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Airbus signs contract with 2 Indian start-ups for aerospace solutions

IANS  |  Hyderabad 

European plane-manufacturer Airbus, along with its subsidiary Navblue, has signed contracts with two Indian start-ups -- and -- to provide solutions in aerospace, a company statement said on Thursday.

"and Eflight, two start-ups accelerated at Bizlab India, have signed their first contracts with and subsidiary to bring to life their unique innovative ideas in that are in line with the Indian government's 'Make in India' and 'Startup India' initiatives," said in a statement.

According to the company, the two Bengaluru-based start-ups were part of five start-ups chosen a year back from the second season of the Airbus Bizlab that attracted 137 applications from nine countries.

"Neewee's solution, called procuSense, will enhance certainty to manufacturing and procurement operations at Airbus, using advanced analytics, and artificial intelligence," the Airbus statement said.

"Eflight's will offer a comprehensive suite of services that allows jet pilots to optimise plans for fuel, time, route and weather," it said.

The has also signed an exclusive partnership with an Airbus subsidiary to jointly address some opportunities in India, the statement added.

"Both and are unique solutions that have the potential to provide significant and long-term benefits to not only Airbus but other big and small businesses on a global scale. The roadmap for the future includes implementing Neewee's in other Airbus functions globally," said Siddharth Balachandran, Airbus BizLab Leader -

Bizlab is a part of Airbus' innovative strategy to bring together start-ups and Airbus "intrapreneurs" to work and speed up the transformation of their innovative ideas into valuable businesses.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 08 2018. 16:44 IST