Thursday, March 08, 2018

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

Hyderabad: European plane-manufacturer Airbus, along with its subsidiary Navblue, has signed contracts with two Indian start-ups -- Neewee and Eflight -- to provide solutions in aerospace, a company statement said on Thursday. "Neewee and Eflight, two start-ups accelerated at Airbus Bizlab India, have signed their first contracts with Airbus and subsidiary Navblue to bring to life their unique innovative ideas in aerospace that are in line with the Indian government's 'Make in India' and 'Startup India' initiatives," Airbus 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 technology acceleration programme that attracted 137 applications from nine countries.
"Neewee's solution, called procuSense, will enhance certainty to manufacturing supply chain and procurement operations at Airbus, using advanced analytics, machine learning and artificial intelligence," the Airbus statement said.
"Eflight's trip support solution will offer a comprehensive suite of services that allows business jet pilots to optimise plans for fuel, time, route and weather," it said.
The start-up has also signed an exclusive partnership with an Airbus subsidiary to jointly address some opportunities in India, the statement added.
08/03/18 IANS/