Brussels Airport buys 80% stake in data analytics firm Jetpack

Brussels Airport has purchased an 80% interest in Belgian technology company Jetpack for an undisclosed sum. The founding members of the company will continue as minority stakeholders. Founded in 2017, Jetpack combines data analysis with artificial intelligence (AI) to convert data into information to enhance business processes and boost innovation. Brussels Airport said the acquired business will allow it to ‘expand its expertise’ in big data and AI while helping it deliver more differentiated services for its passengers. Apart from continuing the development of its activities independently, Jetpack will also establish an aviation-focused competence and innovation centre. Brussels Airport CEO Arnaud Feist said: “Brussels Airport’s investment in Jetpack fits in perfectly with our strategy of continuous improvement of our operational and commercial performance to serve our customers even better. The optimisation of our processes requires the real-time analysis of a large amount of data and the making of forecasts based on the increased use of artificial intelligence. Thanks to Jetpack, we will accelerate our developments in this field. Jetpack will continue to serve all its customers and develop solutions for different industries.""<br/>