OpenAirlines funding news – Toulouse-based OpenAirlines has Raised Nearly €45 Million in Funding

Aviation is under pressure to reduce its environmental impact as it contributed to 2% of global CO₂ emissions in 2022. Fuel is a major cost for airlines, representing about 30% of operating expenses, making it an important area for efficiency improvements.

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Founded by Alexandre Feray in 2006, OpenAirlines focuses on developing digital solutions to optimize fuel consumption and reduce CO₂ emissions.

Breakthrough Technology for Sustainable Aviation

OpenAirlines' main product, SkyBreathe®, is a tool that helps airlines reduce fuel use and emissions during flights. It’s a digital platform that uses AI and machine learning to analyze data from over 15 million flights and provide helpful eco-flying tips.

SkyBreathe® has helped airlines reduce fuel consumption by 3-5% per flight, with returns on investment up to 15 times the cost. OpenAirlines plans to improve SkyBreathe® by adding real-time suggestions for pilots through its new cockpit technology, SkyBreathe OnBoard.

Alexandre Feray, CEO of OpenAirlines said: “Thanks to the support of Eiffel Investment Group and Mirova, we now have the resources we need to position ourselves as an aggregator within our market. We will be able to make bolt-on acquisitions aimed at beefing up our range of products and services and thus cater to airlines as a real digital game-changer when it comes to reducing carbon footprints. Having already embedded our technology in the cockpit, our aim now is to rally all business lines around a joint project: to combine operating performance with environmental engagement in order to help build a more sustainable aviation industry.”

Over 70 airlines, including Air France, Korean Air, and JetBlue, use SkyBreathe® to cut their carbon emissions. In 2023, OpenAirlines helped its clients save 420,000 tons of fuel and prevent 1.4 million metric tons of CO₂ emissions—seven times the CO₂ savings from all sustainable aviation fuels worldwide last year.

Building a Sustainable Future for Aviation

With the new funding, OpenAirlines plans to grow its operations and strengthen its role as a leader in sustainable aviation. The company aims to expand in North America and Asia, develop tools for air traffic controllers, and help airlines meet tough environmental and sustainability standards.

Céline André, Director of the Eiffel Essentiel fund said, “OpenAirlines is currently the only player on the market offering airlines the actual tools they need to take urgent action, bearing in mind that the industry has net zero emissions targets to meet by 2050 and that the requirement to integrate sustainable aviation fuels will take time to deliver any benefits. The company is already generating an impressive financial and non-financial impact, and we are delighted to support it through this next phase of its development,”.

Youssef Belatar, Investment Director at Mirova said, “The aim of our strategy is to combine financial returns with support for the environmental transition by deploying acceleration capital that finances innovative solutions. OpenAirlines is an inspiring example of how technological innovation can help industries transition to a more sustainable business model. OpenAirlines makes use of advanced environmental performance management solutions and therefore also offers concrete tools geared towards helping airlines reduce their carbon emissions and operating expenses. We are excited to become involved in the next stages of OpenAirlines’ growth trajectory,”

About OpenAirlines

OpenAirlines is a leader in sustainable aviation software helping airlines reduce their environmental impact and improve efficiency. Using innovative, data-driven solutions OpenAirlines enables airlines to make smart, eco-friendly decisions that lower fuel use, cut CO₂ emissions, and save money.