According to news reports, Aerospace has agreed to purchase Satavia, a Cambridge, Massachusetts-based business that reduces the warming effect of aircraft contrail clouds.
When Satavia was first founded in 2013, its goal was to shield airplane engines from dangerous materials including ice, dust, and volcanic ash.
It now runs a carbon credit business model and software subscription service with the goal of drawing 25 airline clients by the end of the decade.
One of the company’s business partners is Etihad Airways, an Abu Dhabi-based airline, which is led by CEO Adam Durant.
Campden Hill Capital, a family office’s venture capital and investment advisor, supported Satavia.
Its acquisition by a division of highlights how big, international corporations are looking for cutting-edge tech startups to help them gain a competitive advantage in addressing how their activities affect climate change.
“GE Aerospace continues to explore ways to help the industry meet its net-zero ambitions and reduce air travel emissions,” stated a spokesperson.
