JAL Group establishes Japan Airlines Innovation Fund

Tokyo, Japan, 2019-Jan-24 — /Travel PR News/ — JAL Group today established a Corporate Venture Capital Fund (CVC) firm called Japan Airlines Innovation Fund. The company will look to invest in startup companies around the globe to create new values that are one step ahead of its competitors in the industry, which was a target raised in JAL`s Medium Term Management Plan – 2018.

Through the establishment of the CVC, JAL will proactively act with speed; promote collaboration and co-creation with startup companies featuring state-of-the-art technology. The objectives of the firm are as follows.

1. Enhance products and services to provide customers with a truly comfortable travel experience with highly personalized services as a Full Service Carrier.
2. Expand business domains by leveraging JAL’s assets to shorten the distance of people and goods on a global scale and contribute to the betterment of society.
   – Provide a comprehensive air mobility service to achieve seamless transportation methods
   – Provide new means to replace the physical movement of people
   – Provide added value to the travel experience
3. Strengthening the foundation for creative innovation opportunities for employees to co-create new values with startup companies.

Looking toward 2020 and beyond, JAL will take on the challenge to create new values that are one step ahead of its competitors in the industry and deliver unparalleled service to our customers. Furthermore, the carrier will contribute to the betterment of society by promoting inclusive and sustainable industrialization and fostering innovation.

Source:  Japan Airlines