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.

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“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.

“We look forward to collaborating with the entire Jetpack team that will help us stay relevant in an ever-changing digital environment.”

Jetpack co-founder Raphaël Krings said: “All Jetpack co-founders are very pleased to have found in Brussels Airport a partner for innovation and growth. Jetpack will continue to serve and grow its customer portfolio independently.

“Thanks to this privileged bond with Brussels Airport, which provides us with a formidable field of multi-industry development, we will be able to accelerate the development of innovative solutions for all our customers.”

One of Europe’s largest airports, Brussels Airport handled 9.4 million passengers and transported more than 843,000t of cargo last year.

The airport currently offers direct connections to more than 200 destinations.