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Decline conditions

OpenAirlines, a world leading provider of eco-flying software solutions, announces a new milestone in its growth trajectory after raising nearly to 45 million euros from Eiffel Investment Group, leading the operation through its Eiffel Essentiel fund, with the backing of Mirova, a Natixis Investment Managers affiliate dedicated to sustainable investments. Both funds are leading the way in Europe’s energy transition. These two leading players in the field of energy transition in Europe are committed to supporting the growth of OpenAirlines, previously backed by alter equity, in order to speed up the company’s vital contribution to the aviation industry’s decarbonisation drive. This line-up will also be joined by the Caisse de Retraite du Personnel Navigant Professionnel de l’Aéronautique Civile (France’s pension fund for cabin crew in the civil aviation industry, known as CRPN) by the end of this year. The company plans to draw on the support provided by these new shareholders to further develop its business across North America and Asia and make acquisitions that will add to its range of services.

With these new investors on board, OpenAirlines will be able to step up its growth strategy and consolidate its position as a world leader. It plans to do so by further developing its business across Asia and North America, both of which are strategic and fast-growing markets. OpenAirlines also intends to cater to the entire spectrum of airline departments by building on its range of services aimed at enhancing energy efficiencies and reducing carbon footprints. With this in mind, OpenAirlines plans to launch an ambitious external growth strategy seeking to expand the range of services offered through its SkyBreathe platform.

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