Matthew Ridley Bids Farewell to IAG's Hangar 51 After Seven Years
Key Ideas
- Matthew Ridley is stepping down from his role as head of IAG's corporate venture arm, Hangar 51, which focuses on sustainable modes of air travel.
- During his tenure, Ridley oversaw investments in companies like LanzaJet and ZeroAvia working on sustainable aviation fuel and hydrogen-electric powertrains.
- Hangar 51's recent investment in SeatBoost highlights its commitment to propelling new technologies and improving various aspects of air travel.
- Ridley's departure marks the end of seven years at Hangar 51, and he hints at continuing his involvement in corporate VC activities in the future.
Matthew Ridley is leaving his role as the head of Hangar 51, the corporate venture and innovation unit of the International Airlines Group (IAG). Ridley was hired in 2017 to lead Hangar 51, focusing on investments and research in sustainable air travel technologies. His tenure involved supporting companies like LanzaJet and ZeroAvia, which are developing sustainable aviation fuels and hydrogen-electric powertrains. Recently, Hangar 51 invested in SeatBoost, a startup specializing in dynamic seat upgrades. Ridley expressed optimism about the impact of corporate VC in driving technological advancements and enhancing the decarbonization of the aviation industry. Following his departure, Ridley aims to remain active in the corporate VC sector. His contributions to Hangar 51 have been instrumental in advancing innovative solutions for the aviation industry's sustainability challenges.