In 2018 Airbus gave colleagues Matthew Tringham and Elise Weber the backing to form a start-up called Skytra to develop risk management tools that would allow the air travel industry to hedge revenue risk for the first time.
Skytra has brought together two global industries - air travel and financial markets - to address a key financial risk for the air travel industry. While airlines have access to risk management tools for their costs – currency, interest rates and fuel, – there is nothing available for them on the revenue side.
Skytra’s innovation is to bring new risk management tools to the air travel industry which increase financial visibility. It is developing a new class of derivative instrument that will allow companies to manage revenues through the transfer of risk. Its mission is to bring futures and options contracts to market based on its proprietary Air Travel Price indices. Skytra anticipates this will be achieved firstly in OTC transactions before standardised contracts will be tradable on an exchange.
Skytra’s target audiences are the airline industry and businesses intrinsically linked to the air travel industry, such as aircraft lessors, airports and travel agents. Another target group is financial institutions, including investors and market liquidity providers.
|Telephone||+44 (0)20 8059 7700|
|Headquarters||Dawson House, 5 Jewry Street, London, EC3N 2EX|
|Company Size||25 employees|