At Aerospace Tech Week Europe, Stephen Snyder, Managing Director, JetBlue Ventures joined for a five-minute discussion into the current innovation landscape. Snyder described the space as dynamic, with capital readily available and continued excitement around artificial intelligence (AI). Highlighting the technology’s current position in the trough of disillusionment, Snyder explained why this is an exciting point in the hype cycle for an investor, where applications shift from theoretical to practical and investors can advocate for their future.
Looking ahead, Snyder predicted sustainability-based technologies will be dominating the market 5-10 years into the future, with eVTOL aircraft, hydrogen propulsion, and hybrid electric tech poised to support the industry’s transition to net zero.
Discussing innovation in this safety critical sector, Snyder reiterated that while there is no margin for error, “we also cannot stall when it comes to innovation.” He urged that we must shift the mindset around safety and innovation from “either, or” to “both, and.”
Watch the full interview now.
Questions asked include:
- How would you characterise the current innovation landscape with regards to Aerospace?
- If we think 5-10 years into the future, what technologies will still be dominating the market?
- How do you strike a balance between the importance of safety & security and the need for innovation?
For more from onsite at Aerospace Tech Week see:
- Willie Walsh: “They’re part of the problem, they’ve got to be part of the solution.”
- Ensuring safety while integrating AI with Anna von Groote, Director General, EUROCAE
- Maturing AAM technology with CEO & Head of UAM at Airbus