Digital Aero Technologies invests 1 million euros into aviation tech businesses Locatory.com and Enginestands.com

2021-12-22 / 3 min

Digital Aero Technologies, a technology-driven aviation companies’ holding, established by a global aviation services group Avia Solutions Group, has announced that two more companies have joined the digital family – Locatory.com and Enginestands.com.

The recently established holding Digital Aero Technologies plans to cover various tech areas and fields – from news and recruitment to smart tools and online platforms. The holding has been actively looking to gather some of the industry-leading aviation technology companies under one roof. “I trust that uniting forward-thinking active businesses will encourage innovation and inter-company projects,” says Julius Norkunas, Digital Aero Technologies CEO.

Digital Aero Technologies is set to invest in up-and-coming companies on their way to make waves in the aviation technology industry. “We see so much potential and possibilities to grow and develop ideas important for the future of aviation. Our team is closely working with companies we take under our wing and invest to, to ensure that they have the best shot at making the history,” shares Julius Norkunas.

The newest additions to the Digital Aero Technologies holding that will be receiving investment are Locatory.com and Enginestands.com. DAT is investing 1 million euros into the development of the companies.

One of the largest global aircraft parts marketplaces joins DAT

Starting as an aircraft spare parts trading marketplace, Locatory.com, now is one of the leaders in the business, with 12.1 billion aircraft parts in its marketplace’s database for commercial and military aviation.

“We are delighted to join DAT and are excited about the possibilities that the investment brings. To meet the demands of the growing user base, we intend to strengthen our sales team, thus increasing the stock available on the platform,” explains Toma Matutyte, Director of Sales and Marketing at Locatory.com. “We also plan to continue developing our customer portfolio by attracting partners from various segments and locations. Additionally, we have big plans to refresh our marketplace with an upgrade to the platform’s design and functionalities.”

Trusted aircraft engine stand and tool leasing service Enginestands.com

The other before mentioned addition to DAT is Enginestands.com. It is an aircraft engine stand and tool leasing service for airlines, MROs, engine repair shops, leasing companies, freight forwarders, and other customers around the world. The ISO certified company offers leasing of high-quality equipment for the customer’s chosen period of time, allowing them to productively carry out maintenance operations that suit their schedule.

After receiving the investment from Digital Aero Technologies, Enginestands.com intends to pay even more attention to market analysis of required models and locations that would allow for further development of the company. “The investment will greatly assist in the realisation of Enginestands.com plans to develop our geographical reach and available stand portfolio. Additionally, we will look for ways to automise and optimise processes to offer clients more flexibility,” Toma Matutyte shared.

Toma Matutyte, Director of Sales and Marketing at Locatory.com

About Digital Aero Technologies:

To underline the importance of future technologies and innovation for the aviation and aerospace industries, Digital Aero Technologies (DAT) was established by Avia Solutions Group to encompass a diverse spectrum of forward-facing aviation companies involved in multiple technology-driven aviation sectors.

Avia Solutions Group, a leading aerospace services group with what has become almost 100 offices and production facilities worldwide. ASG is significantly backed by the assets of over 7,000 highly skilled aviation professionals, serving more than 2,000 clients throughout Europe, Asia, North America, Australia, and worldwide. 

Avia Solutions Group holds more than 500 licenses for its evolutionary range of activities across multiple business sectors. Its vast portfolio of services to clients include; aircraft leasing and trading, MRO services, business aviation and VIP airline procurement, charter and cargo aviation, pilot and crew training, recruitment services, together with multiple complementary services spanning a wide range of associated operations.

About Enginestands.com:

Engine Stands provide an aircraft engine stand and aircraft tools leasing service for Airlines, MROs, engine repair shops, leasing companies, freight forwarders, and other global customers. All engine stands are checked according to the highest standards and quality requirements. Stands are built according to OEM specifications and are fully approved by the Engine OEM. In addition, Engine Stands offer worldwide shipping services for all leasing orders. The aim is to provide engine stands and tools to the company’s clients as quickly as possible and in this way contribute to the client’s project’s success.

Engine Stands is a family member of Avia Solutions Group, a leading aerospace services group with what has become almost 100 offices and production facilities worldwide. ASG is significantly backed by the assets of over 7,000 highly skilled aviation professionals, serving more than 2,000 clients throughout Europe, Asia, North America, Australia, and worldwide. 

Avia Solutions Group holds more than 500 licenses for its evolutionary range of activities across multiple business sectors. Its vast portfolio of services to clients include; aircraft leasing and trading, MRO services, business aviation and VIP airline procurement, charter and cargo aviation, pilot and crew training, recruitment services, together with multiple complementary services spanning a wide range of associated operations.

For more information, please visit www.aviasg.com

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AOG – the pressing demand to return aircraft to service as quickly as possible

2021-12-15 / 2 min

Modern commercial aircraft are composed of literally millions of working parts that combine to assemble a fully functioning aircraft – one that can fly and earn revenue for its operators. Should any one, or combination of these millions of components demand replacement or repair, the potential for loss of earnings is great.

AOG (aircraft on the ground) situations occur for multiple reasons; malfunction, possible future malfunction, or post-inspection failure – aircraft are required to undergo regulatory inspection after every 400-600 hours and every 6-8 months. Should the aircraft fail to pass its inspection, it is immediately grounded and enters the no-mans-land of AOG.

Most reasons for grounding can be easily overcome, such as malfunctioning sensors, minor part replacements, or other non-invasive repairs. However, regardless of the reason, loss of revenue due to an AOG situation is the main reason that aircraft need to return to service as quickly as possible.

But what if the AOG aircraft requires a spare part not held in stock by the operator’s MRO (maintenance, repair, and overhaul) business partner? What if that part has to be transported from a distant location, or in a worst-case scenario, a replacement part simply can’t be found? Because of its loss of revenue earning potential, a grounded aircraft can cost as much as $150,000 for a delay of only a couple of hours. And what’s more, that capital loss doesn’t even include the potential damage to the operators’ reputation.

Locatory.com, a family member of the global Avia Solutions Group, is regarded among the world leaders in the aircraft spare parts marketplace – its technologically advanced database contains over 12-billion commercial and military aircraft parts, along with more than 900,000 repair capabilities. Such is the comprehensive nature of its parts portfolio, Locatory.com are key partners to some of the world’s most trusted MRO companies for whom prolonged AOG situations must be avoided at all cost.

According to Salah Marechal, Chief Product Officer, Locatory.com Marketplace, “AOG situations are among the most pressing concerns for modern commercial aviation companies. Returning an aircraft to service is a priority and every tool available is brought into service to ensure that spare parts are searched, sourced, and delivered in the most expedient manner possible. For forward preparedness, the Locatory.com platform also gives the user the tools to analyse and uncover market opportunities, search historical parts demand, offer inventory competition reports, and deliver market trend reports to stay ahead of the curve. In effect, the Locatory.com Marketplace is the go-to crisis-management tool in the majority of AOG situations.”

Before any AOG disaster strikes and inflicts damage to airline schedules, RoI, and reputation, commercial aircraft operators need to develop an AOG strategy that will go a long way towards offsetting any potential calamity. The main focus behind this strategic planning lies in the notion of not ‘if’ but ‘when’ and AOG situation will occur, and how prepared the operator will be to face that situation.

In the world of AOG, time is money, lots of money, and being prepared for every eventually, using every tool possible is key.

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Transparency in spare parts pricing

2021-12-03 / 2 min

In an environment as crowded as the aviation spare parts marketplace, finding transparency in pricing may seem like an almost impossible task. With the sector flooded with millions of unique part numbers, competing brokers, MROs, and original equipment manufacturers (OEMs), how can industry players be sure that prices are accurate, conducive to profit, and have not been artificially inflated?

Recent innovations in technology, such as increased internet speeds, the propagation of IoT, and the demand for Big Data crunching power, have helped increase transparency in pricing and created a less risky environment for customers and suppliers in which to trade.

Locatory.com, a family member of Avia Solutions Group, and the leading aviation marketplace in Europe and the eastern hemisphere has taken that transparency to the next level with a comprehensive online tool for sourcing spare parts and repair capabilities. The Locatory.com platform gives greater pricing transparency than many of its competitors via its adaptability and extensive search capabilities.

According to Toma Matutyte, Director of Sales and Marketing at Locatory.com Marketplace, “To be more competitive and proactive in the market, players need to be able to compare, analyse, and take reasonable insights from reliable statistics and analytics, and that’s exactly what Locatory.com gives our customers the power to do.”

The Locatory platform allows the user to fine-tune their searches using parameters such as price statistics, part numbers, latest trending parts, demand by condition, and hard to find parts, all of which can be further sorted ‘by year’. There is also the added functionality offering Company Statistics, offering overviews of your company’s past and present condition, including historical data concerning spare parts KPIs. Additionally, the Company Actions section of the Locatory.com platform is available for management and admins to minutely examine, analyse, and act on all aspects of process management.

Toma Matutyte adds, “There can be no doubt that the aviation aftermarket has seriously influenced the entire industry. With the introduction of next-generation aircraft and the retirement of older models, the spare parts marketplace, including the transparency of pricing, has altered dramatically, making spare parts an important profit resource for OEMs.

“By offering better pricing transparency, Locatory.com has opened greater opportunities for easier sourcing, quicker turn-around times, and enhanced profitability in the aircraft parts and repair capabilities sector. The unique capabilities of the Locatory.com platform enable aviation traders to establish pricing and find more opportunities across the entire aviation marketplace.”

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