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Locatory.com, an IT company supporting the aviation industry with IT-based Supply Chain Optimisation solutions worldwide, has appointed Dainius Meilunas as the company’s new Chief Executive Officer. Starting November, Dainius will succeed Zilvinas Sadauskas, who will continue in an advisory role, working on different R&D projects. Newly assigned CEO brings over 5 years of experience working
Although the aviation spare parts market is forecasted to grow at a rate of 4% at least until 2018 (Research and Markets report), the percentage of flight delays caused by technical failures is still rising. In fact, various statistics indicate logistics-related delays of spare parts supply still add up to over $20 million per year
Unarguably, aviation aftermarket today is a vital segment of the entire industry. Currently valued at over $28 billion dollars, it accounts for nearly half of the MRO market pie. Largely driven by the rapidly expanding global fleet, the development of spare parts market is now seen as a great area to squeeze some additional profit
During a recent DLD conference, Scott Galloway, founder of a benchmarking and education firm L2, shared an insight that the global e-commerce companies are either going to open stores or go out of business. For instance, Amazon can be expected to decline in value mostly due to its ineffective logistics system, which involves shipping products
The importance of spare parts trade in modern commercial aviation industry cannot be overstated. In fact, data provided by ICF SH&E indicates that the spare parts market has grown by over $5 billion in 12 years’ time, currently accounting for almost a half of the overall MRO market. Moreover, the carriers are increasingly adopting an
In the beginning of 2015 the aviation world entered the long-awaited A350 era, as Qatar Airways inducted the first A350-900 aircraft into its fleet. Similar to its competitor – Boeing 787 – the A350 brings not only new opportunities, but also a significant amount of new technologies to market. As a result, with almost 780
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