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Our business looks to capitalize on the growth outlook and the ongoing part requirements for these aircraft. The company will continually innovate while disrupting the current procurement, logistics and sale of parts using technology and third-party logistics that have proven successful during the pandemic. Transparent pricing will be available for many of the high-usage parts, cutting down on the resources of both the buyer and seller. The business will use internally developed algorithms to properly price and replenish stock. Use of emerging blockchain technology will be implemented to capture all paperwork and make it available to buyers. With blockchain, an operator can track every component of every airplane and know its full history, current status and location. Currently, only the most valuable parts – such as engines or auxiliary power units – get this level of scrutiny, but we believe as the technology becomes more readily available, more operators will come on board. Blockchain technology makes it easy, fast and inexpensive to keep tabs on all inventory.
Our belief is the current model of selling aircraft parts is archaic and error prone. The search for the best price makes the industry opaque to the buyer. The best price, in fact, may not meet the buyer’s quality or condition requirements. Additional time has to be invested in the service bulletin status, airworthiness directive status, life remaining on the unit, shop used, data of tag and last certificated entity