Cleaning up the Aviation Aftermarket

If you have been involved in the aviation after market for any period at all, you will understand and agree to the industry's need to be "Cleaned up"! A customer, as they were consulted to by FlyingParts, recently asked the question, "How can such a regulated industry be so dirty and murky?"

Some of the biggest companies globally are trading companies, with their sole activities being the buying and selling the same product or commodity. There is no shame in being a broker or trading company of aircraft parts, however over time, only companies adding value to the supply chain will be able to maintain their place in the industry.

Add Value to your customer or lose your place!

FlyingParts with our Aviation Option Market, has introduced the only market place for the aviation after market globally where the unique Serial Number is required for each part listed on the Aviation Option Market. There are a couple important reasons why;

1. The Serial number allows for better trace-ability

Because that individual and unique part is now being tracked, very quickly can potential buyers of the part see who owned the part before, what aircraft was the part on before and was the part on an aircraft that had any safety concerns

2. The Serial number removes phantom inventories

Many buyers of aircraft parts in the past have complained about suppliers that list fake inventories on the various marketplaces in the industry. These sellers list the specific part number to lure buyers in, all the while not actually holding the inventory. With every part requiring the unique serial number, the Aviation Option Market place will not permit the listing of the same part by different sellers.

3. The Serial number allows for us to know the exact location

Another layer of trace-ability is added in that through the Aviation Option Market, the buyer will know the exact location of the part. Know which warehouse and shelf the part is on.

4. The Serial number increases accountability

When purchasing the aircraft part under your option contract, you can verify and validate that the correct part is provided by the sellers before installation onto the aircraft.

It is important to increase the accountability and transparency of this industry. Not only will it protect the airlines and operators purchasing the parts for usage in their aircraft, but it will build a more active and larger secondary market for investors which will improve the industry liquidity and opportunities.