SkySelect Procurement Technology Has Tripled Its Customer Base and Processed Over $5 Billion in Transactions in 2024

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The company has achieved a significant milestone by processing $5 billion in aircraft parts transactions since its inception. This accomplishment follows an exciting 12 months for SkySelect, during which it facilitated $1.5 billion in transactions thanks to onboarding a record number of new customers such as JetBlue, Avianca, Airborne Maintenance & Engineering Services, MTU Maintenance, as well as several leading international airlines that prefer to keep their partnerships confidential.

SkySelect has tripled the number of airlines and MROs on the platform this year. Of course, it takes both active buyers and sellers to create a prosperous ecosystem. That’s why SkySelect has partnered with over 3,000 suppliers covering a range of part categories, which assist customers with routine, urgent, and AOG part requirements, supporting all parts of the aviation supply chain. To ensure a smooth experience, SkySelect has also expanded its list of integration partners, which now includes names such as AvSight, Ambry Hill, Rotabull, Quantum, and Corridor.

The aviation industry is rapidly adopting artificial intelligence (AI) at an accelerated pace and has quickly become more than a novelty. The global artificial intelligence in aviation market is expected to drive growth at a CAGR of 35.38% from 2022 to 2030. Economic challenges have been one of the major drivers of this increase in technological adoption.

As airlines prepare for 2025, they enhance operational efficiencies, focusing on supply chain optimization to adapt to economic challenges and address the ongoing supply chain tensions.

"It's clear that airlines and MROs must revise their operational methods. Technologies such as Procurement AI have shifted from optional conveniences to essential tools for thriving in today's environment," said Erkki Brakmann, CEO at SkySelect.

In today's complex economic climate, airlines and MROs increasingly rely on technology to boost supply chain efficiency, reduce costs, and foster innovation. SkySelect is at the forefront of helping organizations address these challenges.

"Our customers have shared remarkable results, including 20% savings, 20% on-time delivery (OTD) improvement, and efficiency gains of up to 5 times. It's no wonder we are witnessing a growing number of organizations seeking digital initiatives to enhance performance," added Brakmann.