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Technology: Chennai startup offers data platform for Aircraft Asset Management Industry

Fiinews by Fiinews
February 29, 2024
in Technology
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Keepflying

Chandrasekhar Jayaramakrishnan.

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KeepFlying® is enabling a new era of the Aviation Digital FinTwin®

KeepFlying® https://www.keepflying.aero/ , an aviation startup by entrepreneurs from Chennai, is working in the eco-system transforming the US$170 billion global Aircraft Asset Management Industry.

Based in Singapore for the reach out to international markets, the Aviation AI startup has built the first of its kind GenAI powered Aviation https://worldofaviation.com/ data platform that helps make Airworthiness and Maintenance data sets ready and in a usable format for commercial insights generation by unleashing their AI agents.

Airlines https://www.iata.org/ are spending close to US$800,000 in additional costs as part of Narrow Body Redeliveries (almost 2x for Wide Bodies) due to unstructured technical records, said Chandrasekhar Jayaramakrishnan, Chief Product Officer of KeepFlying®.

“Engine MROs https://mrosouthasia.com/ have varying slot profitability (3-8%) margins and miss out on US$250,000 in bottom line when carrying out overhauls,” he said at the Singapore Airshow held 20-25 Feb.

“Lessors spend over US$50,000 per Engine (higher for Aircraft) Records Inspection – amplified by holes in back-to-birth data.”

He elaborated, “KeepFlying® is enabling a new era of the Aviation Digital FinTwin® (Financial Twin) through its Aviation Language Model driven data-to-dollar platform to help Airlines, Lessors and MROs save on these additional spends.” Fiinews.com

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