We found that airlines have been struggling to get rid of their bulk parts. For instance, airline carriers such as American Airlines wants to get rid of their parts inventory as quickly as possible. Currently, many carriers such as American Airlines sell parts in scattered bulk lots. Miscellaneous airlines parts are sold with other miscellaneous parts. When a customer is looking for a specific set of parts, he/she has to browse their many bulk lots to find that product. We've created a solution to alleviate this issue. Our solution effectively addresses the customer's and seller's problems. Our detailed implementation shows exactly why our idea is beneficial and how we plan on executing it.
What it does
Our idea categorizes bulk airline parts into more useful categories. We use aggregated data from past transactions and maintenance guides to form combined sets of airline parts that are very useful to the customer to buy as a set. For instance, we bundled together common components that maintenance reports have utilized for common repairs. These include wing boxes, wing panels, winglets, etc. Another example is how we bundled ATA Chapter 32 Components of an aircraft. Sample parts in this category include cockpit controls, electronic control units, braking systems, extension and retraction equipment, and steering control systems. In this way, both the buyer and seller benefit from convenience and revenues.
How we built it
Challenges we ran into
It was very difficult researching exactly how the airline industry works. Moreover, airlines are heavily regulated, very complex, and have a lot of restrictions when disassembled. We had to explore the inner structures of these workings before we could construct a business plan. Moreover, we had to look over at the history of Aviall and Boeing. For instance, we wanted to aggregate part similarities between multiple Boeing aircrafts. To do so, we decided to gather data from Boeing maintenance guides. However, Boeing only digitized these maintenance guides after the Boeing-737 aircraft. Before this aircraft, all the aircraft maintenance guides were textbook based. This causes a complexity for data aggregation. For older aircrafts, we decided to look at past customer transactions. This will allow us to see what other items customer purchased when they were looking for one main airline part.
Accomplishments that we're proud of
We are happy to have finished both a PowerPoint presentation, business model canvas, and fully-functioning website. We wanted to clearly illustrate the extent of our idea and its practicality. We believe both formal and interactive presentations were necessary to achieve this.
What we learned
We learned a lot about Boeing history, airline history, and how airlines are maintained. For instance, one thing we learned was how airlines have periodic checks such as A Check, B Check, C Check, 3C Check, and D Check. D Checks can take months to complete and may require complete disassembly and reassembly of a full aircraft.
What's next for AirBind
We want to push this idea to market so that many airlines can utilize the benefit of bundling items together.