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New online marketplace for aviation parts, accessories and services

The process of buying aviation parts, accessories and services is brought online with AeroParts Now (APN).

“Today’s aircraft parts buying process has many issues, including inaccurate parts catalogs, lack of inventory visibility and seller performance ratings and unstable pricing,” said Owen Busch, CEO and co-founder of APN.

“As a result, FBOs, MRO providers, OEMs, independent aircraft repairers and individual aircraft owners have all been calling for an easy-to-access market for parts and procurement. We also see a growing trend toward digital purchasing that demands more transparency and connectivity – all the features of the world’s most trusted e-commerce sites, ensuring secure and efficient transactions.”

“Our goal was to integrate our crowd-sourced master data catalog with the best in e-commerce,” said Carl Helka, COO and co-founder of APN. “We have made APN as easy to use as Amazon.”

The company says benefits for buyers include price transparency, personalized views, price alerts and seller rating and performance metrics. Sellers can register and list parts free of charge – APN earns its fee on successful transactions. Repair services can be marketed, with orders processed through automated workflows.

One feature requested by early customers is smart AOG sourcing, which is like a reverse auction. Someone in need of a certain part can broadcast this to potential sellers, who have an hour to respond with the part and shipping cost. Once an offer is chosen, the part is shipped, and APN tracks the whole transaction.

Avcard is the preferred payment option on APN, but Visa, Mastercard, American Express and other bankcards are also accepted.

Written by Izzy Kington

11 October 2017

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