Subscribe Free
in Maintenance

Honeywell's new trading business to modernise buying and selling aviation parts

Posted 8 January 2019 · Add Comment

Honeywell is bringing the ease of everyday online buying and selling to the aviation parts industry with GoDirect Trade.

 

The new e-commerce platform will improve access to new and used aircraft parts for airlines, air transport and business aviation customers by offering transparent pricing and the option to buy inventory directly from its website — a first-of-its-kind experience.

"GoDirect Trade represents an evolution in our market, and being backed by a major equipment manufacturer brings the confidence we need to be one of the early adopters," said Thomas Noonan, director of material and part sales, StandardAero Total Aircraft Spares. "This technology will help propel the aviation industry forward into the realm of other e-commerce sites that many of us use each day without a second thought."

Previously, buyers looking for aviation parts such as avionics, auxiliary power units and more would have to call numerous companies, wait days or even weeks to price a part, and risk buying from a company that did not have the inventory immediately in stock. On GoDirect Trade, Honeywell is using blockchain technology to ensure every listing includes images and quality documents for the exact part being offered for sale, giving the buyer confidence about purchasing the part. In addition, every part on GoDirect Trade is immediately available for sale and shipping. There is no need to wait days or even weeks for the seller to confirm availability.

"Currently, less than 2.5 percent of all transactions in this space are done online," said Lisa Butters, who is leading the new Honeywell Aerospace venture. "Up until now, the ability to shop for spare parts online with prices, product images and quality documentation all in one place was unheard of for the aviation industry."

GoDirect Trade aims to build stronger connections between buyers and sellers. For example, buyers and sellers can directly contact one another via the platform, streamlining the process to ensure both parties are satisfied with the exchange. As with similar websites in other industries, online reviews of both buyers and sellers are encouraged. 

"We are the first marketplace to enable customised seller storefronts, and we are the first to leverage blockchain technology to build trust between the buyer and seller," Butters said. "All of these firsts will bring us into a new era focused on the buyer's experience while enabling sellers to grow globally. Our platform and mindset will change the way the industry does business."

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Qatar Airways Group chief executive addresses Global Aviation Summit in Mumbai

A Qatari delegation led by the Qatari Minister of Transport, Mr. Jassim bin Saif Al Sulaiti, which also included the chairman of Qatarís Civil Aviation Authority, Abdullah bin Nasser Turki Al-Subaey and Qatar Airways Group chief

Spatial launches new website to further support its global client base

Spatial, a provider of cabin crew training simulators based in Ras Al Khaimah, has launched its new company website to help further support its expanding global client.

The New Airport Show Istanbul to take place in June

The aviation industry in Turkey is on the rise after the opening on 29 October 2018 of Istanbul Airport and now it is to host The New Airport Show Istanbul from June 18-20, 2019.

GCAA wins at Sheikh Mohammed Bin Rashid Al Maktoum Award for Governmental Excellence

Winners of Sheikh Mohammed Bin Rashid Al Maktoum Award for Governmental Excellence in its fifth edition 2018 were honoured yesterday in Abu Dhabi.

Home and away, TS&S builds links to the future

Abu Dhabiís TS&S Aerospace is spreading its wings with fresh maintenance, repair and overhaul (MRO) contracts beyond its home territory. Acting CEO, Mansoor Janahi, talks to Chuck Grieve about whatís driving this expansion.

Emirates and Flydubai continue to expand partnership

The strategic partnership between Dubaiís two airlines, Emirates and Flydubai, continues to grow since its launch 14 months ago as it adds new codeshare destinations in 2019.

ACCA19_SK0201080919
See us at
MECAS_BT171218130219ACCA19_BT2141218280219SaudiAirshowBT0711140319Aviation Africa BT0607280219AIME19BTA3005120219