El Al Israeli Airlines Ltd. Selects ePlane Autopilot to Manage Its Daily Aircraft Parts Sourcing Activities
El Al Israeli Airlines Ltd announce today that it has started using ePlane’s multiple sourcing tools to manage its daily aircraft parts sourcing activities. The company’s demands are synced in real time to the ePlane platform, and RFQs are being sent automatically to relevant sellers & MROs worldwide via the revolutionary ePlane Autopilot feature.
Tel Aviv, Israel, Oct. 15, 2018 -- As of August 20, 2018, El Al Israeli Airlines Ltd started using ePlane's multiple sourcing tools. The company's demands are synced in real time to the ePlane platform, and RFQs are being sent automatically to relevant sellers & MROs worldwide via the revolutionary ePlane Autopilot feature.
This announcement further establishes ePlane as the industry's one-stop-shop online solution, where airlines can search for part numbers in reliable inventories, compare, send RFQs, chat directly with vetted sellers & MROs from across the world, receive documents, and finalize deals online with a few simple clicks. Airlines are investing large sums in parts sourcing activities each year, and this field's global annual scope reaches billions of dollars. According to initial estimates, systems such as ePlane Autopilot can generate significant savings for the airlines.
Kobi Golan, EL AL Procurement Director was quoted as saying: "Using ePlane Autopilot will allow our Procurement team to receive faster and more accurate data of the inventories existing in the market and needed for our fleets. It will allow us to be more efficient. We found ePlane to be the best and most advanced solution for our needs .The usage of the ePlane solution is another important part of launching modern state of the art Supply Chain IT systems in EL AL in the last years.
Itsik Maaravi, ePlane USA CEO was quoted as saying: "We are very excited to join forces with a leader in the Israeli aviation industry. El Al has fully automated its RFQ process and managed to reduce its source time substantially. This is good news for airlines of all types and sizes."
Henry Chen Weinstein, Cockpit Innovation CEO, said: "The business collaboration between EL AL and ePlane is yet another proof of Cockpit's successful investments in innovative technologies. As part of our close relationship with EL AL, our goal is more than just providing financial gain by investing in promising startup companies, but also to drive technological value to the aviation industry and enable significant market traction for our portfolio companies. ePlane Autopilot is just the first phase in ePlane's vision. This cutting-edge system will enable EL AL, and other commercial aviation players in the future, to perform their procurement, lease, maintenance, RFQ processes in a much more efficient manner, and thus reducing costs and delivery times. This will eventually improve both customers' satisfaction and airlines' profitability."
About ePlane
ePlane is a free online marketplace for aircraft parts, helping aviation companies worldwide to manage their day-to-day MRO activities, exchange, loan, repair, and outright. ePlane offers a nose-to-tail solution for buyers & sellers alike: a massive selection of parts and repair services for all platforms, reliable real-time inventories uploaded by vetted sellers from across the world, personalized statistics and business insight, and ePlane Autopilot - the revolutionary feature that fully automates the RFQ process. For more information about ePlane: Please visit www.eplane.com
About El Al Israeli Airlines Ltd.
Founded in 1948, El Al is the flag carrier of Israel. With over 50 destinations in Asia, Europe, Africa, and North America, El Al operates scheduled domestic and international services and cargo flight. The airline's all-Boeing fleet of 40 passenger aircraft feature one-cabin, two-cabin, and three-cabin configurations. For more information about El Al Israeli Airlines: Please visit www.elal.com
About Cockpit
Cockpit is an industry venture fund with the mission to seek out, support and invest in entrepreneurs with disruptive technologies in digital travel, aviation and aerospace. As a global player, Cockpit Innovation serves as a bridge between the startup community and leading players of the air-travel industry, all over the world. As part of the EL AL Group, Cockpit is committed to ventures re-inventing air travel through innovation. By creating unique international channels for entrepreneurs, Cockpit startups get a first class opportunity to pilot ideas, and a chance to introduce products to Cockpit's stakeholders and partners around the world. Cockpit's portfolio companies receive a real opportunity for a first enterprise client, resources and strong international network, supporting startups all the way toward global deployment of their innovative ventures.
