Hyderabad: Hyderabad-based startup Avrexsee Enterprises (Avrexsee) has entered into a joint venture with Selom Aviation of Ireland, and launched product solution & managed services for airline operators, aircraft leasing companies and MROs.
This JV will enable ‘software & hardware product solution’ in the forms of ‘civil aircraft asset management solution (CAAMS)’ and also cater to related managed services such as aircraft lease records management and migration and digitisation of legacy records.
The nextgen technologies such as artificial intelligence, augmented reality, cloud computing (Microsoft Azure) will be used in CAAMs. Use of advanced technology and process optimisation as product design are expected to help aircraft owners, aircraft leasing companies, airline operators to cut down process time 50 per cent and cost by 45 per cent. CAAMS is a product solution related to aircraft asset lease management & transition, aircraft sales transfer, aircraft inspection management, document management and GIS Integration.
The joint venture entity which will operate from T-Hub, believes that Hyderabad is becoming the innovation-hub within aerospace & defence Industry for many international aircraft original equipment manufacturers (OEMs), so it’s an ideal location as technology-hub in terms of skilled resources, infrastructure and government schemes to support such initiative.
The company will invest $1 million in the next 18 months and $5 million in the following five years from then. The entity will have a 30 member team working in Dublin, London and T-Hub (Hyderabad).
Maneesh Singh, founder, Avrexsee Enterprises, said “CAAMS as a product will be ideally developed and managed from Hyderabad and will have sales interfaces through Selom Aviation, Ireland to address globally. We have already received some traction and currently in initial dialogues with aircraft leasing companies in Dublin, Ireland. Hyderabad’s product development facility will also enable this as experiential training centre for some of the qualified engineers as aspirants to learn these advanced technologies and seek their career progression in aerospace & defence industry. We have selection processes aligned accordingly. We welcome partners in areas of AI, AR & RFID Technologies.”
He added, “On similar lines, some of the start-up initiatives and ecosystem developed and facilitated by Telangana Government and Nasscom will act as a catalyst to the objectives of this JV.”
Ravi Reddy, director of Selom Aviation said, “This new product as CAAMS will help in addressing the needs of most my customers as ‘Aircraft Leasing Companies’ & ‘Aircraft Owners’. The worldwide major aircraft leasing hub is Dublin, Ireland and we address CAAMS as a product solution from same location to enable near-shore product support and related managed services.”
“We have licenced engineers to address worldwide market, specifically the EASA Part 66 from UK CAA, Aircraft Maintenance Engineers Licence M2 (Airframe & Engines) from Transport Canada: Canada, Airframe & Power plant (A&P) Licence from FAA-USA, Aircraft Release Authority on B777-200/300 and Boeing 787-8/9, B-787- 9 & Boeing -787- 8 With GE-GENx Engines,” added Reddy.