11 August, 2011 // Press release     Aviation start ups – promoting innovation or creating unnecessary competition?     Th...
About Locatory.com:     Locatory.com – an online aircraft spare parts marketplace where aviation industry experts     gath...
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Aviation start ups promoting innovation or creating unnecessary competition

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The number of air passengers is expected to grow by 5.1% over the next 20 years. This, according to Locatory.com experts, naturally means that there will be a large number of new airlines being established in the process. These new players, introducing brand new business models and a fresh outlook, will promote a healthy competition among the largest and the newly established airlines, especially within the emerging markets. As a result, customers may expect a more innovative approach and much higher service quality standards.

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Aviation start ups promoting innovation or creating unnecessary competition

  1. 1. 11 August, 2011 // Press release Aviation start ups – promoting innovation or creating unnecessary competition? The number of air passengers is expected to grow by 5.1% over the next 20 years. This, according to Locatory.com experts, naturally means that there will be a large number of new airlines being established in the process. These new players, introducing brand new business models and a fresh outlook, will promote a healthy competition among the largest and the newly established airlines, especially within the emerging markets. As a result, customers may expect a more innovative approach and much higher service quality standards. ‘Airlines are often subjected to rapid market fluctuations that increase or decrease profits. However, new companies, unabashed by the existing challenges, introduce new products and services and thus contribute towards the product quality and stimulate innovative ideas through encouraging competition. The maximum surplus value, naturally, falls to the end consumer.’ – explains John Hoyos, Locatory.com Business Development Manager in South America. According to Locatory.com experts, the last year’s growth in African airlines’ profits (USD 100 million, according to ICAO) was mainly determined by the newly established airlines. In the meantime, in China, which is one of the most rapidly developing markets, such newcomers acted as a powerful accelerator for encouraging innovations and progress within the industry. It is worth mentioning that South America has not undergone such a vivid growth in emerging airlines lately, however, the experts can still observe an increase in the number of innovations and improvement in general service quality. A similar situation can be spotted in Russia where a gradually increasing number of new players impels faster business processes among the more experienced ones. A slightly different game is taking place in the United States where the newly established companies are often strongly regulated by licenses and various permissions. As a result, they are faced with the need to pay more attention to well-though-out business strategies and attracting the right investors. ‘Not only does the introduction of new products accelerate business processes but also improves the total domestic economy. Such companies as Virgin Blue, WestJet, Ryanair, Emirates and several others have also once been start-ups. That is why we think it is absolutely necessary to support the newly established companies that may one day join the list of the most influential air carriers across the world.’ – explained Chief Commercial Officer of Locatory.com Vytautas Vorobjovas. According to Mr. Vorobjovas, all markets, including the aviation sector, require constant regeneration. Otherwise they will fall into the trap of stagnation and gradual deterioration. ‘In order for the process to move forward there must be a strong emphasis on healthy competition and that is where new companies play an enormous role. With that in mind, Locatory.com is introducing a 50% discount for the industry newcomers that will make it a lot easier for them to deal with acquiring new parts and components and solving AOG situations.’ – says V. Vorabjovas. JSC „Locatory.com“Company code: 302572273 Smolensko st. 10, LT-03201, Tel. +370 5 252 5500 Email: info@locatory.comVAT code: LT100006029014 Vilnius, Lithuania Fax +370 5 252 5501 Website: locatory.com
  2. 2. About Locatory.com: Locatory.com – an online aircraft spare parts marketplace where aviation industry experts gather to search, buy and sell aircraft parts, promote their services and establish new business connections in the easiest and the most convenient way. Being different from other competing platforms Locatory.com focuses on the emerging markets. The platform is considered to be a gateway between the evolved and the emerging markets, strongly orientated towards such regions as Russia and the CIS, India, China, Africa and South America. For further information, please do not hesitate to contact: Ernesta Raulonyte Communications Manager Avia Solutions Group Mob. +370 616 25348 ernesta.raulonyte@aviasg.com Media Resources Locatory.com – Cyber revolution– Embed Code: <iframe width="560" height="349" src="http://www.youtube.com/embed/-xTrNaqXcSo" frameborder="0" allowfullscreen></iframe> Twitter Pitch: Aviationstart ups – promoting innovation or creating unnecessary competition? http://bit.ly/LocStart #AvMRO #Aviation #AvGeeks #BizAv YouTube Link: http://www.youtube.com/user/locatorycom Vimeo Link: http://vimeo.com/channels/locatory Twitter: http://twitter.com/locatory Links: http://www.locatory.com http://www.aviasg.com Keywords/Suggested Tags: Aircraft parts locator, MRO, , locatory.com, locator, aviasg, spare parts, startup, aviation start ups, African aviation, Latin American aviation, Chinese aviation, USA aviation, airlines, airlines start-ups View embeddable version of this or previous releases or download via Word or PDF on Scribd and Docstoc JSC „Locatory.com“Company code: 302572273 Smolensko st. 10, LT-03201, Tel. +370 5 252 5500 Email: info@locatory.comVAT code: LT100006029014 Vilnius, Lithuania Fax +370 5 252 5501 Website: locatory.com

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