Nov 11: Chennai-based software products and services provider Ramco Systems Ltd is all set to expand its reach into the North Asian markets, with Ramco Aviation Suite.
The Ramco Group company on Friday said that it has inked a strategic partnership with a Shanghai-based solutions provider SRN Information Technology (Shanghai) Co. Ltd (SRN Info), to widen the horizon and offer a holistic next-gen technology experience to aviation companies, in the region. It has also added another China-based aircraft maintenance and engineering company Belinco as its customer.
Bedek-lingyun (Belinco), headquartered in Three Gorges Airport, Yichang, and a joint venture between Lingyun Technology Group and IAI-bedek provides service on aircraft maintenance and cargo conversion with a capacity of delivery of 70 aircraft per year. They will be implementing Ramco Aviation Suite to cover materials management, maintenance, MRO sales, engineering & program along with human capital management and finance & accounting.
With the acquisition of new planes, pilots and technology in bulk and at breakneck speed, carriers from across the Greater China region are also gearing up for a major fleet expansion, said the company in a filing.
Speaking at the 2nd China MRO Aftermarket Show in Shanghai, Stanley Chew, President–Ramco Systems, North Asia, said, “China’s aviation industry has been witnessing rapid growth over the years. As one of the fastest growing industries in the world, the sector has been creating immense growth opportunities. As a global leader trusted by aviation giants, we are happy to bring our disruptive MRO technology to help North Asian aviation companies get digital, mobile and cloud-ready.”
“With focus on innovation and simplified user experience, Ramco has brought a host of innovations including chatbots, mobility, machine learning and wearables into the aviation business targeted at minimizing the turnaround time, improving overall airworthiness of the fleet, and productivity. China opens up a new opportunity for growth in aviation for us,” he added.
Designed to be accessible on cloud and mobile, Ramco Aviation Software continues to add technological innovations with ‘Anywhere Apps’, to significantly reduce transaction time both during AOG conditions and critical aircraft turnarounds, said the filing.
Two days ago, Ramco Systems reported a net loss of Rs 1.1 crore for the consolidated quarter ended September 30, as against a net profit of Rs 0.9 crore for the corresponding quarter last fiscal.
At 11.40 am Friday, shares of the company were trading in red at Rs 414.40, down 2.93%, on BSE.