Executives from the UK’s XS Aviation plan to launch an aircraft parts trading platform on April 1 called Spaero. Led by XS Aviation owner Myles Corey, Spaero aims to unite and democratize aircraft parts trading and accelerate the procurement process, ultimately helping operators return their aircraft to service more quickly and safely.
“Spaero tackles the longstanding challenges of trust, efficiency, and inflated costs in parts trading head-on,” the company said. “Recognizing the complexity of transactions, through their dedicated efforts, the platform streamlines the entire process of buying, selling, and repairing parts, ensuring a seamless experience from start to finish.”
Operating on a subscription-free model with no sign-up costs, the platform serves as a private intermediary in which every buyer, distributor, and repair center using the platform undergoes a rigorous security and compliance audit. Recurring "know your customer" checks assess wider risk factors to aircraft operators, including those facing AOG situations.
For distributors, Spaero aims to boost parts demand and visibility and ensure all inquiries originate only from vetted end users, thereby eliminating brokers. The service is also committed to delivering improved efficiency for buyers and repair centers, streamlining bulk requests for quote processing, and real-time availability of parts.
“We created Spaero to bring a disruptive force to the sector and to help partners fed up with archaic ways of doing business and trading,” said Corey.