iJet Technologies, Inc.
RA Capital represented the principals of Aviation Partners, Inc. (API) in the formation of a joint venture with iJet Technologies, Inc. (iJet). The joint venture, called APiJET, provides software-as-a-service (SaaS) solutions to make airplanes smarter and more efficient.
APiJet’s SMART AIRCRAFTTM system includes an on-aircraft data management platform, aircraft monitoring analytics, and first-party applications. It is compatible with third-party applications and is paid for on a per-tail, per-month basis. The on-aircraft platform gathers data, hosts business logic modules, and applies logic to inform the owners of critical data in real-time.
RA Capital assisted API in the structuring and negotiations of the transaction and helped to create a company that is poised to grow significantly as they increase market adoption of their SaaS offering.
