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
Execution for a mutually beneficial result: 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
About Aviation Partners, Inc.
Aviation Partners, Inc. is the world leader in the design, production and marketing of advanced winglet systems and aviation products. The company is privately held and based in Seattle, Washington
About iJet Technologies, Inc.
iJet Technologies, Inc. is a SaaS company that integrates aircraft operational data, communication links, and airline ground systems into a single and extensible software solution that is capable of handling large amounts of streaming data both in real-time and post flight