Multi-Million-Dollar Deal: South Korea’s flag carrier and largest airline, Korean Air selects this global aviation software specialist; details inside!

The airline currently conducts MRO work on six engine models and with this expansion, Korean Air is looking to add three more engine types to its aircraft family.

Global Aviation software specialist, Ramco Systems Ltd announced its strategic engagement with Korean Air, a flag carrier of South Korea and its largest airline, to implement its flagship aviation software, Ramco Aviation Suite at Korean Air’s Engine Maintenance Center. This association was officially announced at MRO Americas 2024, Chicago.

This engagement comes close on the heels of the airline announcing the construction of its new engine MRO facility in Unbuk, near Incheon International Airport, claiming to be the largest engine maintenance plant in Asia, consolidating all engine MRO capabilities into a single cluster. The airline currently conducts MRO work on six engine models and with this expansion, Korean Air is looking to add three more engine types to its aircraft family.

The implementation of Ramco’s Aviation Software will replace multiple legacy systems to streamline operations across current engine shops and planned expansion sites. With comprehensive MRO-specific functionalities, and integrated e-publications all on a unified platform, offered as an out-of-the-box solution, Ramco Aviation will be the technological foundation for Korean Air.

In addition, the airline’s engine maintenance center will also benefit from digital enablers such as Mobility via Anywhere Apps, HUBs, Dashboards and other integrations to the ecosystem offerings, powered by Ramco. Ramco’s robust Engine MRO solution will cater to the current and future expansion plans of the airline, thereby strengthening the airline’s aircraft engine maintenance capabilities and solidifying its presence in the MRO segment.

Also Read: Understanding Cash Flow: Essential Types You Need to Know

 Ramco Systems is a world-class enterprise software product/ platform provider disrupting the market with its multi-tenant cloud and mobile-based enterprise software, successfully driving innovation for over 25 years. Over the years, Ramco has maintained a consistent track record of serving 1000+ customers globally with 2 million+ users and delivering tangible business value in global payroll, aviation aerospace & defence, and ERP.

Ramco’s key differentiator is its innovative approach to developing products through its revolutionary enterprise application assembly and delivery platform. On the innovation front, Ramco is leveraging cutting-edge technologies around artificial intelligence, machine learning, RPA and blockchain, amongst others, to help organizations embrace digital transformation.

Today, one of the Top Gainers on BSE, shares of Ramco Systems Ltd gained 13.81 per cent to Rs 324.15 per share from its previous closing of Rs 284.80 per share. The shares of the company saw a spurt in volume by more than 2 times on BSE. The stock’s 52-week high is Rs 356.25 and its 52-week low is Rs 209.10. The company has a market cap of over Rs 1,100 crore and investors should keep an eye on this Small-Cap stock.  

Disclaimer: The article is for informational purposes only and not investment advice.