Lufthansa Technik Introduces ToolNOW

At the International Airlines Technical Pool (IATP) Conference in
Riga, Latvia, Lufthansa Technik presented ToolNOW, the first
online brokerage platform for tool loans in the aviation industry,
under its brand AVIATAR.
]Airline operators and MRO companies can use this
platform to cover their aircraft-related tool requirements through
loans. Their requests are answered by other MRO companies,
manufacturers and airlines on the platform.
The loan process is simplified considerably through standardized
requests and offers. This also reduces the time between request and
delivery of the tools. Users can track the live status
of their requests at all times. The more customers use ToolNOW, the
bigger the network becomes, LHT stresses. MRO companies, OEMs and airlines can share their tool inventories and are no longer dependent on the
costly expansion of their own inventory.
The functionalities of the ToolNOW platform were defined and implemented in close cooperation with future users such as TUIfly.
“ToolNOW is a completely new business model. It is based on our
experience in the tool loan business and extends the range of
services offered by the digital AVIATAR platform. Through the use of
ToolNOW, required tools can be ordered quickly and well enough in
advance. The time that an aircraft spends on the ground can thus be
reduced considerably, resulting in enormous cost savings,” says
Martin Beecken, ToolNOW project manager at Lufthansa Technik.
Following a test phase of several weeks with selected customers,
ToolNOW has now been officially launched and unlocked for the market.
Users can register free of charge at www.toolnow.com and simply post
their requirements.
ToolNOW will be presented at the International Airlines Technical
Pool Conference in Riga from 10 – 14 March and at MRO Africa in
Cairo, Egypt from 18 – 20 March.