Skypaq, a Mullingar-based consulting and software firm, has won a contract worth more than €2.25 million with Finnair.
It will involve the Enterprise Ireland client providing an integrated maintenance and operational solution for the entire Finnair fleet of Airbus, Boeing and Embraer aircraft with the objective of bringing down costs.
Having set up in 2005, Skypaq employs six professionals from the aviation and software sectors. It has designed and developed all of its software solutions within Ireland and wholly owns all intellectual property rights.
“The present global economic environment provides huge business opportunities for Skypaq due to our proven track record in reducing costs for aviation organisations,” said Richard McKenna, Skypaq CEO and founder.
“Skypaq processes were engineered from within an airline and have full regulatory approval status, and have a range of other aviation solutions developed by the company. Skypaq therefore delivers in the realities of today’s demanding operational and regulatory aviation environment.”
John Corrigan, Skypaq’s sales director, said the company was involved in contract negotiations with a number of other large European and global airlines and was in the discussion stage with a potential global solutions partner.
“The total market for software applications for aircraft maintenance and overhaul worldwide is approximately €2 billion per annum. The addressable market for Skypac, based on our specific area of expertise, is €200 million,” he said.
Pictured: Tom Hayes, head of high potential start-ups, Enterprise Ireland, Richard McKenna, CEO and founder of Skypaq and John Corrigan, sales director, Skypaq.
By Sorcha Corcoran