MRO Management

LTP launches search for AI-driven innovations to revolutionise MRO

Lufthansa Technik Philippines (LTP) has completed its first-ever 12-year check on an Airbus A380 at its facilities in Manila.
photo_camera File photo of two Lufthansa A380s at LTP in Manila. Credit: Lufthansa Technik Philippines

A global open call for entrepreneurs and startups to develop cutting-edge AI solutions for the aviation MRO industry has been launched by Lufthansa Technik Philippines (LTP) and Seedstars.

The four-day virtual programme offers a unique opportunity for startups to collaborate with LTP’s subject-matter experts, gaining invaluable insights into the aviation MRO landscape.

Artificial intelligence (AI) has the potential to revolutionise MRO processes, enhancing safety, efficiency, and overall performance. LTP says that it recognises this potential and is committed to fostering innovation and collaboration among startups aiming to leverage AI to optimise existing MRO processes.

Participants in the programme will receive venture-building support to strengthen their business foundations and tailor their solutions for implementation in the aviation MRO industry.

Stefan Yordanov, vice president of finance and strategy and corporate projects at LTP, said: “The LTP Startup Challenge 2024 builds upon the success of our previous programme, which saw impressive innovations from startups worldwide.

“This year, we are particularly excited to focus on AI-powered solutions that can revolutionise aviation MRO. We believe that the integration of AI will unlock unprecedented efficiency and help us deliver superior services to our customers.”

Natnicha Lertplakorn, programme manager at Seedstars, said: “We are thrilled that Lufthansa Technik Philippines will once again drive innovation in the aviation MRO sector.

“The LTP Startup Challenge 2024 provides a platform for visionary entrepreneurs to showcase their AI solutions, explore partnerships with industry leaders, and contribute to the advancement of the aviation MRO industry.”

The programme will culminate in a main pitching and exhibition event in October 2024, where startups will have the chance to present their solutions to investors and LTP teams. Up to three ventures will be selected and invited to visit the LTP headquarters for in-depth negotiations and potential collaboration opportunities.

Interested applicants can sign up for the challenge before July 16, 2024, for AI-enabled solutions and September 3, 2024, for innovative MRO solutions here.

READ MORE NEWS: LTP completes its first 12-year check on a Lufthansa Airlines A380


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