Summary Points:
- The companies aim to increase productivity and cut manufacturing costs through improved maintenance scheduling, inventory optimization and automated workflows.
- FTAI expects AI-assisted decision making to speed production turnaround times, improve unit economics, and challenge traditional maintenance, repair, and overhaul models.
- Palantir leaders say the partnership demonstrates how AI can enhance performance and operational efficiency in the global engine aftermarket.
DENVER - Palantir Technologies, a provider of artificial intelligence (AI) software in Denver, and FTAI Aviation Ltd., an aircraft engine maintenance company in New York, announced a multi-year strategic partnership that will allow FTAI to use Palantir's Artificial Intelligence Platform (AIP) across its global maintenance footprint.
Palantir says its platform is helping FTAI improve productivity and reduce manufacturing costs by enhancing maintenance scheduling and inventory optimization. The companies said the effort includes modernizing FTAI's internal supply chain and adding efficiencies through automated workflows, rapid asset allocation, and dynamic procurement strategies.
With AI-assisted decision making, FTAI aims to accelerate production turnaround times and improve unit economics to deliver additional cost savings for customers. The company expects the technology to support its effort to challenge the traditional maintenance, repair, and overhaul (MRO) shop-visit model and increase production capacity as demand grows.
Related: Archer Aviation, Palantir partner on AI for next-gen aviation
"At FTAI, we have long prioritized technology as a key driver of productivity since the launch of our Maintenance, Repair, and Exchange offering," said David Moreno, chief operating officer of FTAI Aviation. "As our customer base continues to multiply, accelerating the integration of advanced technology into our operations is essential. We are excited to partner with Palantir to harness AI and transform engine maintenance for the world's most widely used commercial aircraft. The initial results in our facilities have been impressive, and AIP will play a critical role in achieving our long-term goal of 25 percent industry market share and enhanced value for our shareholders."
"We are excited to partner with FTAI and showcase how our AI platform drives faster decisions, enhanced productivity, and optimized performance," said Ted Mabrey, global head of commercial at Palantir Technologies. "FTAI is at the cutting edge of process and operational efficiency, making them an ideal partner to take to the next level with our AI solutions. By integrating Palantir's advanced AI capabilities with FTAI's innovative approach to maintenance, repair, and exchange, we will help FTAI further transform how it serves the global engine aftermarket."
