Objective
With an average net margin of a mere 5.6% and considering that Airlines´ P&L is composed in average by 70% Direct Operating Costs (DOC) [fuel, ground handling, airport taxes, navigation taxes, crew], today airline companies must exercise more cost control than ever.
However the harsh reality is that airlines are not even able to know what the real direct operating costs of their airplanes are. Airlines still work with technologies and processes of the past century. This makes impossible for a company like Easyjet to analyze its +7M monthly expense items against actual incurred costs. So two out of five invoices from suppliers can’t be verified and are directly paid.
Taking into account that an airplane like an Airbus A320 has operating expenses of approximately €4.7M per year, and with estimated current overpayments in the industry of between 0.5% and 2.5%, the potential savings per plane are between 84K€ and 136K€ annually.
Our innovation, SHOGANAI, is the first solution in the market that installs a hardware device in the airplane to control its operating costs in real time and achieve such savings. This is a worldwide novelty and a huge business opportunity.
Our proprietary hardware connects to the data buses of the aircraft. Our Cloud infrastructure receives, parses and stores all the transmitted raw operational data, verifies its reliability and calculates the different cost categories items. The airline’s finance and operational teams then have access to SHOGANAI’s real-time dashboards.
To make the service secure, reliable and ultimately trusted, all data captured by our hardware is recorded in a blockchain ledger/registry. By leveraging blockchain technologies, SHOGANAI aims to become the trusted l so that airlines and vendors/suppliers automatically conciliate invoices on the basis of smart contracts and real-time DOC data.
The founding team of Airplane Solutions is composed by professionals with extensive experience in the airline industry.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- engineering and technology mechanical engineering vehicle engineering aerospace engineering aircraft
- natural sciences computer and information sciences computer security cryptography
- social sciences sociology governance taxation
- engineering and technology environmental engineering energy and fuels
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.3.4. - SOCIETAL CHALLENGES - Smart, Green And Integrated Transport
MAIN PROGRAMME
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H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)
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H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-2 - SME instrument phase 2
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-SMEInst-2016-2017
See all projects funded under this callCoordinator
Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
08022 Barcelona
Spain
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.