Estonian-founded SkySelect, an AI-powered procurement platform, has secured $9 million in funding to modernise how airlines and maintenance providers source aircraft parts.

Airlines face mounting pressure to modernise legacy procurement systems that result in approximately $50 billion in excess parts inventory globally. When aircraft are grounded due to missing components, airlines scramble to procure parts through manual, fragmented processes that can take days or weeks. Aircraft-on-ground (AOG) incidents cost airlines around $30 billion each year. Airlines also carry more than $10 billion in excess inventory.

Optimising the supply chain with AI

Advancements in procurement technology are enabling airlines and maintenance, repair, and overhaul organisations (MROs) to reduce the number of shipments by up to 30 per cent while keeping fewer parts in stock. This minimises logistics costs and reduces carbon emissions, making operations more sustainable.

SkySelect uses specialised AI to match aircraft part requests with optimal suppliers across its network of thousands of vendors worldwide, providing real-time market visibility. This targeted approach enables just-in-time procurement, building operational resilience while reducing the need for costly safety stock. The company also partners with major ERP solution providers to streamline the end-to-end part procurement process through seamless integrations.

Growth and future

Since its launch, SkySelect has processed over $6 billion in transactions, with $1.3 billion completed in 2025 alone. The company is currently landing approximately one new major client per month, with recent additions including JetBlue, Sun Country Airlines, Air Transport Services Group, Widerøe, and Vueling. The investment will be used to enhance its AI sourcing and procurement optimisation tools, helping airlines and MROs build a more reliable, predictable, and sustainable supply chain. SkySelect plans to hire across product development, data science, and customer success in its USA, India, and Estonia offices.