Coflyt Market Research Report
Company Overview
Name
Coflyt
Mission of the Company
Coflyt provides the leading software and app technology available in the aviation community for aircraft management, enabling intelligent aircraft ownership and #PilotPeaceofMind.
Founded
Coflyt, LLC was formalized in May of 2019.
Founders
- Tal Clark
- Eric Hill
Key People
- Tal Clark
- Eric Hill
- Stephen Rainey (CTO)
Headquarters
- 3 West Garden Street, Pensacola, FL 32502
- 419 E. Lampkin St., Ste 100, Starkville, MS 39759
Number of Employees
No information is available
Revenue
No information is available
Known For
Coflyt is known for its intelligent aircraft software that combines inspections, maintenance tracking, scheduling, and billing into a simple, mobile app designed to provide peace of mind for aircraft owners.
Products
Overview
Coflyt offers a suite of products through its mobile and web app, designed to streamline various aspects of aircraft ownership and management. It primarily focuses on maintenance tracking, flight scheduling, billing, and compliance with aviation regulations.
Product Descriptions
1. Maintenance Insights
Key Features:
- Instant monitoring of aircraft compliance with required inspections and maintenance guidelines.
- Ability to capture and monitor small mechanical issues (squawks).
- Visibility into mechanical issues before they become critical.
2. Aircraft Status
Key Features:
- Provides a comprehensive overview of aircraft compliance with inspections.
- Tracks required VFR/IFR inspections.
- Maintenance scheduling to ensure no inspections are missed.
3. Reservations & Scheduling
Key Features:
- Integrated reservation tools allowing aircraft owners to schedule reservations and flight times.
- Simple and straightforward booking process.
4. Manage Shared Aircraft
Key Features:
- Allows for digital flight log maintenance.
- Analyzes aircraft usage and maps flights.
- Centralizes flight logs for shared aircraft.
5. Manage Payments
Key Features:
- Simplifies financial management for co-owned aircraft.
- Tracks and invoicing of financial contributions of multiple owners.
- Integration with payment systems like Stripe for easy payment management.
6. Fleet Management Operations
Key Features:
- Tailored solutions for maintenance and charter operators.
- Centralized maintenance scheduling.
- Real-time updates and inspection tracking.
- Advanced custom intervals and reporting.
Recent Developments
Partnerships
1. Aircraft Spruce & Specialty Co. (April 7, 2021):
- Partnership to streamline needs of pilots with legendary aircraft supplier.
2. Verijet & Coflyt (March 11, 2021):
- Strategic partnership for Part 135 private charter operations.
3. ShareMyAircraft.com (June 11, 2020):
- Partnership to bring latest aircraft management innovations to pilots looking for aircraft sharing.
New Features and Integrations
1. Full Integration with Airbly Phoenix Aircraft Monitor (August 18, 2020):
- Integration with Airbly hardware to automatically log flight data.
2. Payments Management Feature (March 23, 2020):
- Introduced the ability for users to manage financial contributions within the platform.
Recent Product Launches
1. Coflyt Mobile App (December 16, 2019):
- Launch of the mobile app aimed at simplifying the process for pilots, airplane owners, and insurance brokers.
Industry Recognition
1. Ranked in “85 Best Aerospace Startups of 2020” (December 21, 2020):
- Recognized by StartupPill.com for innovation in the aerospace industry.
Funding
1. $500,000 Growth Round (May 26, 2020):
- Secured funding to scale the business.
Media Features
1. American Bonanza Society Magazine (March 16, 2021):
- Featured in the publication for providing peace of mind through aircraft management systems.
2. Innovate Mississippi (February 3, 2021):
- Highlighted for solving pain points in aircraft management with innovative software.
No further commentary is necessary, and the information provided is comprehensive and exhaustive according to the available data.
