Maintenance and Modifications
IATA's New Parts Portal Meant to Shave Procurement Costs
Creators designed the IATA MRO SmartHub for more accurate assessment of fair market value of parts.

The International Air Transport Association has launched an online tool designed to reduce over-payments for aircraft parts called MRO SmartHub, the industry group announced Monday. Designed to make the assessment of fair market value (FMV) more accurate, the platform will allow subscribing airlines and maintenance, repair and overhaul (MRO) providers to transparently list items to buy and sell online.