Irishman to save airlines billions

THE sky is the limit for an Irish company and its boss after creating software that could save airlines around the world billions of euro a year by revolutionising the way they manage spare parts for their aircraft.

37-year-old Michael Armstrong from Drogheda, Co Louth, has developed computer software that will cut the $50 billion (€38.7bn) spent on aircraft maintenance every year by 40% or $20 billion.

It is called RIOsys, which stands for ‘Rotabale Inventory Optimisation Systems’. His company Armac Systems is on the verge of signing its first deal with a major international airline just four months after it began to market the software.