Keywords
Citation
(2001), "Venture establishes corporate identity", Aircraft Engineering and Aerospace Technology, Vol. 73 No. 4. https://doi.org/10.1108/aeat.2001.12773dab.024
Publisher
:Emerald Group Publishing Limited
Copyright © 2001, MCB UP Limited
Venture establishes corporate identity
Venture establishes corporate identity
Keyword: Cordiem
It is reported that nine global airlines and three aerospace manufacturers have united to form Cordiem, LLC, thought to be the aviation industry's first business-to-business (B2B) exchange and application services provider jointly owned by buyers and sellers. Cordiem™ (pronounced corDEE-em) builds on the previous efforts of AirNewco, an airline-led B2B initiative, and MyAircraft, a manufacturer-led exchange. AirNewco and MyAircraft said last October that they would explore the opportunity to create a jointly owned, independently managed exchange for streamlining the $500 billion industry's supply chain.
Based in Washington, DC, Cordiem's founding aviation members include Air France, American Airlines, BFGoodrich Co., British Airways, Continental Airlines, Delta Air Lines, Honeywell International Inc., Iberia Airlines, SAirGroup, United Airlines, United Parcel Service, and United Technologies Corp. Because of its joint buyer-seller ownership, the independent company believes it is uniquely positioned to create a robust collaborative trading platform based on a shared set of standards.
The new company's name reflects its mission. Derived from "core", the central or most important part, and "diem", Latin for day, Cordiem plans to sit at the heart of aviation's supply chain, providing a reliable Web-based network where aircraft operators, suppliers and repair centers can gather daily to conduct e-business on a level playing field.