GCP has backed FLYdocs, a provider of paperless aviation records software to commercial airlines and aircraft lessors.
Headquartered in Tamworth in the UK and founded in 2007, FLYdocs also has operations in India, the Philippines and the US. The company, headed by chief executive Adrian Ryan, runs its technology off a software-as-a-service platform.
“With its focus on market-leading software functionality and in-house aviation engineering expertise, FLYdocs clearly has huge potential for further expansion,” GCP investment director Richard Shaw said. “The market is at a clear point of change when it comes to the transition to paperless records management and aircraft lease transfers.”