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Cordiem was created from the merger of airline initiative AirNewCo and manufacturer-owned MyAircraft.com. Cordiem, headquartered in Washington, D.C., United States, then Tyson's Corner, Virginia, then Arlington, Virginia provided the aviation industry with e-business solutions comprising supply chain management, e-procurement and engineering services.
The founding owners of the company were Air France, American Airlines, BFGoodrich, British Airways, Continental Airlines, Delta Air Lines, Honeywell International, Iberia Airlines, SAirGroup, United Airlines, United Parcel Service and United Technologies. The company ceased business operations in February 2003, following the downturn in the aviation industry. More specifically, because American Airlines was unwilling to renegotiate the value of its percentage holdings to allow for a financial restructuring and additional investment from the other partner airlines.
