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Aircraft Asset Management
We provide a dynamic aviation team with a fresh and distinctive approach
enabling us to react to clients needs in the most cost effective way.
A
significant and not un-noticed Achilles heel to the majority of asset owners is
the lack of regular interface with the lessee / user and a failure to undertake
due diligence, operational standards audits and appraisals on the carriers /
users throughout the full term of the lease period.
A
further weakness is that within the majority of asset owning organisations there
is a lack of operational, commercial, technical aviation experience and
qualifications.
The full ramifications of which are that warning signs of poor operator
performance within the commercial, operational and engineering divisions of a
carrier go unobserved until the situation runs critical.
A basic and incorrect assumption made is that any redress of grievance would
be resolved either by persuasion or through a legal process. However the globe
is littered with failed carriers and grieving Lessors who wear the scars of
bankrupt carriers, repatriated abused neglected assets, reserves payment
shortfalls, outstanding lease payments and impounded assets pending release by
the liquidators and courts.
Litigation is expensive and in the case of a bankrupt, liquidated or
insolvent company it is a fruitless task shadowed by loss of revenues,
impounding of assets. Default management is costly and time consuming and can be
avoided by a more proactive approach.
In specific, the asset owners need to
focus regularly on:-
1
Verification and monitoring of “on time” payments for aircraft
reserves and lease payments.
2
Maintenance mirroring to ensure all required activity is duly
carried out on time and within budget.
3
Non competitive purchase of components by the lessee which
contributes to the rapid depletion of reserves. This subsequently creates
financial shortfalls that the Lessor can find itself digging deep into its
pocket to compensate for.
4
Comprehensive and regular un-announced Audits and checks of the
operator / lessee that encompass scrutiny and reporting on:-
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Asset inspection – Survey
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Operational Appraisals
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Technical appraisal
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Asset condition and status
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Aircraft inspections &
Audits
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Assessment of available
tools, services and facilities
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Financial performance
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Quality Management Audits
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Lessor management
competence.
5.
Having available specialist technical support to expedite repossession
and recovery of assets where clients are found less than fit to continue
operating the aircraft.
The more proactive
Lessor / asset owner would also consider more intrusive oversite prevention methods
by:-
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Maintenance and technical
records mirroring,
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Maintenance tracking, and
planning & monitoring of AWN / SB compliance and component tracking.
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Real time Financial
performance monitoring
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The provision at the cost
of the lessee of an on site Field Representative.
The costs of such service are minimal in comparison with
the losses incurred within the industry to date.
One World Aviation management Ltd is able to provide
comprehensive asset management and oversite services to ensure such situations
going do not go un-noticed.
For comprehensive identification of our “Core Activity
building blocks” please refer to the Aircraft
Asset Management document.
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