The Important Experience and Services of Airport Management Firms

Aviation system management is a complicated subject and often requires ground-level expertise and experience. Most of the fixed-base operators and MROs often look for specialized companies that can deal with the needs of aviation infrastructure management. To be very precise, airport management is a complicated and extremely dedicated field of work, and only a handful of companies around the world have the experience, capability, resources and manpower to deal with the metrics and different elements associated with the field. Here are some of the aspects you should know about.

Why hire specialized firms?

The prime reason for hiring an experienced airport management firm is to bring scalability and expertise to a project. The management principles in aviation need to be extremely focused and accountable, and most stakeholders and investors want to see results and meaningful metrics in a clear and concise way. Airport management services are planned around these concepts, blending the elements of profitability, service and safety with airport infrastructure. Of course, the quality and essence of management also reflects extensively on the overall brand equity and value.

Deciding on services

1. Stakeholders and investors need to understand the management style and experience of a company before considering it for aviation infrastructure operations. It is important that a service provider has deep experience in the industry, which is highly regulated and extremely specialized to mitigate risks. If you are a stakeholder or want to hire a service provider for fixed-base operation management, make sure that you check their work profile in detail.

2. Secondly, the management style is also extremely important. Most of the known and recognized airport management firms work in extreme balance, taking regular feedback from all of the airport’s stakeholders. Apart from the basic feedback from customers and direct passengers, the company would take inputs and views of the relevant parties, such as airport vendors and sponsors. This may also include operational reviews, which are usually completed by comparing the benchmarks of the industry along with varied types of proprietary metrics that are relevant to the specific area of management.

3. Of course, airport management is an extensive field, so you need to know a service providing company’s capabilities. This can be anything from airport FBO, MRO and ACM management and operations, to facility management, capital project management services, operational audits, and custom managerial reporting packages. Some companies also deal with property, corporate and franchise training, which is important for many parties involved with the services, while specialized cost containment programs may also be offered for reducing operational expense. Some companies also have special preventative maintenance programs, which are intended to smooth maintenance and repair costs over time.

Depending on the needs of the stakeholders, the services of airport management can differ and can be customized to meet the airport sponsor’s management goals. Carefully diligence the experience and management of the company before taking the final decision. At the end of the day, airport management extends beyond just operations and requires more hands-on experience than regular management projects.

Components to Scrutinize When Engaging Global Aviation Asset Management Companies

Aviation Infrastructure plays a critical role in the U.S. and international transportation system. Through airports and other connecting transportation modes such as ground transportation, railroads and seaports, aviation infrastructure is an economic cornerstone for multiple airport stakeholders: airport sponsors (airports); direct users (passengers); commercial carriers; corporate and general aviation, service providing tenants such as FBOs, MROs and ACMs; other service providers and even non-travelers such as airport authorities, employees and visitors.

If your organization is considering professional management for Global Aviation Asset Management, there are many key points to consider.

Professional firms have principals with a breadth and depth of decades of experience who lead Airport Facility Management Services for airports of varying sizes and complexity ranging from a small municipal general aviation airport to an international commercial hub. Here are the components that should be reviewed in detail.

Begin with Breadth and Depth of Experience:

First, you should diligence the number and variety of airports on which the management team has a track record of proven experience. The more, and the more varied, the better. There are many different types of airports with different operating models and value chains. Differentiators such as commercial vs. general aviation, business vs. recreational market, domestic vs. international-all areas impact the requirements an Aviation Infrastructure Development Services management company will need to consider for a customized solution.

Diligence Their Track Record:

Experience is critical in aviation, and you should search for a specialist who has the unique abilities you are seeking for your specific market situation. Many firms are known for specialties-core infrastructure, aviation services or terminal management. Firms are also known for their geographic experience as there are fewer private companies involved in airport management in the U.S. Search for Aviation Infrastructure Management organizations that have many years of operational involvement across various economic cycles and regulatory climates.

Look for Tailored Solutions:

The management organization you select ought to have the capacity to create a bespoke solution based upon your specific market and its competitive climate. If you require management of service providing organizations such as FBOs, MROs or Aircraft Charter and Management providers you need a professional management company with deep experience in these areas in addition to proven financial management.

Consulting with an Experienced Airport Management Firm can help you understand the options available for management, from turn key solutions to specialized functions. Numerous organizations have international as well as domestic on-airport management experience, and this level of worldwide experience might be needed to assist you in maximizing the value of your aviation holdings.

Aircraft Management Services – You Need the Best

Not all aircraft management services are alike. While most will offer the basic services you will need, there are those who go a bit above and beyond the basics. Before deciding which company to use, find out all you can about them–and if they are able to provide what you want, instead of you having to settle for the standard services they offer. Remember, you have choices. And it is important to explore all of them before signing any agreements.

Things to Keep in Mind as You Search for an Aircraft Management Company

* How long has the company been in business? Startup companies can give you good rates, but they won’t have the experience you may require.

* What services other than the basics do they offer? Some extras will cost a bit more, but if they are important to you to have, it will be a good investment. Aircraft ownership is not inexpensive, to say the least, and pinching pennies when it comes to upkeep and other services makes no sense. Of course, you do want to make sure you are getting a fair rate.

* Make a list of the services and options you would like to have, along with a list of what you will not do without. This can help you narrow down the possibilities when deciding which company to use for your aircraft management needs.

* What are the qualifications of the staff they employ? All employees involved with your plane should be certified for whatever job it is they hold. Any company with less than complete professionals on their staff should not be used.

* What is their safety record? This is important, since the better the safety record, the safer your aircraft will be. Do a little digging and you will not regret it.

For the most part, the companies you are considering should have a record of their current and past clients, and what they have to say about the company in question. Ask for referrals before making your decision to be sure you will have the best experience possible.

Facilities and Services to Consider When Making Your Decision

* Heated hangar space

* Insurance against accident or other problems which may occur at competitive rates

* Supplemental or regular staffing availability such as flight crew that are fully trained and rated

* Dispatch services and flight schedule access for aircraft owners

There may be cases where you will want to make your aircraft available for charter services through the management company. Full accounting disclosure and the highest rate for aircraft owners would be necessary to look for in this endeavor. Choosing an aircraft management service that has fully qualified pilots and flight teams to run the charter flight can actually help to defray the costs of ownership of the aircraft.

Since the aircraft itself can be such a large initial investment, it only makes sense to protect that investment with the right aircraft management services for your needs. The corporate owned services may seem like the best option, but for flexibility in working with plane owners, a smaller, dependable company is the best bet.

Understanding Aviation Maintenance Repair and Overhaul (MRO) Management Better

The aviation industry is growing at a substantial rate, which certainly is good news for stakeholders, from passengers and airport sponsors to institutional investors and aviation service providers. Of course, the industry runs on services in many different segments, and one of the major services provided is MRO, or Maintenance, Repair, and Overhaul.

In this post, we will describe the kind of work that these service providers offer with regards to aviation maintenance, repair and overhaul management, and why this sector matters for operational success.

The need for MRO services

Regardless of the location, facilities and other services offered at an airport, the aviation industry depends on one major aspect – operational aircraft. Aviation maintenance, repair and overhaul management is all about aircraft servicing and management. Commercial airlines and private operators prefer to delegate maintenance tasks to specialized companies offering aviation maintenance. These companies have the necessary operational expertise and experience and also have a great depth of capabilities through their training, tooling and authorizations. These services are critical as projecting and managing maintenance schedules will determine whether aircraft will be operational and available to meet their mission requirements. With today’s increasing demand, MRO service providers are pertinent, necessary, and extremely relevant to keep aircraft and their passengers moving on schedule.

What do MRO management services offer?

As MRO service providers grow, the need for professional management increases as well. In most cases, maintenance and repair work is dependent upon a number of different requirements and regulations, and the nature of contracts with end users varies considerably. Owners and operators are focused on cost control, quality, and minimizing the downtime of their assets. They also seek to source more services from single source providers, e.g. MRO companies with a breadth of capabilities and authorizations which allows for more services to be provided during a single maintenance event.

Demand for aviation MRO services is driven by mandatory maintenance, which occur on fixed flight hour, time-based or activity based intervals. The combination of an aging fleet coupled with increasing utilization underpins the increasing demand forecast for the next 5-10 years. The need for aviation maintenance, repair and overhaul management will continue to increase, and as aircraft utilization continues to grow the need for such services will become more prominent in years to come. Consequently, it is important to choose a company that has the necessary experience and expertise for your particular maintenance requirements to meet your mission profile and keep your aircraft and passengers moving.