Lifecycle Asset Management
Aviation asset management, from phase-in to phase-out
Lifecycle Asset Management (LAM) is powered by flydocs and designed to help airlines manage their assets from acquisition right the way through to phase-out.
If you’re looking for a way to avoid unplanned costs, mitigate commercial & compliance risk and improve asset utilisation, let’s dive into what LAM can do for you.
With Etihad’s mission to digitally transform its operations and with flydocs’ innovative approach to digitisation of aircraft maintenance records and their LAM solution, the airline is optimistic that this partnership would enable its organisational growth with the highest levels of efficiency. Etihad looks ahead to tracking its lease conditions against real-time aircraft configurations and managing them effectively through greater visibility.
Etihad Airways
Save up to
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Reduce risk
Safeguard against commercial and compliance risks to protect asset value throughout its lifecycle. -
Remove guesswork
Scenario and forecast modelling facilitates data-driven decisions about how to futureproof your fleet-wide assets. -
Take control
Compare real-time engineering data with your lease conditions, allowing you to effectively plan, save time and avoid unplanned costs. -
Smooth transitions
When it’s time to redeliver the aircraft, integrated data sharing and notification of major events keeps all teams on the same page.
How LAM works
LAM combines your technical records and lease condition documents with live operational data – that’s anything from engineering stats to record status and HT/OCCM listing – to produce powerful real-time dashboards and personalised insights.
By bringing together this wealth of information into one cloud-based platform, Technical and Engineering teams can effectively plan ahead for maintenance tasks throughout the aircraft lifecycle. With both current status and predicted scenario modelling tools, you can maximise asset utilisation and optimise fleet planning, while avoiding compliance issues.
When it comes to Commercial and Finance teams, you can access real-time and predicted financial data, without manual record tracking or complex spreadsheets. Breathe a sigh of relief, safe in the knowledge that you have a single source of information between teams, and concentrate on protecting your assets value and minimising commercial risk.
Through increased efficiency and optimised maintenance events throughout the asset lifecycle, you’ll be able to reduce out of service time, maximising revenue at the end of lease by up to £900k per lease cycle.
- Real-time data dashboards, plus forecasts and scenario modelling
- Lease management, enabling better compliance management throughout the asset lifecycle
- Trackable history of every major component
- Utilisation management, with one-click approvals
- Maintenance timeline with automated critical event reminders
- Predictive reporting for future maintenance events and costs
- Trackable maintenance reserve (MR) claims and auto-updated MR fund balance
- Integrate historic asset data for clear history of major assemblies
- Integrate with digital records management application for real-time contract vs status comparisons
We’re already looking at the next steps of development with the flydocs team, which for us is great interest in the Lifecycle Asset Management module.
Virgin Atlantic
Why flydocs?
With over 500m live records across 7,500 aircraft under our belt, we’re trusted by many to store data in the most efficient way possible.
This also means we understand the value that leveraging this data can bring to your airline, both in terms of real cost savings (say goodbye to hefty transition penalties!) and predictive insights to maximise operational efficiencies.
Over 75 airlines have chosen us since 2007: will you join them?
