FLYdocs global revenues grow by over 50% in FY 2016
By Jen Adams
01 July, 2017

Financial figures predict continuing success for the aviation data and records management digital innovator.

Aircraft data and records management software provider FLYdocs have announced business growth results and future projections following a hugely successful 2016. Business highlights from the rapidly expanding digital innovator demonstrate near exponential growth year on year.

Figures released this month saw FLYdocs revenues climb by in excess of 50% over the past 12 months, with 80% of this being accounted for by foreign revenue. Client growth reached 60% year on year, pushing global users of the FLYdocs platform to around 14,000 worldwide, up 40% year on year. With projections proving strong and the business model showing stability long term, FLYdocs are predicting revenue of £12-14 million in the 2019/2020 reporting period.

Additional highlights include strategic platform investment in a new Big Data Compliance-on-Demand product offering within FLYdocs that enables customers to cut the time to manage aircraft compliance by 80%, presenting savings that are likely to reach millions of dollars per annum. FLYdocs also secured a ground-breaking new global partnership agreement with Lufthansa Technik to maintain the rate of positive expansion.

The FLYdocs team of over 250 employees across 10 offices globally delivered $140 million in client cost savings, with over 500 contracted lease returns and audits in the pipeline and 140 aircraft delivered on time or ahead of schedule within the year – a 40% increase year on year – to maintain FLYdocs’ proud and unique record of delivering every aircraft transitioned through the software platform fully on time.

FLYdocs CEO Adrian Ryan commented:

“We’ve worked incredibly hard to provide a first-class service to our clients worldwide and our growth and expansion figures show the results of our endeavours. What’s exciting for us is that the digital market is still widely untapped with paper-based lease returns being our largest competitor. We’ve focused on ensuring that the FLYdocs platform is by far the most advanced records, data and aircraft transitions solution available in the marketplace, and industry feedback has been extremely positive. With our unwavering commitment to developing new, disruptive integrated functions and solutions for our clients that really deliver, including our offer of full technical services to guarantee on-time lease returns for every client, I have no doubt that we will continue to go from strength-to-strength. The next 12-18 months will see FLYdocs disrupt the worldwide asset-management software space, as well as delivering some hugely exciting new functions around predictive maintenance, intelligent data modelling and automation.”

A snapshot

The following infographic gives a snapshot of our FY 2016 results and strategy:

FLYdocs global revenues grow by over 50% in FY 2016 FLYdocs

What they said

  • FLYdocs has successfully completed lease return projects for Wizz Air in the past, which gave us great insight into the power of their system. Now with full access to FLYdocs®, we have the right platform to manage all of our records across the entire portfolio.
    - Heiko Holm, Technical Director, Wizz Air
  • We can instantly see a project status, identify queries and delegate team members to respond to them all within the system. This detailed visibility provides us with every confidence in our ability to successfully redeliver this large number of aircraft in such a short period of time.
    - Jan De Meyer, Technical Representative & Records Manager, Brussels Airlines
  • We expect the FLYdocs® system to facilitate smoother aircraft lease returns, through benefits such as the structuring of and access to our maintenance records.
    - Rob Saunders, Manager Engineering Development Cathay Pacific Airways
  • We have already enjoyed the benefit of cost and time savings involved with researching historical information – what used to take days to complete, now takes mere seconds to search and find documentation.
    - Jim Landers SVP- Technical Operations Hawaiian Airlines
  • The FLYdocs document audit was very comprehensive and captured a lot of discrepancies that might have otherwise been missed during a physical on-site documentation review. Once in a digital format, it was very quick and easy to locate a required document or piece of information.
    - Dean Pang, Engineering Executive at SilkAir
  • FLYdocs® allows us to be prepared and in a proactive position instead of reacting to document findings from a lessor just before the physical inspection starts. The feedback from the lessors is always positive as they can review the documents online and on different remote locations.
    - Werner Reiser Senior Manager Phase Out Program SWISS International Air Lines Ltd
  • We are excited to be moving to a new digital way of working that will transform our current engineering practices and we ensure that we deliver against our ambitious asset transition programme, keeping us and our fleet at the forefront of aviation in Europe.
    - Cemil Sayar, Director Technic, SunExpress
  • FLYdocs not only brings a leading software solution but also specific expert knowledge in the area of commercial aviation records management.
    - Rob Saunders, Manager Engineering Development Cathay Pacific Airways
  • The visibility and advanced electronic real-time audit functionality across both the records and aircraft physical inspection sides of the process have allowed Virgin staff, our MRO partners and the lessors, lessees and aviation authorities involved in the process to pro-actively manage each delivery with ease.
    - Rick Daniels Information Services & Airworthiness Records Manager Virgin Atlantic Airways
  • The platform’s superior functionality will provide us ease of use and multi-user web access to technical aircraft records from anywhere in the world.
    - Justin Goatcher, CDB Aviation, Head of Asset Management
  • The platform will bring much more versatility and control across the entire audit and transition process. We are also excited by the improvements it will make to our aircraft remarketing and trading performance too.
    - Rich Poutier, Chief Technical Officer, MCAP
  • We were impressed by the technical capabilities of the FLYdocs® platform. We contracted FLYdocs to manage the complete project from scanning to audit, and have the FLYdocs team to thank for their hard work and expertise.
    - Barry Keenaghan, Project Manager, NAC

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