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FLYdocs launches Aviation Asset Management Platform
By Katrina Dixon
09 April, 2019

FLYdocs launches Aviation Asset Management Platform

to provide Lessors & Airlines with the most precise and accurate control over asset leases and finances.

Staffordshire UK, 9th April – FLYdocs, the aviation data and digital records management solution provider, today announced the official launch of its new Asset Management Platform at MRO Americas 2019. In leading the digital innovation charge in aviation software, FLYdocs is taking a huge step forward in helping lessors and airlines realise the full benefits of embracing a paperless future.

Within the cloud-based Asset Management Platform, lessors have instant access to the most business-critical information regarding the contractual obligations of their lessees to ensure ongoing compliance. Additionally, users can also tap into the data they need to manage and protect the value of their aircraft and engine portfolios throughout the term of the lease. Airlines not building up external Maintenance Reserves benefit from being able to more accurately predict Maintenance Event Intervals/Cost and budget for them through their own internal accruals.

Key features of the FLYdocs Asset Management Platform include:

  • Asset management to track the history of every major assembly, including utilization, shops visits, and engine/APU LLP snapshots;
  • Lease management, capturing essential core lease data, including contractual terms and events, to effectively manage lease compliance throughout its life;
  • MR and EOL compensation to record current MR and EOL rates along with their escalation process, while MR claims are managed, and MR funds are tracked;
  • MR and EOL compensation forecasting, encompassing advanced event forecasting (interval, timing, and cost) and cash flow predictions;
  • Reporting and Dashboards utilizing advanced reporting and mobile-optimized dashboards for managing a portfolio interactively in real time; and
  • Event management, including automated reminders of critical events such as insurance schedules, annual rate escalations, and utilization reporting.

Mark Hadfield, FLYdocs’ Head of Asset Management comments:

“One of the largest challenges for lessors and lessees has been the inability, using current software, to accurately forecast maintenance reserves and end-of-lease compensation, which can have a major impact on business health and asset value. That’s until now! Using real-world expertise from within the FLYdocs team, we’ve built the most advanced algorithms for calculating precise and accurate maintenance reserve and EOL compensation cash flow forecasts to help reduce risks and allow users to make financial decisions with confidence.”

André Fischer, CEO of FLYdocs adds:

“Our aim is to provide a holistic approach to digital data management, and so we’ve built this new Platform using the same source technology and database as our Aircraft Records Management Platform. This deep integration of lease, asset, records and financial data – unmatched by any other existing solution – provides our clients with unrivalled control over their assets and operations.”

FLYdocs will be exhibiting at MRO Americas, taking place at the Georgia World Congress Center in Atlanta, Georgia, USA on 9 – 11 April. To schedule a demo, please contact info@flydocs.aero or visit their team on Booth #2425.

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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