Components to Scrutinize When Engaging Global Aviation Asset Management Companies2 min read
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.