A number of different types of parties are involved in aviation management, from Fixed Base Operators (FBOs) and Maintenance Repair and Overhaul (MRO) to Aircraft Charter & Management (ACM) and airport infrastructure management companies. These companies either work on a specialized basis providing capability in one service area or may be “full service” and perform all of these functions. In recent years, the demand for different aviation management companies has only increased, which indicates that more interested parties such as private owners and operators, airport sponsors, and institutional asset managers are willing to outsource their requirements. Here are some of the important aspects of these management companies at a glance.
As mentioned, the roles of different aviation management companies can vary depending on the capabilities of the company and the demand for services at the airport on which it operates. These roles can include fixed based operations, which focuses on core line services such as the handling, fueling and hangaring of private aircraft or may also incorporate maintenance, repair and overhaul (MRO) work and aircraft management and charter (ACM). Many companies also provide ground handling services for commercial airlines at an airport or provide facility management on behalf of the airport sponsor itself.
An on-airport service provider will have the right to perform certain functions as spelled out in its lease although it may require FAA licenses and certificates as well. Some companies specialize in performing management functions for institutional asset owners such as private equity firms, family offices and other financial institutions. These asset owners are demanding and typically prefer professional management teams who have deep experience providing customized solutions with real time reporting in order to maximize the value of their aviation holdings.
When it comes to aviation management, expertise and experience are two aspects that cannot be ignored. If you are an aviation asset owner or someone who needs assistance for specific airport operations or facilities, you should diligence these two critical aspects for comparing services. A company with deep capability and a proven track record in management of aviation assets can offer industry leading best practices to ensure your assets develop and attain maximum value.
With aviation management services, it is critical to achieve customer satisfaction and operational efficiency at the same time in order to create value. Contact Global Aviation Infrastructure today to learn more about the work we do how we can help you maximize the value of your aviation holdings.