GE Aviation has reached an agreement with BBAM Aircraft Leasing & Management to provide the AirVault Asset Transfer System across its fleet of over 500 aircraft across 90 airlines, with implementation commencing this month.
“We are thrilled to partner with the BBAM organization to help facilitate their mission-critical technical records coupled with enhancing their ability to strengthen their asset lifecycle management for aircraft transition optimization,” said Gib Bosworth, global lessor director for GE Aviation in an announcement.
BBAM will start using the system by December 2019 with a six-month evaluation. The move encourages web-based fleet maintenance across the aviation leasing market.
“We selected the AirVault Asset Transfer System to help achieve efficiencies in aircraft transitions by automating and digitizing critical processes,” said Declan Cotter, Head of Technical Operations at BBAM. “We also see the potential for benefits in project management and project communication between all parties during the transition phases.”
The Asset Transfer System is designed to simplify the way that leased asset documentation is managed between airlines and lessors by allowing operators to organize records in accordance with industry standard. The system enhances the efficiency of lease returns several ways by helping operators harmonize and standardize files, perform collaborative document reviews with their lessor partners, and transfer files through an intuitive digital user interface which includes SPEC 2500 functionality.
Bosworth added, “The ability to connect records and data across the global aviation community with the IT systems they use to manage their fleet will improve data availability and increase productivity.”