The U.S. and global transportation systems heavily rely on aviation infrastructure. Airport stakeholders include airport sponsors (airports), direct users (passengers), commercial carriers, corporate and general aviation, service-providing tenants like FBOs, MROs, and ACMs, other service providers, and even non-travelers like airport authorities, employees, and visitors. Aviation infrastructure is a key component of the economy for all of these airport stakeholders.
There are several important factors to take into account if your firm is thinking about hiring professional management for Aviation Asset Management.
Professional firms have leaders who lead Airport Facility Management Services for airports of varied sizes and complexity, from a tiny municipal general aviation airport to an international commercial hub. These principals have a range and depth of decades of expertise. The parts that need to be thoroughly examined are listed below.
Start with experience depth and breadth:
First, you should investigate how many and what kinds of airports the management team has experience with. The more variety and quantity, the better. There are numerous different airport types, each with a unique operating model and value chain. Differentiators include commercial vs. general aviation, business vs. leisure market, and domestic vs. international—all of these factors have an impact on the needs a management firm for aviation infrastructure development services will need to take into account for a tailored solution.
Due diligence Their Portfolio:
Aviation experience is crucial, therefore look for an expert with the relevant skills you need for your particular market circumstance. The core infrastructure, aviation services, or terminal management are among the expertise of several businesses. Since there are fewer private corporations engaged in airport administration in the United States, companies are also known for their geographic expertise. Look for firms that have been operationally active for a long time across a variety of economic cycles and regulatory environments.
Find Customized Solutions:
The management company you choose should be able to develop a custom solution depending on your particular market and its level of competition. You need a competent management firm with extensive experience in these fields in addition to demonstrated financial management if you need management of service-providing businesses like FBOs, MROs, or Aircraft Charter and Management companies.
You can better grasp your management alternatives, from turnkey solutions to specific duties, by consulting with an experienced airport management firm. Many companies have both local and international on-airport management experience, and this degree of experience may be required to help you maximize the value of your aviation holdings.
For aviation asset owners, corporations, airports, private equity firms, family offices, and financial institutions, IBM Maximo for Aviation Infrastructure is a leading aviation management company that offers Fixed Base Operation (FBO), Maintenance Repair and Overhaul (MRO), Aircraft Charter and Management (ACM), and aviation infrastructure management.