What to Diligence before Hiring an Aircraft Charter and Management (ACM) Service Provider?

Every aircraft owner has their own set of custom requirements for their general aviation travel needs. One way in which general aviation aircraft owners may offset a portion of the fixed cost of ownership is to make their aircraft available for third party charter on an FAA Part 135 air carrier certificate.

Recent studies show that aircraft owners with multiple aircraft can expect better returns in terms of service and reduction in fixed cost after availing aircraft charter and management services. This is where the services of an aircraft charter and management specialist can help you optimize both your own travel for mission requirements and asset fixed cost reduction.

If you are an aircraft owner, consider hiring a professional aviation management company to assist with maximizing the efficiency of your asset. However, ensure you review these three areas before selecting an aircraft charter and management service provider in order to receive maximum benefit.

Experience in the Aviation Industry

Experience plays a key role in every industry, and that holds even truer for general and corporate aviation. Before hiring any company providing aircraft management and advisory services, you should ensure you conduct a thorough review of the provider’s experience relative to the services you require.

Begin by reviewing whether the company has provided services for the same type of airframe flying the same types of transportations missions as the ones you require.  You should also consider their capabilities as regards management of ancillary services, such as maintenance record management, provision of ground services, etc.

Only when you feel the company have the requisite experience, capabilities and capacity to meet your needs should you can engage them with the responsibility of managing of your aircraft.

Willingness to Provide a Bespoke Solution

A dedicated aircraft charter and management company should always provide the option of a customized management solution to meet the requirements of the aircraft owner. An aircraft owner should present his needs and mission requirements to the prospective charter company and receive a customized proposal. A critical element of the plan will be to show the proposed staffing levels and ratings which meet the needs of the owner at all times. Additionally, the ACM management company should develop a custom reporting package which provides the owner and his staff professionals (accountants, attorneys, etc.) the real time information they need for business and tax planning.

Capability to Provide Additional Assistance

Many professional Aircraft Charter and Management Company are not limited to providing just ACM management services. They may also provide Fixed Base Operations (FBO) management, aircraft Maintenance Repair and Overhaul (MRO) and aircraft sales and brokerage services.

If an ACM management company provides these additional services, the aircraft owner may benefit from lower costs from a full service general aviation services provider. The management company may also provide advisory and consulting services that an aircraft owner will find useful, including managing on airport facility development to meet the owner’s needs.

Global Aviation Infrastructure is a leading aviation management company which provides Fixed Base Operation (FBO), Maintenance Repair and Overhaul (MRO), Aircraft Charter and Management (ACM), and aviation infrastructure management for aviation asset owners, corporations, airport sponsors, private equity firms, family offices and financial institutions.

  • Posted by admin
  • February 08, 2019

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