Ownership 2.qxp_Finance 19/04/2022 11:19 Page 1
OWNERSHIP
Who’s Managing Your Aircraft Management Company? Having placed your business jet with an aircraft management company, does it mean you should simply sit back and enjoy the ride? René Armas Maes highlights why keeping a firm handle on the management company, and playing an active role, pays… n Business Aviation, there are three very expensive mistakes people could make when evaluating their lift requirements. These include poor aircraft selection, underestimating the impact of residual value, and a poor choice of aircraft management company. The first two errors can be minimized by having a thorough understanding of your travel needs (see ‘How to do a Corporate Travel Profile Analysis’, p58, AvBuyer, November 2020, and ‘Eight Steps to Evaluate Business Aircraft’, p48, AvBuyer, October 2020). The third error, requires due diligence, benchmarking, along with
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56 Vol 26 Issue 5 2022 AVBUYER MAGAZINE
having initial and follow-up audits. Which value-added metrics should be used for such audits? At the bare minimum, an aircraft management company should be able to provide maintenance and management services, flying and operating your aircraft. Services should be carried out in a professional way, and the aircraft management company should help you to reduce your operating costs, ultimately, due to its large fleet size which enables it to take advantage of volume pricing in key areas such as fuel, insurance, and training, to name a few. www.AVBUYER.com
