For many corporations, owning a private jet or jets is critical to their ability to be where they need to be anywhere on the planet at any given time. The challenge is often that while corporate executives are experts in their own fields, it would come as no surprise if they weren’t experts in the intricacies of looking after a sophisticated, hi-tech aircraft. Smart companies, surround themselves with smart suppliers. Here’s what they should consider when it comes to making sure their aircraft is properly managed.
Expertise and Specialization
Aircraft management is a highly technical endeavor that demands a wide range of people, expertise, and effort. From daily maintenance and operations to regulatory compliance and crew management, it can be a complex entity. Outsourcing aircraft management is often the best way to access the specialized knowledge of professionals who are well-versed in every aspect of aviation. These experts bring a depth of experience and specialization that ensures the aircraft is maintained at the highest standards, minimizing downtime, and ensuring a seamless operation.
Cost Efficiency
Owning and operating a corporate jet entails significant expenses, from maintenance and crew salaries to hangar storage and regulatory fees. By outsourcing aircraft management, corporations can streamline costs and eliminate the need for hiring an in-house team. In addition, professional management providers often already have established relationships with key maintenance facilities, fuel suppliers, and service providers, allowing them to negotiate favorable rates and pass on cost savings to the aircraft owner.
Regulatory Compliance
We don’t have to tell you that the aviation industry is governed by a myriad regulations and requirements that must be strictly adhered to. Staying up to date on the latest regulations and ensuring compliance can be a daunting task and is probably best left to an outsourced aircraft management team who live in this realm. This ensures that your corporate jet operates within legal parameters, avoiding potential fines or disruptions to operations, wherever it flies.
Reduced Administrative Burden
Managing a corporate jet involves a mind bending list of administrative tasks, including things like pilot availability, crew scheduling, training, maintenance record-keeping, financials, insurance… and the list goes on. Outsourcing these responsibilities to a dedicated management provider allows the company to focus on its core business activities without being bogged down by these administrative intricacies. An outsourced aircraft management company already has tried and tested systems in place to keep you flying.
Access to a Network of Resources
As we referred to earlier, professional aircraft management companies have an extensive network of industry contacts and resources in place to assist their clients. This network gives owners access to preferred maintenance facilities, skilled technicians, and quality suppliers. Leveraging these connections can lead to faster turnaround times for maintenance and repairs, ensuring that the aircraft can be in the air when you need it to be.
Enhanced Safety and Risk Management
Nothing is more important than safety when it comes to flying through the air in a highly technical (yet comfortable) rocket designed to move people around the globe. Outsourcing aircraft management to professionals with a strong safety culture can significantly enhance risk management. Choose an aircraft management provider who can demonstrate they have stringent safety protocols in place, ensuring that the aircraft is maintained, operated, and staffed by experienced and well-trained professionals.
Like many corporate activities, outsourcing aircraft management for corporate jets should be seen as a strategic decision as important as any other in the company’s operations. After all the right strategy always delivers the desired rewards.