What is aircraft asset management?

Aircraft asset management is a programmatic method of proactively managing the parts, services, and costs involved in maintaining one or more aircraft across each aircraft’s useful life, from initial acquisition to final disposition.

It is especially effective when used as part of an operator's ongoing relationship with an MRO partner. Ideally, the program is customized to fit the management structure of the owner of the aircraft(s) – an airline, for example – to ensure smooth integration with their systems.

Maintaining an aircraft across its effective lifespan is an expensive undertaking under any circumstances – especially a large commercial aircraft. And if an airline has an entire fleet of airliners to keep airworthy, the need for shrewd, orderly management of the maintenance assets becomes paramount.

The overall objective of aircraft asset management is to lower ownership costs, upgrade aircraft performance, extend aircraft service life, and to provide more accounting flexibility, including changing capital expenditures into easier-to-manage operating costs. It also has the benefit enhancing aircraft safety through part tracking and verification, as well as protecting aircraft residual values.

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