Falko and GE Aviation Sign Asset Transfer System Agreement
Operations Streamlined with Digital Records and Project Management System
Austin, TX – November 5th, 2019 – GE Aviation has signed an agreement with Falko Regional Aircraft Limited to provide the AirVault Asset Transfer System across its portfolio of Regional Aircraft including Bombardier, Embraer, BAe Systems and ATR airplanes. The implementation is expected to start Q4, 2019.
“Falko’s fleet is constantly evolving to meet their customer needs. We’re helping them to streamline technical records to enhance their ability to strengthen their asset lifecycle management across the fleet,” said Gib Bosworth, global lessor director for GE Aviation.
“We are excited to partner with GE’s AirVault Asset Transfer System in order to complement Falko’s exiting Continuing Airworthiness Management Organization to manage the transfer of aircraft records between Lessor and Lessee. The platform offered by AirVault ATS will help consolidate large amount of data and significantly enhance our ability to support new and existing customers” said Ian Dear, VP Technical Operations for Falko Regional Aircraft Ltd.
The Asset Transfer System is a collaborative tool that streamlines and simplifies the way that leased asset documentation is managed between airlines and lessors by allowing operators to organize records in accordance with industry standard. The system enhances the efficiency of lease returns several ways by helping operators harmonize and standardize files, perform collaborative document reviews with their lessor partners, and transfer files through an intuitive digital user interface which includes SPEC 2500 functionality.
Bosworth added, “The ability to connect records and data across the global aviation community with the IT systems they use to manage their fleet will improve data availability and increase productivity.”
Falko is an aircraft operating leasing company focused on the regional aircraft sector. It is one of the longest standing and largest managers of regional aircraft globally, having acquired 140 aircraft with a total value of $2.0 billion since its expansion into all regional aircraft types in 2013. Falko’s strategy is focused on growing its portfolio of funds and aircraft under management and the continued development of products and services in support of its aircraft lease management activity. For further information visit www.falko.com or follow us on Twitter: Falko_RA
About GE Aviation
GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of commercial and military jet engines, and avionics, digital solutions and electrical power systems for aircraft. GE is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.geaviation.com/digital. Twitter @GEAviation