Components to Examine When Hiring Global Aviation Asset Management Firms

Aviation infrastructure plays a critical role in the US and international transportation system. Through airports and other connecting modes of transportation, such as ground transportation, railways, and seaports, aviation infrastructure is an economic cornerstone for multiple airport stakeholders: airport sponsors (airports); direct users (passengers); commercial carriers; corporate and general aviation, service tenants such as FBO, MRO and ACM; other service providers and even non-travellers such as airport authorities, employees and visitors.

If your organization is considering professional management for global aviation asset management, there are many key points to consider.

The professional firms have directors with the breadth and depth of decades of experience leading airport facility management services for airports of varying sizes and complexity ranging from a small municipal general aviation airport to an international commercial hub. These are the components that should be reviewed in detail.

Start with breadth and depth of experience:

First, you must be diligent in learning about the number and variety of airports where the management team has a track record of proven experience. The more and more varied, the better. There are many different types of airports with different operating models and value chains. Differentiators such as commercial vs. general aviation, business vs. recreational market, domestic vs. International – All areas affect the requirements an Aviation Infrastructure Development Services Management company will need to consider for a custom solution.

Stagecoach Your history:

Experience is key in aviation, and you should look for a specialist who has the unique skills you’re looking for for your specific market situation. Many companies are known for their specialties: basic infrastructure, aviation services or terminal management. The companies are also known for their geographic expertise, as there are fewer private companies involved in airport management in the US. Look for aviation infrastructure management organizations that have many years of operational involvement in various economic cycles and regulatory climates. .

Look for tailor-made solutions:

The management organization you select should have the ability to create a tailored solution based on your specific market and competitive climate. If you need the management of service provider organizations such as FBOs, MROs or aircraft rental and management providers, you need a professional management company with extensive experience in these areas, as well as proven financial management.

Consulting with an experienced airport management company can help you understand the options available for management, from turnkey solutions to specialized features. Numerous organizations have airport management experience, both international and domestic, and this level of global experience may be necessary to help you maximize the value of your aviation properties.