The administration, maintenance, and optimization of assets owned or controlled by aviation firms, such as airlines, aircraft lessors, and maintenance organizations is referred to as aviation asset management. It requires various approaches and procedures to guarantee that aviation assets, including aircraft, motors, and components, are efficiently used, properly maintained, and compatible with applicable rules.
The growth of low-cost airlines and the rise in air travel drive aviation asset management’s market share. Several companies have been vying with one another to take advantage of the market’s potential and win a sizable market share. Airlines are growing their operating fleet to accommodate consumer demand for regional origins. Significant brownfield and greenfield investments are being attracted by regional governments’ efforts to increase their manufacturing and operational capacity in the aviation industry, which has a favorable impact on the market’s growth.
Learn more about this topic by Straights Research as seen on straitsresearch.com.
Read the complete article here.
Looking for additional information on this topic? Register for the 2023 ASA Aircraft Asset Management Special Event to be held October 15 in Las Vegas prior to the NBAA Business Aviation Convention and Exhibition.
Disclaimer: The views, opinions or examples included in the linked article are those of the author and do not necessarily reflect an official policy or position of ASA or its members.