GE Aviation has teamed up with BBAM Aircraft Leasing & Management to provide the AirVault Asset Transfer System across a fleet of 510 aircraft including Airbus, Boeing and Embraer airplanes used by more than 90 airlines. The implementation is starting this November.
Furthermore GE Aviation has signed an agreement with Falko Regional Aircraft 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 in the fourth-quarter of 2019.
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.
