Acumen Aviation, a leading Aircraft Asset Management Services company has eleased its 2021 Operational Review.
Throughout a challenging year Acumen managed to find flexible and innovative ways to support its clients. Its global reach helped provide localised support where needed, proactively responding to fluid and diverse market requirements. Acumen continued to develop its capability as an asset management company providing services including aircraft sourcing through to trading and remarketing, whilst at the same time maximising the use of its state-of-the -art in-house asset management system “SPARTA”.
Acumen continued to advance in the areas of lease management, trading and remarketing with 17 aircraft now under management, two aircraft being traded and proposals under final consideration for aircraft remarketing. Acumen also developed its mandates with partners for aircraft acquisition, a key element of which was the development of its human resources with particular emphasis on aircraft valuation, considered to be an integral part of the acquisition process.
Acumen’s digital business has continued to be rewarded through the sustained and increased growth of its popular asset management platform, SPARTA, growing its services with existing clients including Regional One, to support its entire fleet, comprising of more than 170 aircraft, engines and other major assemblies and new clients including Capgemini Engineering, who chose Acumen’s SPARTA Enterprise Asset Management software solution to support its aeronautics division. In December a revamped version of SPARTA was released, adding new online applications including the Valuation app, fin-S together with a new CommVerge app, giving clients the ability to compute financial exposure and simulate complex scenarios in a fraction of the time.
Acumen’s Technical Asset Management (TAM) undertook a major fleet review comprising both the Air India and Air India Express aircraft, totalling 150 commercial aircraft, which formed part of the sale process of the airline during the year. Acumen’s footprint in the Indian market continues to grow with the establishment of its office in GIFT City, Gujarat and domain expertise with the launch of ‘Knowledge Report on Leasing and Financing Aircraft in India’. The new entity will provide aircraft financing activities to airlines in India and abroad, thus spreading its wings further into total aircraft asset management.