Capabilities of Aviation Consulting Services

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Aviation consulting services, as the name
suggests, is the name used for aviation specific
consulting services across many types of
aviation, including commercial, military and
general aviation. These types of consultants are
important to institutional capital owners as they
are known for providing solutions to complicated
and technical issues.
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They are also known for their experience and
ability to bring industry leading best practices
to independent owners of businesses. Apart from
this, they are also assigned to the duties of
overlooking the air traffic supervision
procedure. Experience and a proven track record
are critical in determining whom to engage as an
aviation consultant and advisor. Below we will
review some of the function areas which are the
most important.
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This is one of the core elements of an aviation
consultant. For institutional aviation asset
holders, it can be a challenge to determine where
to increase efficiency, institute cost saving
initiatives or invest with the greatest impact.
Industry veterans can advise and consult in these
areas efficiently, and save precious resources
searching for answer. Proven aviation management
companies can be a force multiplier for value
creation.
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Most on-airport aviation businesses have
significant capital assets, thereby requiring
diligent oversight and up keep. The range of
assets can vary greatly, from core infrastructure
such as runways, taxiways and roads to
sophisticated terminals and special purpose
facilities.
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Continuous management, preventative maintenance,
repairs and improvements are key focus areas to
assuring performance through the airport
lifecycle. While the technical aspects of much of
this work can be handled by relevant experts in
design, civil and structural engineering, there
should be an overall manager who can approach
these projects from a business and investment
perspective.
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One area of potential competitive advantage is
real time operational and financial reporting.
In order to achieve this type of market position,
the correct Information Technology (IT) must be
in place to track Key Performance Indicators
(KPIs) in real time and deliver them to
operational management in a manner which delivers
critical tools for informed decision making.
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With enterprise wide IT infrastructure in place,
real time operational and financial reporting
drives several benefits. First, as previously
discussed, it provides operational management
with the relevant data to manage the business. It
also allows other stakeholders to see appropriate
reporting in a timely manner. Finally it can
drive strategic long term decision making through
the use of data mining and predictive analytics.
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The final thought is that experienced aviation
consultants with proven track records over
multiple market cycles are able to add value
through their advisory and management work for
family offices, private equity firms, and other
institutional equity aviation asset holders.
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