Global aircraft lessor AerCap will now apply GE Digital’s Asset Transfer System (ATS) for its fleet of 1,740 aircraft, 900 engines and 300 helicopters, with the aim to reduce documentation time by 32% per flight.
With an order book of more than 400 new technology aircraft, ATS can provide increased efficiency and enhance compliance which will aid AerCap’s 300 customers.
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ATS is a collaborative tool created to simplify and optimise the daily records management tasks carried out by airlines through two modules which include records management and project management.
Original equipment manufacturers (OEMs), maintenance, repair and overhaul (MRO) teams and airlines will be able to collaborate more effectively due to ATS’ ability to eliminate time-consuming operations that need copious quantities of documentation.
Andrew Coleman, general manager of GE Digital’s aviation software business, said: “We are thrilled that AerCap, the largest aviation lessor in the world, is using ATS to optimize operations across their global fleet of aircraft, engines and helicopters.”
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“Bringing increased efficiencies to aircraft transitions and maintenance record keeping is an important step forward in the aviation industry’s digital transformation journey. We are confident that AerCap’s customers will see a noticeable improvement in efficiency during transitions and maintenance record processing.”
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By GlobalDataIn reference to the GE Digital asset records portfolio, over 1.3 billion aircraft maintenance records are being maintained by GE, with over 50 customers which include airlines, lessors, cargo carriers and MRO teams.
In addition to this, Norway’s largest airline, Norwegian, implemented the ATS system to manage the technical records of their fleet.
AerCap Holdings is the industry leader across all areas of aviation leasing. With reference to their financial results in Q1 2023, AerCap CEO Aengus Kelly said: “AerCap’s strong earnings and robust cash flows for the first quarter of 2023 reflect the ongoing normalization of air travel and a return to business as usual for the aviation leasing industry.
“We continue to experience strong demand for our aviation assets and our confidence in the future is demonstrated by our new $500 million share repurchase program.”
