BBAM and GE Aviation sign asset transfer system agreement for leasing market

Darren Wood
By Darren Wood November 5, 2019 07:34

BBAM and GE Aviation sign asset transfer system agreement for leasing market

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 month.

“We are thrilled to partner with the BBAM organisation to help facilitate their mission-critical technical records coupled with enhancing their ability to strengthen their asset lifecycle management for aircraft transition optimization,” said Gib Bosworth, global lessor director for GE Aviation. 

BBAM will start using the system by December 2019, followed by a six-month evaluation.

“We selected the AirVault Asset Transfer System to help achieve efficiencies in aircraft transitions by automating and digitizing critical processes,” said Declan Cotter, head of technical operations at BBAM. “We also see the potential for benefits in project management and project communication between all parties during the transition phases.”

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 organise records in accordance with industry standard.

The system enhances the efficiency of lease returns several ways by helping operators harmonise 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. 

Darren Wood
By Darren Wood November 5, 2019 07:34