Managing your own private aircraft can be a costly expense, particularly if it’s not related to your core business. If you’re finding the costs of keeping your fleet in top shape to be prohibitive, maybe it’s time to look at the benefits of outsourcing your aviation management.
Accessing the right cabin crew when you need it can be a headache. Similarly, expert maintenance staff aren’t always around when you need them. By outsourcing your aviation management, you gain access to the firm’s range of contacts in crew, pilots, and maintenance. Because outsourced firms rely on economies of scale, you can pick and choose where and when you need staff, without relying on complicated contracts or long term salaries.
Outsourcing aviation management means drawing from a larger talent pool, offering a broader set of capabilities in staffing. Where in-house staff need to be trained in competencies and certifications (often at the expense of the business), outsourced talent pools can offer immediate expertise across multiple niches. For entrenched companies and startups this means faster turnaround times on new projects.
It’s well known that outsourcing can save you considerable costs on maintenance. Just how much? A recent article on Corporate Jet Investor told how one firm saved their client $50,000 within the first two days of managing their client’s aircraft. More than enough to cover a few years in management fees. Ways aviation management first can reduce your maintenance costs include:
Aviation outsourcing can save you on both insurance costs and coverage. An aviation management firm insures multiple fleets, giving them access to volume discounts and economies of scale. These cost savings are passed on to their clients, along with a better understanding of the type of coverage needed to properly secure their investment.
In-house management of aviation incurs ongoing costs to Human Resources related requirements. Performance management, leave, sick days, disciplinary action and moderation incur overheads to your HR department that can be costly and in many cases, unnecessary to your core business.
By allowing a professional aviation management firm to look after your needs, you're freeing up human resources to focus on strategically essential objectives, and eliminating unnecessary overhead. Just as importantly, a professional aviation management firm already has the structure in place to hire, manage, and train professional aviation experts.
By hiring an experienced aviation manager you now have a single funnel to manage all expenses. Free from the stress of multiple vendors, you’ll save time every billing cycle with a single itemised bill that outlines all expenses with clarity and purpose.
If your core business isn’t aviation how can you be sure you are getting the latest in best practice? Aircraft management requires up to date practices, ongoing certification, and impeccable attention to detail. Your relationship with a professional aviation outsourcer ensures continual access to best practice methodology.
Few industries benefit from improvements in technology like aviation. Better fuel efficiency, smoother, faster flights, and access to modern conveniences while at 40,000 feet are only achievable by staying up to date with the latest in air flight technology.
Because managed aviation services scale their operations, they are financially and technically positioned to stay up to date with the latest trends in technology. Outsourced aviation management also brings a high degree of experience and expertise to the purchase and deployment of new technologies.
For private jet owners there are substantial financial benefits to employing managed services for your vessel. You decide when your jet is available for hire while the charter service handles marketing, operations, sales and logistics. The end result is an overall net benefit, in some cases serious windfall, for the owner.
Aviation management firms employ strict and accurate compliance across their management portfolios. Compliance officers that work for aviation first are exposed to a wide range of circumstances, furthering their knowledge and experience, while in house teams can become complacent when dealing with the same regulatory framework year in year out.
Your aviation manager will also be able to advise you on future acquisitions if you want to add to your fleet. After all, they wouldn’t want to manage poor aircraft.
Using a professional aviation manager increases your odds of getting finance on your next purchase. Most aviation finance companies look for prospective clients that have an experienced manager in place. The aviation manager gives them peace of mind, and you get to draw on their wealth of experience in the aviation field.
Your safety is paramount. When it comes to aircraft management leave nothing to chance, go with a name you can trust. Luxaviation puts safety first, while providing superior logistics, operations, and cabin service. Get in contact today to discuss your aviation management needs.