- Software modernizes the way aircraft lessors manage leased asset documentation
- After trial, lessor realized more efficiency, increased project visibility, and lower costs related to managing aircraft transitions
FARNBOROUGH, UK – JULY 20, 2022 -- GE Digital today announced that BBAM Limited Partnership (“BBAM”) has chosen Asset Transfer System™, a software package that helps streamline and simplify the way leased asset documentation is managed between airlines and lessors. With two modules, records management and project management, lessors can help drive efficiency through the lifecycle of a leased asset while maintaining compliance with document storage.
The records module of Asset Transfer system is designed to allow users to organize, view, search, retrieve, download, and transfer documents digitally while supporting records compliance. The project management module enables users to create projects, view dashboards to see project status, view status of multiple projects in parallel, and interactively manage the lessor checklist status of required documentation. The module has a modern interface that provides clear identification of stakeholders, documentation management status, and a digital master issues list to give a complete “at a glance” view of lease transition projects.
Included in the tool is an administration module that provides users the ability to manage permissions, assets, checklists, and more. The Asset Transfer System helps drive efficiencies for both the airline and lessors throughout the entire life of a leased asset to include aircraft deliveries, annual inspection audits, and asset transitions.
BBAM is one of the largest aircraft lessors in the world and the leading manager of third-party capital in the sector. The company has a fleet of more than 450 aircraft under management including Airbus, Boeing, and Embraer airplanes used by more than 100 airlines across the globe.
“Asset Transfer System helps us to realize more efficiency, increased project visibility, and lower costs related to managing aircraft transitions,” said Jim Conroy, Deputy Chief Technical Officer for BBAM. “Our goal is to automate and digitize critical processes to improve project management as well as communication between all parties during aircraft transition.”
The combination of GE Digital domain expertise in flight analytics and engine diagnostics to bring disparate data together and the digital leased asset transfer system capability is designed to enable web-based fleet maintenance across the aviation leasing market.
“We are pleased to be working with BBAM. From the start, they have been hungry and aggressively embraced our Asset Transfer System to digitally complete aircraft transitions,” said Andrew Coleman, General Manager for GE Digital Aviation Software. “GE Digital provides software that the aviation industry needs to harness their data and facilitate their business goals. By modernizing documentation management, companies like BBAM can effectively manage the paperwork needed to make sure their assets are transferred efficiently and in compliance.”
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