20 Dec 2021

Acumen Aviation and Aerospace and Aviation Skill Sector Council (AASSC) Sign MOU to Jointly Launch Certificate and Diploma Programs

Dublin - 20-12-2021 - Acumen Aviation (“Acumen”) announces the signing of a partnership MoU with Aerospace and Aviation Skill Sector Council (AASSC) India, to jointly launch various short term certification and diploma programs in the aircraft leasing & financing sector. The programs are anticipated to commence from early in the New Year. The new short certificate programs encompass all the facets of aircraft leasing and financing domains. The India Government ‘AtmaNirbhar Bharat’ policy is for the development of skilled professionals to meet growing demand in the aviation leasing and financing sector. Acumen Chairman & CEO, Alok Anand stated “Given the kind of growth Indian Aviation is witnessing with a big focus on aircraft leasing and financing as an industry, Acumen’s training programs in association with AASSC will go a long way in providing the necessary skill development support. These courses will benefit the aviation community as well as financial, legal and banking professionals interested in aircraft leasing and financing.” Aviation Sector Skill Council (AASSC) CEO, Rachit Bhatnagar stated “It is bright and blue skies today at Bengaluru, which is an indication of clear weather to take off our partnership to soaring heights. I take this opportunity to congratulate team AASSC and team Acumen who have worked tirelessly to make this partnership happen today. This is also a small step to make India Atmanirbhar (self-reliant) by creating skill development ecosystem in this largely alien field till recently. We have been making framework for some of the traditional job roles in aviation and aerospace, but this partnership would make us more relevant and enable us to diversify into more evolving industry trends like we are also doing for Drones presently. With this joint certification we intend to create more value for the learners, and we would also align ourselves with our PM’s vision of boosting an ecosystem of aircraft leasing and financing in the country.” About Acumen Aviation Acumen is an aircraft asset lease manager with a global platform, established in 2009, headquartered in Ireland with offices in India, China and the USA.  Acumen’s management team has over 300 years of cumulative experience with a permanent staff of over 90 people. Acumen offers a full range of services throughout the lifecycle of the aircraft including aircraft sourcing, pre-purchase inspections (physical and records), project management, lease management, re-marketing, fleet audits, aircraft trading, powerplant management, aircraft valuations and CAMO services. Its customers include aircraft lessors, airlines, banks, private equity and investors. About AASSC “Make in India” cannot succeed without “Skill India”. For this purpose, Aerospace and Aviation Sector Skill Council (AASSC) has been set-up under the Government led initiative of “Skill India” program. This is one of the 37 Sector Skill Councils formed under National Skill Development Corporation (NSDC). The promoters of the company are Hindustan Aeronautics Limited (HAL), Bangalore Chamber of Industries & Commerce (BCIC) and Society of Indian Aerospace Technologies & Industries (SIATI).  Aerospace and Aviation Skill Sector Council (AASSC) is responsible for bridging the skill gap in the aerospace and aviation sector. It acts as an Awarding Body for short-term skilling programs.   For more information please contact: Acumen Press Office: China Location: Beijing, China Phone: : +861062434080 livia.liu@acumen.aero   Acumen Press Office: America Location: Miami, USA Phone: +1 954 999 8060 sean.oconnor@acumen.aero   Acumen Press Office: Europe Location: Dublin, Ireland Phone: +353 86 2424777 martin.corcoran@acumen.aero   Acumen Press Office: Central Asia Location: GIFT City, India Phone: : +91 9004689225 kumar.narayanaswami@acumen.aero   Acumen Press Office: South Asia Location: Bangalore, India Phone: : +91 8800701356 ankit.harbhajanka@acumen.aero   Disclaimer: Cautionary Note Regarding Forward-Looking Statements; The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those expressed or implied in such statements. In addition to statements, which are forward-looking by reason of context, the words "may", "will", "should", "expects", "plans", "intends", "anticipates", "believes", "estimates", "predicts", "potential", or "continue" and similar expressions identify forward-looking statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation, (i) general economic conditions, including in particular economic conditions in the Acumen Aviation Europe Ltd core business and core markets, (ii) performance of financial markets, including emerging markets, and including market volatility, liquidity and credit events (iii) the frequency and severity of insured loss events, including from natural catastrophes and including the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the Euro/U.S. Dollar exchange rate, (ix) changing levels of competition, (x) changes in laws and regulations, including monetary convergence and the European Monetary Union, (xi) changes in the policies of central banks and/or foreign governments, (xii) the impact of acquisitions, including related integration issues, (xiii) reorganization measures, and (xiv) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences. The company assumes no obligation to update any forward-looking statement.