09 Feb 2021

Acumen Aviation Announces 2020 Operational Review

Dublin – 10-02-2021:  Acumen Aviation, a leading Aircraft Asset Management Services Company is delighted to release its 2020 Operational Review. The year 2020 proved to be a challenge for the entire global community as it came to terms with the impact caused by the COVID 19 pandemic.  Throughout this period Acumen managed to find innovative ways to support its clients and its global reach helped provide localised support where needed.  Acumen continued to develop its capability as a complete asset management company and as part of this strategy it announced its partnering with Blueberry Aviation at the Dublin Aviation Conference week in January 2020.  Together they offer cradle to grave asset management from evaluation and sourcing aircraft to managing day to day requirements through to transition and remarketing.  Both companies complement each other’s strengths and have successfully created new opportunities to grow the client base. Acumen is looking to the future so, in order that the industry has the necessary skills and resource to meet future industry needs, the company launched its new training department, under the leadership of Mr Vishwanath Hampanna.  This department has seen significant growth over the last year with a total of eleven online external courses conducted throughout the period.  Significantly, the culmination of the efforts of Vishwanath and his team was the exciting announcement of a new strategic co-operation agreement with CMS Business School, JAIN (deemed to be University).  This presents both parties with an exciting opportunity, combining Acumen’s domain knowledge and experience with CMS’ strong foundation in management education and academic research. Acumen’s digital business has also continued to be rewarded through the sustained and increased growth of its popular asset management platform, SPARTA.  The SPARTA Pay-As-You-Go model continues to expand, attracting new clients, globally.  In addition, the launch of its Digital Success Advisory (DSA) has further expanded the digital service offering to clients to meet the needs of today’s evolving market.  Through the combined wealth of sector, digital and domain knowledge, Acumen is now assisting clients in optimising performance, driving up profitability and future proofing their businesses. Acumen’s valuation team added a new service offering too.  Acumen began delivering a parts valuation service, which has generated considerable market interest, so watch this space. Full details of our 2020 Operational Review are included in the attached Graph. 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. For more information please contact:   Acumen Press Office: Europe                           Acumen Press Office: Asia Location: Dublin, Ireland                                  Location: Bangalore, India Phone: +353-1-5677106                                     Phone: : +91 9886886315 martin.corcoran@acumen.aero                       shobha.balaji@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.