24 January 2022
Team Acumen
Acumen Aviation Releases 2021 Operational Review
Dublin – 24-01-2022: Acumen Aviation, a leading Aircraft Asset Management Services Company is delighted to release its 2021 Operational Review.
Throughout a challenging year Acumen managed to find flexible and innovative ways to support its clients. Its global reach helped provide localised support where needed, proactively responding to fluid and diverse market requirements. Acumen continued to develop its capability as an asset management company providing services including aircraft sourcing through to trading and remarketing, whilst at the same time maximising the use of its state-of-the art in-house asset management system “SPARTA”.
Acumen continued to advance in the areas of lease management, trading and remarketing with 17 aircraft now under management, 2 aircraft being traded and proposals under final consideration for aircraft remarketing. Acumen also developed its mandates with partners for aircraft acquisition, a key element of which was the development of its human resources with particular emphasis on aircraft valuation, considered to be an integral part of the acquisition process.
Acumen’s digital business has also continued to be rewarded through the sustained and increased growth of its popular asset management platform, SPARTA, growing its services with existing clients including Regional One Inc to support its entire fleet, comprising of more than 170 aircraft, engines and other major assemblies and new clients including Capgemini Engineering, who chose Acumen’s SPARTA Enterprise Asset Management software solution to support its aeronautics division. In December a revamped version of SPARTA, the Digital Asset Manager powered by New-Age Technology and Industry Expertise was released, adding new online applications including the Valuation app, fin-S together with a new CommVerge app, giving clients the ability to compute financial exposure and simulate complex scenarios in a fraction of the time.
Acumen’s Technical Asset Management (TAM) undertook a major fleet review comprising both the Air India and Air India Express aircraft, totalling 150 commercial aircraft, which formed part of the sale process of the airline during the year. Acumen’s footprint in the Indian market continues to grow with the establishment of its office in GIFT City, Gujarat and domain expertise with the launch of ‘Knowledge Report on Leasing and Financing Aircraft in India’. The new entity will provide aircraft financing activities to airlines in India and abroad, thus spreading its wings further into total aircraft asset management.
Acumen is looking to the future and through its training department, it is supporting the industry in its need to acquire the necessary skills and resources to meet the future demand. As market growth begins to return there has been a particular emphasis on all aspects of asset management training. This department has seen significant growth over the last year with a total of twenty online external courses conducted throughout the period. Significantly, new strategic partnerships have been announced with the signing of an 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 and signed a new partnership agreement with SWIMS Aviation, South Korea to deliver Acumen’s training courses in Korean.
Full details of our 2021 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: China
Location: Beijing, China
Phone: +861062434080
Acumen Press Office: America
Location: Miami, USA
Phone: +1 954 999 8060
Acumen Press Office: Europe
Location: Dublin, Ireland
Phone: +353 86 2424777
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
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.