13 June 2022
Team Acumen
Jetstream Aviation Capital Chooses SPARTA Asset Management ERP Platform
Dublin – 13-06-2022 – Acumen Aviation (“Acumen”) is pleased to announce that Jetstream Aviation Capital (“Jetstream”), a major global aircraft lessor, focused exclusively on commercially-operated turboprop regional aircraft and engines, has chosen Acumen’s SPARTA Asset Management ERP Platform, comprising Lease, Maintenance and Projects Management, and Records Dataroom modules. The SPARTA platform will be deployed to support Jetstream’s entire fleet, consisting of approximately 175 aircraft, engines and other major assemblies, which are expected to grow over the six year term.
SPARTA enables aviation lessors to maintain clear visibility and control over their contracted operational assets. It provides clients with a seamless, connected, and intuitive way of organising and controlling a vast array of data, spanning the complete life cycle of multiple assets.
Key to SPARTA’s appeal is its fundamental design. Its intuitive interface; ease of integration with external systems; facilitation of faster customisations, and all backed up with 24×7 customer support, make SPARTA the most reliable modern-day tech available on the market for lessors.
Owing to SPARTA’s open source, new age technology architecture and an experienced product development team, Acumen was able to easily interpret and understand the requirements and therefore deliver comprehensive, well executed, tailor -made solutions to Jetstream Aviation Capital.
Seán O’Connor, Managing Director – Americas & Chief Revenue Officer, Acumen Aviation, said:
“It is a pleasure working with the Jetstream management team and I have enjoyed the process of assessing their specific asset management requirements. We are confident that these will be comprehensively met by SPARTA, Acumen’s proprietary, Asset Management ERP Platform. Jetstream’s decision to select SPARTA is much appreciated and we believe that it supports how positively SPARTA is being perceived in the industry at this time. We look forward to supporting Jetstream and being part of this exciting collaboration over the next six years and beyond”.
Arthur Kushner, Vice President, Commercial and Principal, Jetstream Aviation Capital, said: “Jetstream is very enthused about the implementation of Acumen’s SPARTA applications and the myriad benefits and efficiencies it will deliver to our leasing platform. After evaluating a number of options in the market, Jetstream decided on Acumen based on its track record, architecture, capabilities, and flexibility. Alok and Sean demonstrated their professionalism throughout the evaluation and sales process. Our entire team is pleased with this outcome and is looking forward to a long-term relationship with Acumen.”
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. Acumen embraces new technologies and has a dedicated digital business arm providing market driven products and services to the sector. This includes Acumen’s state-of-the-art asset management ERP platform, SPARTA, as well as its digital success advisory (DSA), offering specific software development and design solutions to help clients meet the challenges and requirements of the digital age. Its customers include aircraft lessors, airlines, banks, private equity, and investors.
About Jetstream Aviation Capital
Jetstream Aviation Capital is the largest global aircraft lessor focused exclusively on commercially-operated turboprop regional aircraft and engines. Jetstream work in partnership with many of the world’s leading regional airlines. Our flexible and client-driven lease structure is driven by our deep understanding of regional airline operations and appreciation for the challenges they face. Our principals and senior management bring more than 300 years combined aircraft leasing and finance experience and have together managed hundreds of aircraft and engine leases through their full life cycles. Our worldwide network of senior industry relationships among airlines, manufacturers, and aviation investors allows us to be local partners with regional airlines across the four corners of the globe.
For more information please contact:
Acumen Press Office: America
Location: Florida, USA
Phone: +1 954 999 8060
Acumen Press Office: Europe
Location: Dublin, Ireland
Phone: +353 86 2424777
Acumen Press Office: China
Location: Beijing, China
Phone: +861062434080
Acumen Press Office: South Asia
Location: Bangalore, India
Phone : +91 8800701356
Acumen Press Office: Central Asia
Location: GIFT City, India
Phone: +91 9004689225
kumar.narayanaswami@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.