Aviation consulting services, as the name suggests, is the name used for aviation specific consulting services across many types of aviation, including commercial, military and general aviation. These types of consultants are important to institutional capital owners as they are known for providing solutions to complicated and technical issues. They are also known for their experience and ability to bring industry leading best practices to independent owners of businesses. Apart from this, they are also assigned to the duties of overlooking the air traffic supervision procedure.

Experience and a proven track record are critical in determining whom to engage as an aviation consultant and advisor. Below we will review some of the function areas which are the most important.

Operational Management Consulting

This is one of the core elements of an aviation consultant. For institutional aviation asset holders, it can be a challenge to determine where to increase efficiency, institute cost saving initiatives or invest with the greatest impact. Industry veterans can advise and consult in these areas efficiently, and save precious resources searching for answer. Proven aviation management companies can be a force multiplier for value creation.

Facility & Asset Management

Most on-airport aviation businesses have significant capital assets, thereby requiring diligent oversight and upkeep. The range of assets can vary greatly, from core infrastructure such as runways, taxiways and roads to sophisticated terminals and special purpose facilities. Continuous management, preventative maintenance, repairs and improvements are key focus areas to assuring performance through the airport lifecycle. While the technical aspects of much of this work can be handled by relevant experts in design, civil and structural engineering, there should be an overall manager who can approach these projects from a business and investment perspective.

Systems & Reporting

One area of potential competitive advantage is real time operational and financial reporting. In order to achieve this type of market position, the correct Information Technology (IT) must be in place to track Key Performance Indicators (KPIs) in real time and deliver them to operational management in a manner which delivers critical tools for informed decision making. With enterprise wide IT infrastructure in place, real time operational and financial reporting drives several benefits. First, as previously discussed, it provides operational management with the relevant data to manage the business. It also allows other stakeholders to see appropriate reporting in a timely manner. Finally it can drive strategic long term decision making through the use of data mining and predictive analytics.

Final Thoughts

The final thought is that experienced aviation consultants with proven track records over multiple market cycles are able to add value through their advisory and management work for family offices, private equity firms, and other institutional equity aviation asset holders.