Avation PLC GE Aviation and Avation Asset Transfer System (1337A)
17 June 2019 - 5:05PM
UK Regulatory
TIDMAVAP
RNS Number : 1337A
Avation PLC
17 June 2019
Via the RNS service of the LSE
AVATION PLC
("Avation" or "the Company")
GE Aviation and Avation sign Asset Transfer System Agreement for
Leasing Market
Digital Records System Streamlines Leased Asset Documents
Le Bourget, FRANCE - June 17, 2019 - GE Aviation and Avation PLC
today announced an agreement to provide the AirVault Asset Transfer
System across the lessor's fleet of ATR72 turboprops, A220-300 A320
and A321 narrow-body jets, Boeing 777-300ER and Airbus A330-300
twin-aisle airplanes. The implementation is starting this month,
with anticipated completion this year.
"By providing the expertise to digitally manage mission-critical
records across Avation's fleet, we're strengthening the focus on
asset lifecycle management and maintenance optimization for the
aviation industry," said Gib Bosworth, director for GE
Aviation.
The combination of GE's domain expertise in flight analytics and
engine diagnostics to bring disparate data together and the digital
leased asset transfer system capability will further enable
web-based fleet maintenance across the aviation leasing market.
Jeff Chatfield, Executive Chairman of Avation PLC said, "Avation
is pleased to have selected the GE Aviation Air Vault Asset
Transfer System to store and manage our fleet's aircraft records.
Avation went through an extensive evaluation and comparison process
to select a platform."
The Asset Transfer System is a collaborative tool that
streamlines and simplifies the way that leased asset documentation
is managed between airlines and lessors by allowing operators to
organize records in accordance with industry standard. The system
enhances the efficiency of lease returns by helping operators
organize files, perform collaborative document reviews with their
lessors, and transfer files through an intuitive and digital user
interface.
Bosworth added, "The ability to connect records and data across
aviation companies and the IT systems they use to manage their
fleets will data availability and drive productivity."
Avation PLC (LSE:AVAP) is a commercial passenger aircraft
leasing company headquartered in Singapore, managing a fleet of
aircraft which it leases to airlines across the world. Their
customers include Flybe, Virgin Australia, Thomas Cook, Air France,
easyJet, Eva Air, Philippine Airlines, Air India, Vietjet Air, Fiji
Airways, Mandarin Airlines, Galistair, airBaltic and Danish Air
Transport. www.avation.net
GE Aviation, an operating unit of GE (NYSE: GE), is a
world-leading provider of commercial and military jet engines, and
avionics, digital solutions and electrical power systems for
aircraft. GE is the world's Digital Industrial Company,
transforming industry with software-defined machines and solutions
that are connected, responsive and predictive. With people,
services, technology and scale, GE delivers better outcomes for
customers by speaking the language of industry.
www.geaviation.com/digital
ENDS
Enquiries:
GE
Jennifer Villarreal +1 616 241 8643
jennifer.villarreal3@ge.com
T: +65 6252 2077
Avation
Jeff Chatfield, Executive Chairman
Avation welcomes shareholder questions and comments and advises
the email address is: investor@avation.net
Notes to Editors:
Avation PLC is an aircraft leasing company, headquartered in
Singapore, owning and managing a fleet of commercial passenger
aircraft which it leases to international airlines.
More information on Avation is available at www.avation.net.
More information on GE is available at
www.geaviation.com/digital
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END
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