Aircraft Asset Management: Financial Planning and Reporting Capabilities
Ownership of a business jet represents an ongoing investment, which means that complete, accurate and timely reporting is critical to the aircraft asset management.
Clay Lacy’s aviation asset management reporting capabilities provide clear, transparent and actionable information that clients can access easily at any time, from any device, wherever they happen to be. These capabilities seamlessly integrate transparent profit & loss reporting, financial summaries, and charter and scheduling data in one place.
Real-Time Data, Dedicated Financial Analysts
Using LACY, our secure, custom-built ownership portal, we give aircraft owners and their teams the information they need to view a clear picture of their aircraft. Clay Lacy’s dedicated Financial Planning and Analysis managers continuously review trends and provide insights. This style of asset management for aviation combines the best of both worlds: raw data at one’s fingertips, and measurable ways to see how our aircraft management teams are keeping the aircraft in balance with financial goals and projections.
Annual Operating Budget and Planning
The Annual Operating Budget derived from real-world operating costs, not industry averages, is adjusted for anticipated annual utilization and accounts for planned capital improvements, large maintenance events and significant changes in the use mix on the aircraft. We constantly review and measure against this, capturing any changes in vendor contract terms and/or pricing, with detailed analysis to ensure we are maximizing the ownership experience with no financial surprises.
Every Trip, Every Invoice
Owners see every itinerary and expense associated with the aircraft, including detailed invoices, either from Clay Lacy or third-party vendors. This helps you easily compare against anticipated expenses budgeted out at the beginning of a time period, and keep track of the segregated interest-bearing checking account associated with the account.
The detailed reporting also includes future trips and calendars with crew member schedules, maintenance events and the ability to doublecheck and approve charter scheduling, if desired. Quickly access the critical metrics you need on one dashboard.
Value Through Aviation Asset Management Analysis
Aircraft asset management reporting is the starting point of a conversation between the owner and our analysts. Through a detailed monthly profit and loss report, Clay Lacy analysts illustrate the significant aspects that an owner should be aware of and anticipate.
You can see how and when major invoices, such as engine programs, will impact the account, or how aircraft usage can be tailored to increase productivity or efficiency.
Is an inflight communication or entertainment system showing higher usage or avoidable overages? Our managers can analyze and secure plans that better fit users’ patterns and needs.
On a macro level, this data might help procure better fuel rates from frequently used FBOs. We also use aircraft maintenance management software to schedule maintenance events that provide minimal downtime and inconvenience.
Informative, accessible data and detailed expert analysis form a two-way street to ensure your aircraft is managed to fulfill your aviation and financial needs.
See how detailed aircraft asset management reporting empowers your ownership experience. Contact our aircraft management experts.
