Acumen Aviation, the aircraft asset management services company, says that it continued to develop its capability as a complete asset management company, in its operational overview for 2019. The operational review shows stability overall and includes the positive movement of some key company disciplines, specifically asset appraisal services, which has grown threefold, and the number of assets valued for ABS, which has quadrupled since 2018.
Acumen states that its digital arm has been rewarded through the sustained and increased growth of its asset management platform, SPARTA. This platform was launched as an enterprise model and was further expanded this year to offer a Pay-As-You-Go facility, which is beginning to show results.
Acumen’s technical asset management and data management support services remained stable. This activity included asset returns / transitions, aircraft inspections, and records management.
CAMO has proved to be an excellent addition to the overall business offering, delivering seventeen projects and, although the engine management business has seen only a modest upturn, this a positive start for a still new vertical, given the competitiveness of the market.
Client share distribution and global footprint remain largely unaltered. However, Acumen’s growth in Asia-Pacific has more than tripled in the last year accounting for as much as 58% of activity and 23% of client share.