Asset manager Acumen Aviation has reported its successes for 2021. Throughout a challenging year, Acumen shared that it found flexible and innovative ways to support its clients with 17 aircraft now under management, two aircraft being traded and proposals under final consideration for aircraft remarketing.
Acumen also developed its mandates with partners for aircraft acquisition, a key element of which was the development of its human resources with particular emphasis on aircraft valuation, considered to be an integral part of the acquisition process.
Acumen’s digital business and its asset management platform, SPARTA, has expanded its services with existing clients including Regional One Inc to support its entire fleet, comprising of more than 170 aircraft, engines and other major assemblies and new clients including Capgemini Engineering, who chose Acumen’s SPARTA Enterprise Asset Management software solution to support its aeronautics division.
Acumen’s Technical Asset Management (TAM) undertook a major fleet review comprising both the Air India and Air India Express aircraft, totalling 150 commercial aircraft, which formed part of the sale process of the airline during the year. Acumen’s footprint in the Indian market continues to grow with the establishment of its office in GIFT City, Gujarat and domain expertise with the launch of ‘Knowledge Report on Leasing and Financing Aircraft in India’. The new entity will provide aircraft financing activities to airlines in India and abroad, thus spreading its wings further into total aircraft
asset management.
Acumen has seen significant growth in its training division over the last year with a total of twenty online external courses conducted throughout the period. Significantly, new strategic partnerships have been announced with the signing of an MoU with Aerospace and Aviation Skill Sector Council (AASSC) India, to jointly launch various short term certification and diploma programs in the aircraft leasing & financing sector and signed a new partnership agreement with SWIMS Aviation, South Korea to deliver Acumen’s training courses in Korean.