Launch of the Tracker by LeaseWorks will assist lessors in gathering and analysing utilisation data.

To improve operations and increase revenue, a cutting-edge analytics tool offers crucial insights into the use of leased aircraft.

LeaseWorks® is a leading provider of cloud-based solutions and services. The Aeris MATCHTM software ecosystem now includes a new tool called LeaseWorks Utilization Tracker, which helps aircraft leasing companies gather and analyse crucial aircraft utilisation data from their airline clients.

For lessors to continue managing their aircraft portfolios and streamlining leasing operations, it is essential to collect and store accurate data on the use of leased aircraft. In a sector that is highly dynamic and where lessors and investors are sensitive to accurate reporting on how and where they are flown, gathering and analysing such data can be a daunting task.

According to Juan Blanco, Senior Advisor, Customer Solutions, Architecture and Technology at LeaseWorks, “One of the main areas that lessors could benefit from is more timely data from airline customers on their aircraft utilisation.” “Collecting and analysing data has traditionally been a labor-intensive and labor-intensive process, but this information is becoming increasingly important in a highly dynamic industry, where less risk can be impacted by jurisdictional and operational considerations,” says the author.

The LeaseWorks Utilization Tracker is made to make it easier to gather utilisation data from airlines across numerous regions and asset classes. Lessors can monitor and audit airline utilisation reports, compare aircraft usage to fleet and regional trends, and track aircraft movements by nation or city to ensure compliance with regulations using the advanced analytics platform.

According to Blanco, “The LeaseWorks team worked closely with clients to develop and calibrate this bespoke product so it meets the specific needs of the aviation finance industry, enhancing lessors’ capacity to make wise and timely decisions about their fleets and portfolios.

The tool assists businesses in identifying underreporting that may have an impact on maintenance, estimated end-of-lease adjustments, and maintenance reserves in addition to offering insights into how the leased fleet is used to tailor lessors’ marketing efforts to particular airlines based on aircraft utilisation.

The commercial and asset management teams of lessors can access analytics wherever they are and stay informed on the go thanks to LeaseWorks Utilization Tracker, which Blanco calls an indispensable tool with an intuitive mobile app.

Join the upcoming Product Release Webcast on April 27, 11 a.m. U.S. Eastern, to get a sneak peek at this new tool as well as other product developments and module improvements within LeaseWorks’ Aeris MATCHTM product portfolio (16:00 Dublin time). Visit www.lease-works.com/product-release-webcast to sign up.

Regarding LeaseWorks

The aviation leasing community is served by LeaseWorks®, which offers cloud-based goods and services with options for both lessors and airlines. Lessors can more quickly and efficiently deploy their aviation assets with airlines all over the world thanks to Aeris MATCHTM. Lessors and airlines can manage the complex details of aviation leases using Aeris ASSETTM. These two products are the first in a group of several that make up a full-lifecycle portal for managing leased aviation assets. www.lease-works.com

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