Press Release

Issued by Asset Insight.

January 11, 2016

Asset Insight has introduced a newly developed service, the Asset Decision-making And Planning Tool ("ADAPT"), providing anyone responsible for managing a fleet the ability to keep aircraft maintenance condition and related financial information up-to-date and accurate using real-time analytics. ADAPT allows fleet owners, operators, aircraft management companies, banks, lessors, dealers and brokers to manage the financial aspects of aircraft maintenance for their entire fleet, a sub-set of their fleet, and by individual aircraft. The only tool of its kind in the business aviation marketplace, ADAPT utilizes Asset Insight's broad range of services to translate complex technical data into simple, usable and understandable terminology and graphics designed to help users avoid surprises and optimize the value of their fleet and each aircraft in their portfolio.

“Since Asset Insight's start, flight department managers, aircraft finance professionals, and fleet operators have been asking us for a simple tool to help them easily visualize the maintenance condition of multiple aircraft concurrently, and the impact maintenance condition has on the value and marketability of each asset in their fleet. ADAPT is a direct response to those requests, providing real-time information for a specific aircraft and the entire fleet, along with tools to help users make informed decisions about their entire portfolio or an individual asset” says Tony Kioussis, president of Asset Insight.

“In preparation for the public launch of ADAPT, we spent countless hours with prospective users, fine-tuning the system's interface and reporting. In the process, ADAPT has been very well received, including numerous prelaunch subscribers.”

ADAPT can be used to maintain up-to-date financial information covering maintenance condition of all aircraft in a fleet. It allows users to obtain and store maintenance-related analytics for over 100 make/model aircraft, including helicopters. Once an aircraft is entered on ADAPT, the financial impact related to maintenance status may be updated daily through by one click on the user's screen. Available analytics include (by individual aircraft, the entire fleet, or a subset of the fleet) Asset Insight Index figures, comparable “for sale” fleet average comparisons, anticipated scheduled maintenance analytics, the value of any hourly maintenance cost program coverage, projected asset quality ratings, projected Asset Insight Index figures, and marketability potential based on maintenance condition and market values. The tool allows users to track individual aircraft estimated inspection completion dates and event maintenance costs, as well as the ability to modify maintenance costs based on specific needs, such as geographic location.

ADAPT is available via annual subscription, and prices vary based upon the needs of the user.