ZenithJet, an aviation consulting firm headquartered in Montreal, Canada, has introduced Aviation CFO, a cost management programme that enables business aircraft owners and operators to reduce operating costs by benchmarking against real-world data.
ZenithJet's proprietary data is generated by its sister company Elit'Avia, an aircraft management and charter specialist with more than 15 years' experience operating a large fleet of business aircraft worldwide. Drawing from this wealth of real-world data, plus additional industry databases, the ZenithJet team generates comparative data on business aircraft services. Launched in response to client demand, Aviation CFO formalises services that ZenithJet has long performed to reduce clients' operating costs.
Based on a monthly subscription, Aviation CFO services include: analysis of recurring expenses (fuel, handling, parking, maintenance, hangarage, insurance, crew salaries and other operational costs) as compared to ZenithJet's proprietary benchmarks; analysis of aircraft programmes and warranties to ensure maximum coverage; and negotiation of aircraft maintenance proposals and final costs.
“Operating a business aircraft can easily cost millions of dollars per year and expenses are often summarised in dozens of complex line items,” says ZenithJet executive VP Kevin Rodgers. “We leverage the proprietary data that we have generated as business aircraft operators to analyse and assess expenses, programmes and warranties, and negotiate for the financial benefit of our clients. Aviation CFO enables owners and operators to derive maximum value from their aircraft investment by ensuring that operating costs are optimised. We invite aircraft owners and operators worldwide to contact us to find out how we can reduce their costs.”