Our client acquires, leases and sells commercial jet aircraft to airlines throughout the world.
As of September 30, 2018, the client owned and managed 246 aircraft leased to 85 lessees in 46 countries. Regulatory compliance within the aviation industry had become increasingly more demanding and many airlines were struggling to deal with the large quantity of their documents in an efficient and cost-effective manner. Ensuring that all documents are completed in time for audit reviews was critical; failure to meet deadlines could mean aircraft being grounded.
The client selected Alfresco’s Digital Business Platform, built on Amazon Web Services, to manage all the documents associated with the lifecycle of their leases: negotiation, purchase, ownership, lease and re-leasing and final disposition. The corporate legal group can now successfully and effectively demonstrate compliance with documents for their regulators.
The client can keep track of their assets throughout the lifecycle of the aircraft and meet audit and compliance deadlines. The deal document management system, specifically configured for the aircraft leasing industry, provides them with improved management of the inventory of the aircraft, maintaining footprints of deals and assets and increasing time to value.