To Add or Not to Add New Technology Aircraft
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This ICF infographic breaks down what fleet planning professionals need to consider when weighing the possibilities of adding New Technology Aircraft to their fleet. For more information about how the fleet planning process can help airlines to meet their strategic goals, read more in Edmond Rose's whitepaper "Today's Fleet-Planning Complexity with New Technology Aircraft(http://bit.ly/2bnhJxQ)"
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To Add or Not to Add New Technology Aircraft
- 1. Where do we see our best opportunities for growth balancing the needs of our customers with those of our network? Should we lease or buy? What is the right time of year to bring new aircraft in (e.g. pre-peak) to maximize revenue? Can we time aircraft checks and lease returns to minimize cost and maximize use of airframe, engine and parts lives? What is the aircraft’s residual value? Are we maximizing use of the asset before it exits the fleet? Assess timing for new aircraft Decide your financing strategy Plan for maintenance Proactively manage aircraft end of life Determine your growth plan 1. 2. 3. 4. 5. While never simple, with the right organizational support and guidance, balancing the many drivers impacting optimal fleet composition over time does not have to be an unanswerable question or insurmountable challenge. icf.com ©Copyright 2016 ICF BIS DG 0317 0053 Fleet planning is not simple. The goal? Optimize the number and type of aircraft needed by an airline to meet its strategic goals. New technology aircraft add another question: When is the right time to add them to the fleet for maximum benefit from both the old and new? To Add or Not to Add New Technology Aircraft to a Fleet? For Fleet Planning Specialists, Complexity is Business as Usual Aviation Many drivers to consider For more information, contact: Samuel Engel samuel.engel@icf.com +1.617.218.3577 Visit: icf.com/aviation ▪▪ Improved returns ▪▪ Better customer experience ▪▪ Lower operating costs ▪▪ High ownership costs ▪▪ Big data ▪▪ New markets ▪▪ Lower utilization ▪▪ Refurbish ▪▪ Heavy maintenance events ▪▪ Low cost of ownership ▪▪ High fuel burn ▪▪ Retirement New Technology Aircraft Older Aircraft To strike the right balance, a strategic fleet plan is driven by network, operational, and financial strategies. Above all, fleet planning should include an organized, cross- functional team for a well-rounded view—from training to flight operations to IT (for the inevitable tsunami of available data and information from new-tech aircraft). Strategic Fleet Planning Aircraft acquisition/ return Sale/ leaseback Maintenance events Network Plan Operations Plan Fleet Plan While effectively working in a cycle, there are key steps in the fleet planning process that must be taken initially and re-considered as necessary. Flexibility is key to accommodate changing market conditions. Fleet Planning Process Engineering Human Resources (Training, crew optimization, etc.) Finance About ICF ICF (NASDAQ:ICFI) is a global consulting and technology services provider with more than 5,000 professionals focused on making big things possible for our clients. We are business analysts, policy specialists, technologists, researchers, digital strategists, social scientists, and creatives. Since 1969, government and commercial clients have worked with ICF to overcome their toughest challenges on issues that matter profoundly to their success. Come engage with us at icf.com.