Industry Attempts To Cut Paper From

Lease Transfers
by John Williamson | | May 4, 2019 7:45 am

A years-long effort to disentangle air ship proprietorship transfers by cutting down paper and interfacing disparate back-end
frameworks is ready to yield its first real-world outcomes, say a portion of the key individuals associated with working through
new electronic aircraft records-transfer standards.

The Aircraft Transfer Records Working Group (ATRWG), a developing collection of industry representatives, has been
building up the new standard, ATA Spec 2500, for quite a while. In the event that all goes well, the first records transfers will
happen this year, with lessor GECAS leading the way.

“We’ve spent the last five years getting ready for this,” says Aileen Carroll, GECAS technical records leader. “We’re ready
now.”

GECAS is among the many lessors, airlines, producers and software suppliers that created Spec 2500—a XML standard for
exchanging airplane records and key maintenance information. The standard is being incorporated into numerous broadly
utilized maintenance and engineering systems, for example, AMOS. Digital records specialists, including Boeing’s AerData
Stream and GE’s AirVault, are likewise ready.

The working group’s initial gathering had around 16 members, says Rebecca Molder, a senior expert for engineering
processes at American Airlines and the working group’s co-chair. Presently in excess of 80 organizations take an interest,
including both large and small airlines from around the globe. The group’s long-term vision: have resources, for example,
airplane and engines conveyed with Spec 2500-agreeable records that an operator or lessor can ingest into its framework
and update as required. Ownership changes between parties utilizing the standard could then happen without trading boxes
of paper records that regularly should be reemerged into the new proprietor’s framework.

The shift holds the most guarantee for the renting community. With almost 50% of the world’s air transport armada possessed
by lessors, the quantity of annual transactions—right now around 4,000—is on the ascent. Exchanging records costs
$100,000 or more per transaction, due to everything from expected reviews to the expense of physically moving reports
between included parties. ATRWG individuals trust Spec 2500 will make possession exchanges both simpler and less
expensive for the two operators and lessors.

“The standards will simplify records reviews and drive out costs,” Carroll says. “Moving to electronic records opens up the
possibility of remote access as well. If you get to review records earlier, it fosters needed discussions in advance of the
transaction.”
Spec 2500 spotlights on records connected to an asset’s as-kept up, as-flown status, including airworthiness and service
release status, repair and harm records, maintenance status and essential records, for example, certificate of airworthiness. It
is a piece of a more extensive exertion to digitize air ship records—something the International Air Transportation Association
is pushing for throughout the following quite a long while. Another standard, ATA Spec 2400, centers around arrangement
information. At its center is an institutionalized document that characterizes the “allowable configuration” of an aircraft and its
components. “This specification defines part-configuration attributes and concepts which integrate engineering product
structure with allowable part usage by function position installation through the life of an aircraft,” the spec’s definition
explains.

“Electronic records can offer advantages in that presentation of data can be done in various ways which may suit both the
lessee during operation and the lessor at transition,” the International Air Transport Association says in its “Guidance Material
and Best Practices for Aircraft Leases” document. One of the document’s appendices includes a “typical” list of re-delivery
records, which the working group has tailored Spec 2500 to support.

Working-group members have been testing Spec 2500 in isolated trials as part of the development process. But GECAS is
poised to put the spec through its first real-world test. The lessor will use the standards to transfer records from its current
electronic aircraft record repository provider to its new one, AirVault.

GECAS will not stop there, Carroll says. The company is talking to customers with upcoming transactions in search of early
adopters. The expectation is that at least one will step forward this year, and others will soon follow.

“We have made an investment in the future, and we are excited to lead Spec 2500 adoption,” says Gib Bosworth, GE
Aviation Digital’s global lessor executive director. “This is a watershed moment; no more talk. We’re going to do it.”

John Williamson
John Williamson is the author of books as well as news, a highly successful and
exceptionally prolific writer best known for his works. Williamson is a medical doctor
and psychologist, founder of the school. Yet his passion is writing so he wrote
number of books. He is working with Manufacturing News 24 as a News author as
well.

Filed under: Industry Sector Tags: Aileen Carroll, ATRWG, GECAS, Lease Transfers, Paper