Business Air - December Issue 2023

I t’s increasingly clear that engine and jet maintenance programs have become pivotal in the business aviation industry, where operators are tasked with balancing operational efficiency and cost optimization. While purchasing a new jet might seem straightforward, the real challenge lies in ownership, operation, and maintenance—the aspects that truly accumulate costs. This reality became apparent as the business and private aircraft sector matured in the mid-20th century. Seeking greater reliability and predictable costs, both for scheduled and unscheduled maintenance events, engine maintenance programs have emerged as a vital strategic tool for operators. Typically, enrolling in a maintenance program was a wise— albeit not mandatory—decision for an operator flying a significant number of hours annually. The industry

sector expanded in tandem with the rise in private aircraft, particularly for business operations through the 1990s and 2000s. However, it’s arguable that these maintenance programs have truly come into their own during and after the COVID-19 pandemic. It’s not just that operators and new owners are increasingly enrolling upon purchase, but also that investors, eyeing steady cash flow, recognize opportunities in this space. This interest has attracted private equity investors to the space to bundle and bolster third-party offerings, develop scale, streamline operations, and enhance the range of services available to customers. Moreover, advancements in engine technologies that provide real-time data, coupled with evolving regulatory frameworks focused on sustainability, have made these programs more relevant than ever.

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