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Avation teams up with GE to help manage its fleet’s documentation

The Asset Transfer System will help Avation and its customers to manage and organise important documents

avation plane
Avation has 47 aircraft that it leases to passenger airlines

Avation PLC (LON:AVAP) has struck a deal to use GE’s AirVault Asset Transfer System to store and manage the records of its fleet of aircraft.

The company has 47 planes on its books, which it leases to airlines including Thomas Cook and Virgin Australia.

READ: Avation pushes ahead with fleet expansion

GE Aviation’s Asset Transfer System will help Avation to manage and organise its planes’ files and documentation while out on lease.

“Avation is pleased to have selected the GE Aviation Air Vault Asset Transfer System to store and manage our fleet's aircraft records. Avation went through an extensive evaluation and comparison process to select a platform,” said chief executive Jeff Chatfield.

GE Aviation director Gib Bosworth added: “The ability to connect records and data across aviation companies and the IT systems they use to manage their fleets will data availability and drive productivity.”

Avation shares were down 1.4% to 274.3p on Monday morning.

Quick facts: Avation PLC

Price: 275 GBX

LSE:AVAP
Market: LSE
Market Cap: £172.73 m
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