An Overview of Aviation Fixed Base Operation Management

The aviation industry has been undergoing many changes in recent years. While the demand for services continues to increase, investors and asset owners are concerned about escalating costs of operation and aspects related to profitability. To understand aviation fixed base operation management better, it is important to understand the role of FBOs, also called Fixed Base Operators. In this post, we take a look at some of the basic aspects.

Understanding the work of FBOs

In simpler terms, Fixed-base operator (FBO) refers to an organization that has the necessary rights to provide core line services such as aircraft handling, hangaring and fueling at airports. These companies are important as they keep the wheels in motion for general aviation operators. At small municipal and small commercial airports FBOs manage almost everything related to aviation fixed base operation management.

While there may be any number of tenants at an airport, due to their provision of essential services such as fuel and operation of a general aviation passenger terminal, FBOs are generally considered anchor tenants. FBOs are usually the hub of activity and communication at a general aviation airport, and at commercial airports they serve as a hub for most non-commercial activity. FBOs usually also provide ancillary services tangential to terminal operations which include:

• Passenger lounges

• Flight planning and weather monitoring facilities

• Pilot’s lounges and rest/sleep areas

• Conference room facilities

• Arranging catering for the aircraft as well as other sundries such as coffee, beverages, reading materials, etc.

• Aircraft washing

• De-icing (where applicable)

• Arranging ground transportation

• Other services

They are typically classified as “Full Service” if they offer services beyond the core services of handling, fueling and hangaring of aircraft..

The need for outsourcing

With changing dynamics, outsourcing is a norm in almost any industry, and aviation is no different. Today, asset owners and financial institutions are driven by the need for efficiency and profitability. They don’t want to be bogged down by the weight of managing non-core divisions, when an efficient team can provide turn-key solutions for outsourced management. Outsourcing not only helps by increasing efficiency through the use of industry wide best practices, but it can also deliver materially higher customer satisfaction.

Seeking help

If you are considering professional management for your aviation portfolio, there are several important factors to keep in mind. First and foremost, you need to be sure that you have hired a team on the requisite direct experience to meet your needs. They should have prior experience of handling clients with similar requirements as yours and should have experience across various sizes and types of airports. Second, ensure the company provides you with a detailed management plan tailored to meet your needs. Third, ensure that the company can provide you with references who will attest to their prior work. This is the best way of ensuring you will receive the benefit of the experience you seek.

If you want to maximize the value of your aviation assets, consider hiring a professional management company for your FBO management and aviation management needs.

Debt Management Program Overview: What to Consider and Ask When Considering This Solution

When it is carefully constructed, a debt management program can really help you organize your finances and get your bills paid off faster. However, since consumers aren’t always in debt for the same reason, there are multiple solutions for individuals trying to climb out a financial hole. The ideal candidate for this kind of management / repayment program is someone who has high-interest debt and a steady enough income that will allow them to handle the debt. The reason why they need help is because they need to create a better budget for guidance, and that’s precisely what debt management companies do.

Before deciding if this is the right route for you to take, you must first ask yourself a few questions.

“Will I be able to live without a credit card?”

“Do I really need outside support to help coach me through this financial crisis?”

“Will I need to make an expensive purchase within the next year, which will require credit?”

“What exactly will my responsibilities be?”

You’ll likely be required to give up new credit – especially if you want to keep the benefits that the debt management program has negotiated on your behalf. You must prove that you are truly interested in getting out of debt, so applying for a new credit card or loan will not be of any help to you whatsoever.

Enrollment to a Debt Management Program

The enrollment process can take up to a month. Once you begin enrolling it will take some time for the negotiations to work and the repayment plan to be put into place. Unless you have enough money to pay for both the program and still make the regular payments to creditors, be prepared to get a late mark (or more) on your credit reports.

If you start getting collection calls from the creditors before everything is finalized, just inform them that you have enrolled in a debt management program and that should keep them satisfied and they will leave you alone.

If your problem is that you have too many credit cards to keep track of, then choose a company that offers consolidation solutions. For some individuals, consolidation is the best and easiest way to manage debts. The qualification requirements vary from one company to the next. Ideally, you’ll be required to owe at least $5,000 in unsecured debts in order to be approved for the management program.

Which company has a good reputation and reasonable rates? If you really are getting overwhelmed with your debts, then consider looking into CuraDebt and its solutions. There are many positive reviews about CuraDebt’s debt management program and other services.