IBA acquires Fleetwatch to enhance insight capabilities

IBA, the leading aviation market data and intelligence company, has today announced the acquisition of the Fleetwatch application from Aeromanage.

Fleetwatch provides the aviation leasing and finance community with mobile device alerts, linked to aircraft flight events and status changes, using ADS-B data. The application provides enhanced visibility to key stakeholders around how aircraft are being operated, enabling proactive and reactive portfolio management, forming an integral part of their risk mitigation toolkit.

Alongside IBA’s recently launched Data and News Alerting from its IBA Insight aviation intelligence platform, the Fleetwatch acquisition, and integration, further demonstrates IBA’s commitment to delivering its clients enhanced insights that can be leveraged to manage risk and drive value creation.

IBA’s President, Phil Seymour, says: “We are excited to be enhancing our aviation intelligence capabilities with this acquisition of Fleetwatch. It will now form an integral part of our suite of News and Alerting solutions, providing key industry stakeholders such as lessors, banks, investors and insurers with top-class insights and live updates about their fleets.”

Fleetwatch will provide subscribers to the IBA Insight platform with a range of information, via daily notifications, that can highlight a variety of significant aircraft use scenarios.

Fleet/Aircraft Discrimination

Users will be able to see if their aircraft are being over or under-utilised compared to the average. Users will also be able to track the aircraft’s flight lengths and distances and compare the average for that model at the same operator. This will enable users to assess evolving operational patterns and whether maintenance implications, such as reserve and compensation rates need to be adjusted for this, to forecast revenue scenarios in PBH (power by the hour) agreements, and to be alerted to return condition scenarios where under or overutilisation is a factor.

Grounding

Fleetwatch enables users such as lessors, banks and investors to see if their aircraft have been on the ground for prolonged periods, allowing them to contact the operator to enquire about any issues. Fleetwatch will alert users if their aircraft has been grounded for any more than two days, allowing aircraft owners to keep track of their leased fleets and identify any problems early.

Prohibited Destinations

Lessors, banks, investors and insurers can receive alerts from Fleetwatch which flag if their aircraft have entered prohibited destinations, enabling them to monitor operators’ compliance with contractual terms and any sanction restrictions.

Ivan Borysenko, Senior Manager - Director at Aeromanage, said: “The insights that Fleetwatch provides will provide a significant addition to IBA’s aviation intelligence capabilities. It will give the IBA Insight platform users access to timely updates on aircraft status, allowing issues to be identified as early as possible and solutions developed.”