The former thereby enters the commercial aircraft asset management business sector
New Delhi, July 8, 2015 /PRNewswire/ -- India's leading aviation services company Air Works announced that it has entered into a strategic partnership with Acumen Aviation Europe through a minority equity investment. Through this collaboration, Air Works will gain access to the vast and growing aircraft asset management business, thereby expanding its presence in Europe, Asia, and the United States. This partnership will focus on providing customers with a one-stop solution for best-in-class aviation services in the industry.
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Acumen is an aircraft asset management services company with operations in Ireland and India, dedicated to delivering technology-enabled solutions such as technical asset management and record management to achieve long-term economic returns on assets. The company recently opened a regional office in China to serve existing clients in East and Southeast Asia and the rapidly growing leasing industry.
Air Works’ strategy is to advance technology-enabled services for the broader aviation industry and work closely with aircraft owners, and this partnership aligns well with that strategy. Air Works has been providing critical recovery and redelivery services for global leasing companies, and this collaboration with Acumen will support the company in establishing a more solid foothold in the asset management field while creating strong cross-selling opportunities for both firms.
Mr. Vivek Gour , Managing Director of Air Workssaid, "Acumen has established itself as a trusted company committed to delivering significant value to its clients. As airlines shift towards an asset-light operating model through aircraft leasing, the aircraft leasing industry will continue to grow -- hence we are very optimistic about Acumen’s long-term prospects."
Mr. Alok Anand , Chairman of Acumen Aviationsaid, "Air Works complements our expertise in specific business areas, which will help enhance our service delivery model, thereby improving the customer experience and achieving business goals."
Mr. Gouradded, "In the long term, the potential for synergies will ultimately be realized when we can cross-sell Acumen’s services to other businesses that Air Works plans to establish through both organic and inorganic growth."
According to the new cooperation agreement signed, Bangalore will continue to serve as the delivery and software development center, while business development and technical management activities will be centered around the Irish headquarters, the United States, and China. Acumen will benefit from Air Works’ experienced management team, as well as from access to its customer and partner network.
Alok Anand Mr.also added, "Acumen will continue to operate independently, but will thereafter benefit from Air Works’ experience in scaling the business through active business development and acquisitions, having a leading in-house IT team, and a focus on financial management and compliance."
Source: Air Works
For further information, please email:media@airworks.in and info@acumenaviation.in.