Elevating Protection: Risk Management and Human Capital Solutions for Modern Aviation
From runway to sky, we understand the complex risks facing today's aviation operations. We’ve created a Financial Impact Report that focuses on aligning your business objectives with Risk Management and Human Capital solutions.
First, we ground our understanding of your business in the context of what is happening today in the wider industry…
Risk Management
The resurgence of air travel in 2024 has led to record passenger numbers, intensifying operational challenges and heightening safety concerns for airlines.
The Transportation Security Administration (TSA) screened a record 2.99 million passengers in a single day in June 2024, surpassing the previous record of 2.95 million set in May.
Source: REUTERS
2024
2024
Employee Benefits
The aviation industry's rapid growth has exacerbated staffing shortages, particularly among air traffic controllers, prompting companies to enhance employee benefits to attract and retain talent.
The Federal Aviation Administration (FAA) faces a significant shortage of air traffic controllers, with net gains in staffing not expected until 2025.
Source: POLITICO
2024
2024
Insurance
The increased frequency of near-collisions and operational incidents in 2024 has led to higher insurance premiums for airlines, impacting their financial stability.
Near-collisions between commercial jets reached a seven-year high in 2023, with incidents peaking during the summer months.
Source: POLITICO
2024
2024
Risk Management
The bankruptcy of budget carriers like Spirit Airlines in 2024 underscores the financial vulnerabilities within the industry, necessitating robust risk management strategies.
Spirit Airlines filed for bankruptcy protection in November 2024, citing challenges in adapting to post-pandemic travel trends and increased operational costs.
Source: REUTERS
2024
2024
Insurance
The emergence of advanced air mobility technologies, such as autonomous air taxis, introduces new regulatory and safety challenges, influencing insurance underwriting practices.
The FAA published final regulations for electric vertical takeoff and landing (eVTOL) vehicles in October 2024, marking the first new aircraft category since helicopters in 1940.
Source: THE VERGE
2024
2024
We search for both Visible and Hidden Risks in your operations.
Visible Risks
- Aircraft Physical Damage
- Passenger Liability
- Ground Equipment and Infrastructure
- Workers' Compensation
- Hangar Operations
- Aviation Products Liability
- Airport Premises Liability
Next, we apply our EBITDA Edge framework to your business…
1
Discovery
- Comprehensive aviation operation analysis
- Fleet and infrastructure assessment
- Safety management system evaluation
- Regulatory compliance review
- Global exposure mapping
2
Risk Mitigation
- Advanced safety management programs
- Pilot training and certification tracking
- Ground operations safety protocols
- Cybersecurity enhancement strategies
- Emergency response planning
3
Modeling & Analytics
- Fleet utilization optimization
- Route profitability analysis
- Fuel consumption modeling
- Weather impact assessment
- Risk-adjusted performance metrics
4
Claims Process
- 24/7 global claims reporting
- AOG response protocols
- Digital documentation systems
- Business interruption minimization
- Return-to-service acceleration
5
Risk Transfer
- Hull and liability program design
- War risk coverage optimization
- Alternative risk financing solutions
- Captive program development
- Environmental liability transfer
We focus on the business drivers that impact your business…
-
Route network optimization
Fleet modernization strategies
Charter service development
MRO (Maintenance, Repair, Overhaul) capabilities
International market access
Strategic partnership development
Technology adoption pathways
Sustainable aviation initiatives
-
Fuel procurement strategies
Supply chain optimization
Maintenance program efficiency
Ground handling operations
Safety management systems
Regulatory compliance programs
Environmental sustainability
Crew resource management
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Aircraft financing and leasing
Infrastructure investment planning
Working capital optimization
Revenue management systems
Operating cost control
Strategic M&A support
Asset utilization improvement
Capital structure optimization
Lastly, to execute on our goals, we’ve created a suite of world-class tools customized specifically for the aviation industry…
Risk Mapping Edge
Comprehensive analysis of aviation operations to identify and address unique risk exposures across your entire fleet and infrastructure.
- Detailed mapping of aircraft operations and maintenance risks
- Ground infrastructure and equipment risk assessment
- Supply chain and parts logistics vulnerability analysis
- Regulatory compliance and certification risk evaluation
- Personnel safety and training risk assessment
Risk Insight Edge
Strategic analysis of aviation industry trends and emerging opportunities in modern aircraft operations.
- Advanced aviation technology adoption strategies
- Sustainable aviation practices and environmental compliance
- MRO integration and operational efficiency opportunities
- Route network optimization and expansion analysis
- Emerging market and regulatory trend assessment
Market Intelligence Edge
Deep understanding of aviation insurance markets and rate environments across different coverage lines.
- Real-time tracking of hull and liability market conditions
- War risk and political violence coverage analysis
- Catastrophic loss impact on market pricing
- Global carrier capacity and appetite monitoring
- Emerging aviation coverage options and alternatives
Pricing Edge
Strategic approach to optimizing aviation insurance costs through safety management and operational excellence.
- Safety management system enhancement strategies
- Pilot training and certification program optimization
- Claims history analysis and loss prevention
- Alternative risk financing structure development
- Experience-based premium reduction strategies