- Software modernizes the way aircraft lessors manage leased asset documentation
- Irish lessor that specializes in Turbo-propaircraft to save time and facilitate collaboration with lessees on records transition
FARNBOROUGH, UK – JULY 20, 2022 — GE Digital today announced that Abelo, formerly Elix Aviation, has purchased Asset Transfer System™, a software package that helps streamline and simplify the way leased asset documentation is managed between airlines and lessors. With two modules, records management and project management, lessors can help drive efficiency through the lifecycle of a leased asset while maintaining compliance with document storage.
Located in Dublin, Ireland, Abelo is a regional aircraft leasing platform established in 2013 to offer comprehensive asset management and leasing solutions to airlines, lenders, and investors in the regional aircraft market. The company specializes in the leasing of Turbo-prop airplanes offering services across all aspects of the asset ownership cycle, from deal origination, acquisition, leasing and asset management, through to end-of-life solutions.
The records module of Asset Transfer system is designed to allow users to organize, view, search, retrieve, download, and transfer documents digitally while supporting records compliance. The project management module enables users to create projects, view dashboards to see project status, view status of multiple projects in parallel, and interactively manage the lessor checklist status of required documentation. The module has a modern interface that provides clear identification of stakeholders, documentation management status, and a digital master issues list to give a complete “at a glance” view of lease transition projects.
Included in the tool is an administration module that provides users the ability to manage permissions, assets, checklists, and more. The Asset Transfer System helps drive efficiencies for both the airline and lessors throughout the entire life of a leased asset to include aircraft deliveries, annual inspection audits, and asset transitions.
“Our need to make better use of technologies like Optical Character Recognition (OCR) and digital search capabilities were the draw to the GE Digital software,” said Steve Hayes, Head of Technical for Abelo. “It is these time savers that will be very attractive to potential customers, knowing that they can also maintain compliance with document storage rules for reporting.”
Project search within Asset Transfer System allows a user to search for documentation within the asset and project checklist structure, while the document search allows the user to search for any document across any project using filters and OCR free text search.
“We are pleased to be working with Abelo to enable the ability to digitally transition aircraft,” said Andrew Coleman, General Manager for GE Digital’s Aviation Software business. “The team is committed to using technology to achieve their business goals while bringing great benefit to their customers enabling further investment in the regional Turbo-prop sector. We are honored to help them meet and achieve these goals.”
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For media inquiries, please contact:
Ellie Holman
Product & Technology Communications
GE Digital
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