Will Showcase Cost-Mitigating Tool At NBAA 2007

SkyPLUS Technologies tells ANN the company recently introduced the SkyPLUS Portfolio Risk Manager, a complete portfolio early warning risk mitigation tool. The tool is intended to provide an intuitive quarterly indication of financial institutions’ aircraft loan and lease portfolios including customized reports for: loan balance to actual adjusted market value; market trend indications; and, deferred maintenance status through an easy to understand, simplified, multi-color stop light report.

Portfolio Risk Manager supports all airplane and helicopter products, according to the company.

Leading warning indicators have proven to be critical in managing risk and avoiding potentially large aircraft losses due to customer defaults. Two primary indicators are maintenance deferrals and loss of equity due to market changes or aircraft component consumption. Risk mitigation reduces the cost of loans to both banks and customers; therefore, many financial institutions currently require both initial and recurring on-site condition inspections as a requirement of the loan process.

That's a time consuming and costly process... for both the customer and lender. SkyPLUS says its Portfolio Risk Manager provides this critical risk mitigation information while significantly reducing the effort, associated expenses and external travel requirements associated with this process.

SkyPLUS also offers the Portfolio Risk Manager - Plus, which adds all the features and benefits of the SkyBOOKS maintenance tracking and document archive system to the Portfolio Risk Manager.

In addition to providing financial institutions and aircraft operators with visibility to a color coded aircraft maintenance status report, Portfolio Risk Manager - Plus provides a complete digital copy which is routinely updated of all historical maintenance documents and part tags that meet the Federal Aviation Administration replacement guidelines, thus protecting the aircraft residual value in the event of a loan default.

"Portfolio Risk Manager – Plus provides lenders the critical tool necessary to protect the integrity of their portfolio value," said John Willis, Chief Operating Officer of SkyPLUS Technologies. "We are excited about the value this new product offering brings to the financial service providers and are confident, through the use of this technology product, that lenders can now proactively manage the "troubled" loans in their portfolio and effectively reduce the loss associated with incomplete logbooks in the event of a loan default."

SkyPLUS Technologies will spotlight its Portfolio Risk Manager during the 60th Annual NBAA Convention in Atlanta, later this month. Interested parties are invited to stop by booth #4433 for more information.

FMI: www.skybooks.com