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.