Note: Recently, the Wall Street Journal ran an article titled "Corporate Jet Set: Leisure vs. Business", which analyzed the use of business jets by Named Executive Officers (NEO's) of major corporations. In addition, they created the WSJ Jet Tracker, which allows the public to research FAA records for flight history of corporate aircraft. This is an excellent example of the need for proper compliance and recordkeeping, and AircraftLogs provides the best solution for accurate treatment of aircraft accounting and corporate disclosures. Please read on for more information about this important topic.
Post-flight records have become a critical "data set" in all Part 91 Flight departments. Several factors are driving a change in flight department operations:
While the factors above have been building for several years, the recent impact of the weak economy has created a "tipping point". The implications of these factors are the following:
AircraftLogs is designed to maximize the value of your flight records, and minimize your effort in extracting that value from the raw data.
This data is the basis for all "downstream" reporting, whether used internally by the flight department or synthesized into reports for senior management. It is the most critical information in the Flight Department.
Almost all Flight Departments have this data in "raw form" in various paper forms, spreadsheets or accounting systems. Housing this data in a single, integrated system is a critical requirement for Flight Departments to be able to guide their own future within a corporation. Without control of this data, Flight Departments may not properly communicate the value they provide to senior management, either through lack of communication or through ineffective reporting.
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