Royal Palm Aviation, Inc. Introduces New Aviation Asset Management Programs

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Royal Palm Aviation, Inc. launches new aviation asset management programs to assist in the maintenance and preservation of aircraft for financial institutions that are burdened with sitting reposed aircraft and private owners.

Royal Palm Aviation, Inc. (RPA) initiates new aviation asset management programs to help financial institutions and private aircraft owners address the growing problem of neglected parked, non-flying aircraft in the private aviation industry. RPA's new programs provide multiple solutions that allow owners to meet the high demand of care and maintenance needed to keep an aircraft flight worthy. These aircraft management programs include but not limited to; aircraft inspections, acquiring and scheduling crews, negotiating insurance procurements, hangar acquisitions, aircraft detailing, continual long-term preservation, maintenance and remarketing for aircraft ranging from jets to helicopters. Programs are available worldwide.        

"Aircraft in general but especially large aircrafts require continual support, whether flying or not, to maintain their integrity and value which is very costly in the best of times. The current state of the economy, record high fuel prices, and increased maintenance costs have left aircraft owners not only facing potential risks of defaulting on aviation loans but also canceled insurance contracts and warranties from not meeting manufacture engine maintenance standards," stated Mr. Allegra, RPA President.

Because more and more financial intuitions are finding aviation assets in the red Mr. Allegra has been discussing how to manage this situation with banks and private owners who have decided to reduce the amount of flying while looking for buyers in this aviation down cycle. Aircraft like the Gulfstream IV maintenance manual requires everything from the engines to the tires be serviced on a weekly basis regardless of use. The costs for non-compliance on maintenance for Gulfstream owners could easily exceed millions just to restore the aircraft to airworthy condition.

RPA tailor makes management and maintenance programs based upon the owners' needs, cost and desires for their aircraft. In addition, they provide long-term preservation or flight ready services for continual flight. RPA is currently in development of a unique sales channel to market aircraft not only domestically but internationally through a on-line platform that is seldom seen by local dealers. RPA uses a similar scanner to the Smithsonian Institute to post documents and maintenance logs for aircraft under management and sale on their website http://www.rpa.areo.

Mr. Allegra's has been a pilot and brokering aircraft for the past 35 years. His life experience and expertise goes back to his youth as the son of a car dealership owner who was taught early on that proper maintenance and preservation will give longevity and safety to the life of a product. Now more than ever before does this message ring true in the aviation industry as planes sit beyond recovery as the cost to make them flight worthy becomes greater than their resale value.

Royal Palm Aviation is a full service aviation asset management company that assists both financial institutions and private owners with the preservation of their aircraft. RPA designs custom programs for aircraft recovery, management, maintenance, flight ready services, preservation and sales for aircraft ranging from jets to helicopters. For more information about RPA and its services visit http://www.rpa.aero.

Contact:
Jennifer Brockway, Media Relations
(561) 361-4244

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