ORLANDO, FLA – Oct. 30, 2012 – SkyBOOKS, Inc., a Textron Inc. (NYSE: TXT) company, and affiliate of Bell Helicopter, announced at the National Business Aviation Association (NBAA) annual meeting and convention the launch of its new finance risk mitigation tool, the Portfolio Risk Manager.
The Portfolio Risk Manager allows finance and leasing companies to proactively mitigate and manage portfolio risk while working options are still available. The web-based program compares loan to adjusted market values based on actual aircraft condition changes.
The program allows approved parties to access the online portfolio to review the current account status or risk factors. Based on a customer’s approved Aircraft Status Report, key indicators will illustrate adjusted market value as compared to published blue book data, current market trends by aircraft model and loan to market value percentage.
Using data derived from the following data inputs, the program will create Quarterly Valuation Metric icons:
* Current Loan Balance
* Market value adjusted for conditional maintenance liability or compliance
* Quarterly Market change Trend data
* Historical Document compliance and retention
Risk managers have access to the latest conditional value analysis and maintenance status of each aircraft in a on-line, user friendly format.
“The SkyBOOKS Portfolio Risk Manager is a secure, digital document vault that maintains a copy of all original maintenance logs and component documents to help protect the asset value for both the owner and lender,” said John Willis, chief operating officer, SkyBOOKS. “Additionally, global field condition audit inspection services are available allowing operators and lenders to work more together to provide the most attractive rates possible.”
Stop by the SkyBOOKS booth #5360 to see the new Risk Manager Portfolio first hand and discuss the future possibilities.