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Regional One Inc Chooses SPARTA Enterprise Asset Management Software

Regional One Inc Chooses SPARTA Enterprise Asset Management Software

Dublin – 22-02-2021 – Acumen Aviation (“Acumen”) is pleased to announce that Regional One Inc, a purchaser, lessor, and seller of aircraft, aircraft parts, engines and engine parts, has chosen Acumen’s SPARTA Enterprise Asset Management software solution to support its entire fleet, comprising of more than 170 aircraft, engines and other major assemblies.

SPARTA is a cloud-based integrated platform designed , based on an in-depth understanding of aircraft asset management, to provide clients with a seamless, connected and intuitive way of organising and controlling a vast array of data spanning the complete life cycle of multiple assets.  Regional One is unique in its business model and provides some unconventional leasing solutions to its customers.

When Regional One approached Acumen, a culmination of incumbent platform architecture, legacy software programs and lack of in-house development capabilities were creating difficulties in delivering responsive customised solutions for their clients within the platform.  These were the key contributors for Regional One to seek to find a fit for purpose solution.  Regional One has chosen Acumen for a long term deal and its SPARTA solution as a platform of choice for its Asset Management functions.  Owing to SPARTA’s open source, new age technology architecture and an experienced product development team, Acumen was able to easily interpret and understand the requirements and therefore deliver well executed tailor -made solutions to Regional One.  Examples of some specific solutions developed by the Acumen team for Regional One include Hybrid (Fixed and PBH combination) Rentals, Maintenance Reserve management, automation for setting up banking and lessor details, flexibility in generating invoices on demand, cashflow management / analysis and customised management reports.  This SPARTA implementation project also provided Acumen with deep insights which will be used to drive further product improvements.

 Alok AnandCEO, Acumen said: Regional One and Acumen have a long-term relationship which is now strengthened even further with SPARTA. What started as a records program has been diversified into multiple dimensions of asset management partnership.  I am grateful to Regional One for their trust and support and hope we make them shine even brighter in the days ahead”.

 Hank Gibson – President, Regional One said: “The implementation of SPARTA marks another important milestone in the partnership between Regional One and Acumen.  The SPARTA platform will provide Regional One with the technology to efficiently execute our portfolio management needs”.

About Acumen Aviation

Acumen is an aircraft asset lease manager with a global platform, established in 2009, headquartered in Ireland with offices in India, China and the USA.  Acumen’s management team has over 300 years of cumulative experience with a permanent staff of over 90 people. Acumen offers a full range of services throughout the lifecycle of the aircraft including aircraft sourcing, pre-purchase inspections (physical and records), project management, lease management, re-marketing, fleet audits, aircraft trading, powerplant management, aircraft valuations and CAMO services. Its customers include aircraft lessors, airlines, banks, private equity and investors.

About Regional One

Regional One is a purchaser, lessor, and seller of aircraft, aircraft parts, engines and engine parts, offering worldwide support to regional and commercial aircraft operators. Their team of expert aviation professionals operates from their corporate offices and warehouse facilities strategically located in Miami, Florida. With an extensive inventory, a wide range of products and support services, Regional One possesses all the right resources, experience, and capabilities to provide the best quality of service to its customers and business partners. Over the years, Regional One has built an integrated portfolio of solutions and services offering leasing, sales, lease backs, consignment management, teardown management, repair management, flight hour programs, asset valuations and much more.

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