Aircraft Maintenance Technology - 36

CAPITAL EXPENDITURES

TIME TO UPGRADE?

10 things to consider when planning capital
expenditures for your maintenance operation.
By Jennifer Wilberschied
AIRCRAFT MAINTENANCE PROVIDERS ARE
constantly focused on maintaining aircraft in
their care - it is, in fact, what they do. However,
once in a while it is beneficial to turn the focus to
the maintenance and improvement of the facility
and the assets themselves. Hangar expansions,
new tools and equipment, facility upgrades;
these capital expenditures enable a business
aircraft maintenance team do their job better,
faster, safer. Is it time for an upgrade?
Aircraft Maintenance Technology spoke to
two suppliers of such tools and equipment,
Adrian Little, president, JETechnology Solutions,
Inc., and Scott Steward, business development
manager, Aerospace/Aviation, Snap-On. If a
maintenance provider is going to expand, they
should consider the following:

1. RETURN ON INVESTMENT (ROI)
A good return on investment is key to
expanding a facility, improving the existing space or even obtaining new equipment
and tools. "Build a detailed business plan
that shows the ROI numbers and the period of time to recoup the capex investment,"

explains Steward. "It provides a much better
chance of obtaining approval from your company's leadership."

2. GOALS
Make sure you prioritize your goals, both
for the short term and the long term. "Lean,
safety, productivity, among others," Steward
suggests.

3. MAINTENANCE
Buying new equipment, tools or machinery
can be exciting, with big plans to do great
things. However, you must account for
long-term costs down the road. "Be sure
to include any costs to maintain machinery/
equipment, for example, extended warranties, etc., you are planning to purchase," says
Steward. Little echoes the statement: "Additional
funds for support equipment may be needed that
were not budgeted in order to ensure that the
new equipment use is maximized in the new
environment."

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October 17-19, 2019
London, UK


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Aircraft Maintenance Technology

Table of Contents for the Digital Edition of Aircraft Maintenance Technology

Changing of the Seasons
Nip/Tuck: Aircraft Edition
Staving Off Obsolescence
The Business of Biz-Jet Maintenance in Latin America
Airlines Need MROs to be More Like Pit Crews
Stepping Up Ladder Safety
Time to Upgrade?
Browsing the Digital Library
Product Showcase
Only the Paranoid Survive: Overcoming Complacency
It Takes Teamwork to Identify Safety Challenges
Can People be Trained to Become Better Service Providers?
Advertisers' Index
Refresh + Renew
Aircraft Maintenance Technology - 1
Aircraft Maintenance Technology - 2
Aircraft Maintenance Technology - 3
Aircraft Maintenance Technology - Changing of the Seasons
Aircraft Maintenance Technology - 5
Aircraft Maintenance Technology - 6
Aircraft Maintenance Technology - 7
Aircraft Maintenance Technology - Nip/Tuck: Aircraft Edition
Aircraft Maintenance Technology - 9
Aircraft Maintenance Technology - 10
Aircraft Maintenance Technology - 11
Aircraft Maintenance Technology - 12
Aircraft Maintenance Technology - 13
Aircraft Maintenance Technology - 14
Aircraft Maintenance Technology - 15
Aircraft Maintenance Technology - Staving Off Obsolescence
Aircraft Maintenance Technology - 17
Aircraft Maintenance Technology - 18
Aircraft Maintenance Technology - 19
Aircraft Maintenance Technology - 20
Aircraft Maintenance Technology - 21
Aircraft Maintenance Technology - The Business of Biz-Jet Maintenance in Latin America
Aircraft Maintenance Technology - 23
Aircraft Maintenance Technology - 24
Aircraft Maintenance Technology - 25
Aircraft Maintenance Technology - 26
Aircraft Maintenance Technology - 27
Aircraft Maintenance Technology - Airlines Need MROs to be More Like Pit Crews
Aircraft Maintenance Technology - 29
Aircraft Maintenance Technology - 30
Aircraft Maintenance Technology - 31
Aircraft Maintenance Technology - Stepping Up Ladder Safety
Aircraft Maintenance Technology - 33
Aircraft Maintenance Technology - 34
Aircraft Maintenance Technology - 35
Aircraft Maintenance Technology - Time to Upgrade?
Aircraft Maintenance Technology - 37
Aircraft Maintenance Technology - Browsing the Digital Library
Aircraft Maintenance Technology - 39
Aircraft Maintenance Technology - Product Showcase
Aircraft Maintenance Technology - 41
Aircraft Maintenance Technology - 42
Aircraft Maintenance Technology - Only the Paranoid Survive: Overcoming Complacency
Aircraft Maintenance Technology - It Takes Teamwork to Identify Safety Challenges
Aircraft Maintenance Technology - 45
Aircraft Maintenance Technology - Can People be Trained to Become Better Service Providers?
Aircraft Maintenance Technology - 47
Aircraft Maintenance Technology - 48
Aircraft Maintenance Technology - Advertisers' Index
Aircraft Maintenance Technology - Refresh + Renew
Aircraft Maintenance Technology - 51
Aircraft Maintenance Technology - 52
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