Register to view this On-Demand Webinar (recorded 16th January 2025) to see the latest evolution of Generative AI technology (ChatGPT, Large Language Models – LLMs, ML – Machine Learning) for aviation with a demo of FinTwin® from KeepFlying®, designed to provide airlines, lessors, and MROs with the tools needed to generate aircraft, engine, or component specific what-if simulations in order to model future scenarios; and enables airworthiness and maintenance data sets to be LLM ready to take advantage of NextGen analytics. As you will see, FinTwin® interfaces with and draws data from existing ERP, MRO / M&E Systems, as well as other digital sources of maintenance, airworthiness and operational data – such as scanned PDFs; AI/ML techniques are then applied to the data.  Via demos of the FinTwin® platform, you will then see a series of use cases for airlines, lessors and MROs on how this data can be deployed in aviation tuned LLMs to model future scenarios and generate ROI on various business streams including increasing maintenance slot profitability, reducing inventory / spare parts holding costs, minimizing aircraft lease redelivery costs, and optimizing hangar and shop visits including automated task cards audits; plus specific aircraft and asset revenue and trading scenarios such as lease extensions, part-outs, and P2F conversions.  KeepFlying® will also demo their aviation equivalent of Chat GPT – the SkyBot™ CAMO co-Pilot, and how it interprets Airworthiness and Maintenance back to birth records in a matter of minutes to optimize aircraft transitions, evaluate the applicability of any modifications and their commercial impact, or chat with documents to search and retrieve references.

During the Webinar you will see demos of two FinTwin® solutions, showcasing the advanced and next generation features. Firstly, the FinTwin® Airlines & Lessors edition for AI driven records, automated Task Card audits, SkyBot™ CAMO co-Pilot to search documents, model aircraft transitions and redeliveries, AOG Risk Profiling, optimization of inventory and stock holding, SLA Tracking, and more. Secondly the FinTwin® MRO edition to manage MRO production plans, facilitate digital engine inductions, calculate residual values, predict scrap rates, manage capacity balancing and schedule optimization, utilize advanced forecasting techniques to optimize shop visits, and more. Finally, the KeepFlying® team will show how to easily deploy FinTwin® at any airline, MRO and Lessor and how to realize immediate ROI benefits.

The webinar is divided into seven key sections.

1. How can the KeepFlying® FinTwin® help ingest, validate and index back-to-birth records?
   Complex Airworthiness and Maintenance Records have traditionally been interpreted by experienced Aviation professionals to understand the status of an Aircraft, Engine or Component. While human experience can never be replaced, you will see how the KeepFlying® Aviation tuned Language Models allow Airlines, Lessors and MROs to have their data ecosystem ready to be consumed by LLMs that can offer great ROI across their business functions. You will see how KeepFlying® tune these LLMs to each Aircraft and Engine type.
   
   
2. FinTwin® Demo 1: Managing MRO Production Plans, Bid-to-Cash & Profitability tracking for Engine MROs
   Engine MROs achieve a slot profitability on an average of anywhere between 5-8% (when times are good). Data driven techniques in KeepFlying® can help MROs realize a slot profitability of around 13%, which can translate to over US$250k in bottom line revenue per engine overhaul. How can KeepFlying® add value across Engine MRO functions from Commercials, to Gate 0 Engineering across the Shop Floor Gates 1-4?
   
   In this section, you will see the demo focusing on how profitability of Engine Shop Visits can be visualized and maximized prior to Engine arrival in shop using advanced forecasting techniques (configured for each Engine Type) and a Discrete Optimization Planning framework.  Key features you will see include:
   
   Bid to Cash
   – Stress test Contract NTEPs
   – Compare Production Plan simulations across commercial stages
   – Predict Work Scope Escalations
   – Simulate Shop Visit Costs & Profitability
   
   Digital Engine Inductions
   – Induct incoming engines digitally (ingest PDF, Excels of Engine Records)
   – Periodically update Engine data to impact simulation results
   – Consume Engine data in Spec2500 format
   – Update Production Plans to stress test capacity & TAT impact
   
   Predict Scrap Rates
   – Link Technical, Environmental and Operational parameters to Assets based on Operational Routes
   – Predict Scrap Rates of components through ‘what-if’ simulations
   – Feedback Scrap Rate TEP to commercials for Contract terms
   – Customize scrap rate models and parameter weightages to suit your operations
   
   Engine Cost Build Up
   – Track Engine Cost Build up through interface with WIP ERP data
   – Track real-time slot profitability
   – Deploy Advanced Planning & Scheduling Algorithms to assess impact on Costs, TAT
   – Predict slot profitability based on WIP data – assess mitigation options
   
   
3. FinTwin® Demo 2: Scrap Rate Prediction, Maintenance Economics Forecasting
   Engine PPIs and Trade Due Diligence around records can consume on an average US$50k per engagement. Interpreting Engine back-to-birth records, especially if the engine has flown across different operators, environments and thrust ratings, is a time-consuming process. How can KeepFlying® bring these costs down and simulate, forecast maintenance economics?
   
   Next you will see the focusing on maximizing the revenue potential of an Engine over its Remaining Useful Life (RUL). This edition focuses on tracking residual life of Engines & Components as a factor of projected usage (Utilization, Environment, & Severity, Stub Loss) and monitoring projected cashflows as a factor of direct maintenance costs, contracts, LLPs, scraps and rentals. Key features you will see:
   
   AI Driven Records management
   – Ingest, process and update digital records (PDF, Excel, Word) from CMS automatically
   – Chat with your documents to search, retrieve references (Skybot™ CAMO CoPilot)
   – Update records by ingesting PDFs through lessee portals periodically (e.g. monthly utilization reports)
   – Auto-generate LLP back-to-birth records
   
   Shop Visit Forecasts
   – Link projected utilization scenarios to simulate DMC per FH, LLP Costs per FC
   – Simulate impact of phase out conditions
   – Assess impact of USM on projected costs
   – Customize cost models to suit your operational needs
   
   Predict Scrap Rates
   – Link Technical, Environmental and Operational parameters to Asset based on Operational Routes
   – Predict Scrap Rates of components through ‘what-if’ simulations
   – Assess impact of USM on rojected costs
   – Customize scrap rate models and parameter weightages to suit your operations
   
   Residual Values
   – Assess Residual Value risk of powerplant through ‘what-if’ simulations
   – Interface with 3rd Party Supply Chain systems to reflect dynamic pricing of parts
   – Simulate End of Life scenarios
   
   
4. FinTwin® Demo 3: Managing MRO Production Plans, NRC predictions, Bid-to-Cash & Profitability tracking for Airframe MROs
   Prediction and management of Non-Routines is a challenge within Airframe MRO environments. Linking the predictions to material demand, manpower planning is critical to attaining contracted TAT and improve slot profitability.
   
   Key features you will see:
   
   Bid to Cash
   – Stress Test Contract NTEPs – FP, T&M elements
   – Compare Production Plan Simulations from Prospecting to Slot Sale
   – Predict NRCs
   – Simulate Visit Costs & Profitability
   
   NRC Approval Workflows
   – Capture tasks estimated to take longer than a specific threshold (10hrs)
   – Introduce an Approval Workflow for these tasks
   – Capture approval sign-off for each task to ensure that tasksare approved by internal and external parties
   – Provide a dashboard to offer single-source of truth status tracking of approvals.
   
   Capacity Balancing & Schedule Optimization
   – Accurate task level forecasts to assist Discrete Optimization driven scheduling for TAT Risk Mitigation
   – Material Control Impacts on Task Delivery & Estimated Delivery Dates ofMaterial adversely affecting the Visit Plan
   – Simulate and mitigate risks as a factor of manpower, material and services
   
   Critical Path Forecasts
   – Interface with live WIP data to forecast risks and critical paths
   – Deploy Advanced Planning & Scheduling Algorithms to assess impact on Costs and TAT
   – Global Dashboards to communicate the hangar plan, visit plan and man-power resource budget and ‘spend’ to staff members across the business
   
   
5. Demo 4: FinTwin® – Airlines and Lessors Edition
   
   Key features you will see:
   
   AI Driven Records
   – Ingest, process and update digital records (PDF, Excel, Word) from CMS automatically
   – Chat with your documents to search, retrieve references (Skybot™ CAMO CoPilot)
   – Update records by ingesting PDFs through lessee portals periodically (e.g. monthly utilization reports)
   
   Task Card Audit
   – Process scanned task cards to check for completeness – e.g. signatures, removal records, ARCs etc.,
   – Compare Tally Sheets with Task Cards to validate completeness
   – Validate HTC, OCCM component certifications
   
   Skybot™ Lease Sync
   – Process Utilization reports & Lease Agreements automatically
   – Compare reported utilization with lease terms to check for operational and administrative alerts
   – Verify reportedutilization with ADS-B data for variances
   – Interface with CMS to raise MR Invoices
   
   Transitions & Redeliveries
   – Compare ’as-is’ and ’to-be’ delivered statuses to create transition ROM costs
   – Track status of Components, LLPs, AD/SB/MODs against redelivery conditions to project potentialviolations
   – Dynamically ingest updated records to reflect redelivery plans & statuses
   
   
6. FinTwin® Demo 5: FinTwin®: Supply Chain | Dynamic Replenishment and Inventory Cost Optimization, Managing AOG Risks
   In an environment of Supply Chain bottlenecks and procurement constraints, Airlines are finding the balance between Inventory Holding and Procurement TATs to dynamically replenish stock as a factor of forecasted demand by fleet and constrained supplies. Tracking SLAs against vendors and ensuring avoidance of AOG risks owing to part unavailability, or avoiding AOG procurement is what helps drive profitability. Key features you will see:
   
   Inventory & Stock Holding
   – Track Min-Max and Safety Stock levels dynamically
   – Assess & Optimize Inventory Holding & Carry Over Costs
   – Simulate seasonal, non-stationary and intermittent demand
   – Assess vendor grouping for purchase price optimization
   
   SLA Tracking
   – Ingest & process vendor documentation automatically
   – Track performance of vendors against agreed SLAs
   – Assess warranty and claims opportunities
   – Enable Spec2000 Chapter 14 WarrantyClaims workflows
   
   AOG Risk Profiling
   – Assess AOG Risk by MSN based on Reliability data and current inventory levels
   – Expedite repairs to avoid high procurement costs
   – Assess and streamline AOG procurement costs through RCA
   
   Vendor Rating
   – Rate vendors through Pricing, Lead Time & Quality metrics
   – Optimize shipping costs through smart grouping of procurement by vendors
   – Trigger renewals of vendor approval processes automatically
   
   
7. How to deploy KeepFlying® in any Airline, MRO, Lessor Environment and realize ROI in weeks
   As you will see, deploying KeepFlying® is a quick and straightforward process, offering immediate ROI benefits.
   
   This solution easily integrates with existing ERP, MRO/M&E systems and other digital data sources, enhancing data management and unification. Its advanced data implementation and wrangling capabilities significantly enhance the quality of your maintenance and operational data. By carefully organizing, cleaning, and transforming your data, KeepFlying® ensures that the information you rely on is accurate and reliable.
   
   Whether in shared or private cloud environments, KeepFlying®’s flexible deployment matches your needs. The intuitive interface, combined with AI/ML-powered simulations for optimizing operations, ensures swift adaptation and impactful results. In just a few weeks, KeepFlying® significantly boosts operational efficiency and decision-making, leading to substantial ROI and improved data reliability.

About the Aircraft IT Webinar Series:

Every 2 weeks the Aircraft IT website hosts a different live Webinar, each Webinar hosted by a different IT Vendor. These sessions represent the perfect opportunity to learn about a software solution in a more informal manner and to quickly gain an in-depth knowledge of all the major systems on the market, all from the comfort of your own office or home with no sales pressure.

The IT vendor provides a live software demonstration/masterclass of their solution and explains how it can benefit airlines, MROs, Operators, OEMs, Leasing Companies. Once logged on, online delegates can ask questions via the interactive sections of the Webinar or simply sit back and watch and listen to the demonstration. There are two sessions during the day, each differently times to accommodate all time zones.

Each Webinar session is recorded, and an On-Demand version is then posted back to the Aircraft IT website a few days after the live session to allow you to view the content again with your colleagues. The library of On-Demand Webinar recordings provides an invaluable reference source of Flight Operations software demonstrations from the World’s leading Flight Operations IT Vendors.

For a full list of upcoming Webinars Click Here
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