Maximising Efficiency in Aircraft Leasing

Introduction
We are proud of our partnership with a key player in the field of aircraft leasing activity in the Middle East. Their mission is to maximise efficiency by providing accounting and reporting services to over 50 underlying Special Purpose Vehicles (SPVs) that facilitate aircraft leasing for a Middle Eastern fleet.

Background
Our client’s journey began over a decade ago when they embarked on their aircraft leasing venture. Their initial mandate was to establish accounting for the first five SPVs in the first year of operations. Today, they oversee more than 50 SPVs, each holding aircraft leased to Middle Eastern airlines. Their commitment to excellence and their dedication to providing consistent services sets the stage for our enduring partnership.

Challenges
Managing a growing portfolio of SPVs and ensuring timely, accurate accounting and reporting to meet International Financial Reporting Standards (IFRS) standards presented several challenges. Key challenges included:

• Tight Deadlines: Required consistent and timely quarterly reporting to investors and financiers.
• Annual Audits: The need for annual audit support and liaison for all SPVs.
• Bespoke Reporting: Crafting investor and client reports that catered to the unique needs of stakeholders.

Solution
Yasira provided a tailored solution that addressed their specific needs:

• Dedicated Team: We assembled a dedicated team of experts providing tailored accounting and reporting services adhering to IFRS standards.
• Timely Reporting: Our team ensured that quarterly reporting was consistently delivered within tight deadlines.
• Annual Audit Support: Yasira provided essential support and liaised with auditors for all 50+ SPVs to facilitate annual audits.
• Bespoke Reporting: We crafted bespoke investor and client reports that provided valuable insights tailored to the unique requirements of stakeholders.

Results
Through our partnership, our client achieved significant benefits:

• Operational Efficiency: Yasira's tailored services maximise efficiency, allowing our client to focus on their core aircraft leasing activities.
• Consistency: Our client benefited from consistent services that met tight deadlines, ensuring timely reporting to investors and financiers.
• Transparency: Bespoke reporting enhanced our client’s communication with stakeholders, fostering trust and confidence.

Conclusion
Our client collaboration stands as a testament to our commitment to simplifying complex accounting and reporting challenges in the aircraft leasing industry. Over a decade of partnership, we have empowered our client to achieve operational excellence while maintaining a strong rapport with investors and financiers.

Continuing to leverage Yasira's expertise in tailored accounting and reporting services will enable them to sustain their success in the aircraft leasing sector. Exploring opportunities for further innovations and enhancements could further streamline operations and reinforce their position as an industry leader.

Testimonial
"Yasira's tailored accounting and reporting transformed our aircraft leasing operations. Meeting tight deadlines and bespoke reports were key to our success. Yasira is a valuable partner."