GE Aviation Digital Solutions and GE Capital Aviation Services (GECAS) today announced a collaborative effort on electronic records exchange standards for the Aviation leasing market.

"The recent acquisition of AirVault by GE Aviation Digital offers an opportunity to further develop electronic aircraft records gathering, management and exchange," said Sean Flannery, general manager, GECAS Limited. "With planned enhancements, the product will provide new applications to airline operations while additionally serving the needs of aviation leasing companies."

GECAS is supporting the product development and looks forward to utilizing the enhanced features as AirVault expands its capability in electronic record management for movements between operators of both fixed-wing and rotary-wing aircraft.

"The combination of GE's domain expertise in flight analytics and engine diagnostics to bring disparate data together and AirVault's records management capability will further enable web-based fleet maintenance across the aviation leasing market," said Darin DiTommaso, vice president, Digital Services and Solutions for GE Aviation.

The ability to connect records and data across aviation companies and the IT systems they use to manage their fleets will drive productivity and data availability. Underpinned by GE's Predix platform for the Industrial Internet, this further strengthens the team in developing meaningful insights and optimizing operations over a wide range of aviation applications.

GE acquired Critical Technologies, Inc., branded as AirVault®, a privately-owned supplier of cloud-based digital records management on March 27, this year. AirVault's expertise to digitally manage mission-critical records across an industrial supply chain network strengthens GE's ability to focus on asset lifecycle management and maintenance optimization for the aviation industry.

GE Aviation, an operating unit of General Electric Company (NYSE: GE), is a world-leading provider of commercial and military jet engines, and avionics, digital solutions and electrical power systems for aircraft.

GE is the world's Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," where each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry.