AISystems – Press Release
AISystems, Inc. (OTCBB:ASYI) (“AISystems” or the “Company”), a technology leader in the development of business platform software for the airline industry, is pleased to announce the first commercial release of its jetEngine™ Business Planning Suite software platform (“jetEngine™ BPS”).
jetEngine™ Business Planning Suite
jetEngine™ BPS is an advanced business platform that produces a complete business plan including a cost, revenue and profitability analysis. As well, the system produces completely integrated and feasible route, fleet, crew and maintenance schedules at a speed previously unimaginable. This tool, based on advanced scheduling algorithms and features, allows for the complete redesign of the airline business planning approach. By building the business plan, satisfying all planning requirements and business objectives, jetEngine™ BPS integrates the network, fleet, crew and maintenance functions reducing the airline planning cycle from months to minutes. Another unique and very important jetEngine™ BPS feature is that it calculates a probability of success associated with each business plan providing airline senior executives confidence in their ability to execute the business plan. This paradigm shift in airline strategic planning is only possible through jetEngine™ BPS’ breakthrough technology and algorithms.
Challenges of Current Technology
Creating an airline business plan has evolved over the last 40 years into a structured, sequential process that requires the coordination of many systems, departments and planners to design and create the business plan and supporting flight schedule. Technology limitations and the complexity of the overall scheduling problem result in a series of sub-problems requiring specialized systems and knowledge in an attempt to ‘optimize’ individual parts of the solution. The end-to-end process is extremely time consuming, inflexible and often hinders an airline’s ability to achieve and sustain profitability. Utilizing current technologies to create an airline business plan and schedule has become a highly complex, expensive and often error prone process typically taking weeks to months to complete.
The approach that has been used to date faces numerous challenges, including:
• As revenue numbers are not readily available, most business plans tend to sub-optimize by focusing on cost reduction rather than profit generation;
• Most business plans are created based on a static model with few provisions for the dynamic nature of the airline industry, resulting in that the first significant ‘hiccup’ obsoletes the airline’s business plan;
• The huge number of schedule constraint factors, combined with the limitations of current technologies, force planners to limit their attention in a number of areas, likely missing large financial improvements; and
• Given the lengthy and expensive process involved in building a new schedule, planners are often very limited in their ability to perform “What If …” analysis or to quickly respond to major opportunities caused by unexpected market changes.
The net result is that airline executives often lack the critical information and potential solutions they need to take on the frenzied and highly competitive marketplace until now. AISystems’ jetEngine™ BPS addresses each and every one of these problems.