Financial Benefits

How can the WASP Aircraft Tail Number Identification System improve your bottom line?

• Improved accounting will increase airport fee records by more than 20 percent. WASP aircraft management tools ensure airports can accurately account for the comings and goings of all aircraft all the time. We can’t guarantee a 20 percent increase in fees, but it stands to reason that if an airport can improve reporting measures by 20 percent then its revenues might also be increased by 20 percent.
   
• Improved reporting on aircraft movements leads to greater access to federal and state funding. In many cases, federal and state airport funding decisions are based mainly on total aircraft movements at the facility. An accurate record of total aircraft movements may directly increase the operational funding obtained from both the state and federal aviation agencies.
   
• Reduced incidents with base or transient aircraft or with airport vehicles. Simply put, the surveillance capability of our system can mitigate the risks of multi-million dollar aircraft being carelessly “dinged”.
   
• Reduced insurance premiums. Insurance companies will have access to digital video records of any incident that might have occurred and may be able to determine the cause of that incident from that record. This can mean lower insurance costs.
   
• If just one aircraft incident is adjudicated through the use of the WASP system, then it has paid for itself. In other cases, the WASP system will pay for itself in less than two years simply by eliminating missed revenues.