CHICAGO, October 21, 2019 -- Jet Support Services, Inc. (JSSI), the leading independent provider of maintenance support and financial services to the aviation industry, and aircraft insurer Starr Aviation, a division of Starr Insurance Companies, are doubling the parts betterment coverage to $100,000 above engine part replacement cost for Starr insurance clients enrolled in a JSSI engine program on jets valued over $20 million.
This expanded coverage will enable cheaper and faster claims settlement and minimize out-of-pocket expenses for unscheduled claims. Companies working with both JSSI and Starr will also have fees waived that are typically incurred with a JSSI review and oversight of the initial claim.
“We saw an opportunity to add more value to this program for our medium to large business jet clients and decided to double the betterment coverage,” said Kyle Sparks, senior vice president and chief underwriting office of Starr Aviation. “Clients have already seen the benefit of our alignment with JSSI in a streamlined maintenance claims process. Expanding the coverage takes our service to another level, creating a more cost-effective experience.”
Starr Aviation and JSSI began providing this service to Starr clients in 2017. The collaborative maintenance management service enables Starr to utilize JSSI’s global network of technical advisors to closely manage off-wing engine and auxiliary power unit events.
“This continued strategic alliance with Starr Aviation brings even higher levels of service and cost savings to our clients when unexpected events occur. We look forward to expanding this collaborative relationship with Starr to deliver more value to business aircraft owners and operators globally,” stated Lou Seno, president of JSSI Advisory Services.
About Jet Support Services, Inc.
For 30 years, Jet Support Services, Inc. (JSSI), has been the leading independent provider of maintenance programs to the aviation industry, covering virtually all makes and models of aircraft, engines, and APUs. JSSI provides its customers with comprehensive, flexible and affordable financial programs and tools for managing the often unpredictable costs of operating and maintaining business and commercial jets, turboprops and helicopters. As the creator of the revolutionary Tip-to-Tail® Program, JSSI is the only single source provider of this trademarked service. JSSI serves customers globally and manages maintenance services through its worldwide infrastructure of certified technical advisors.
Other JSSI Services:
JSSI Parts & Leasing provides aircraft parts, leasing and supply chain solutions. From a single bolt to a complete engine, customers gain access to a vast inventory of aircraft parts, engines and APUs and a global vendor network to source assets for anything that flies. All backed by the buying power and expertise of one of the largest purchasers of parts and maintenance services in the aviation industry.
JSSI Advisory Services utilizes JSSI’s technical expertise and global network to inspect aircraft, perform ASA-certified appraisals, assist with maintenance cost planning, manage maintenance events, and provide insurance claims management. JSSI’s dedicated Asset Monitoring Platform (AMP), is available to aviation lenders as a tool to assist in the mitigation of risk and the management of financed aircraft.
Conklin & de Decker is a leader in aviation research, consulting and education. The mission of Conklin & de Decker is to enable the general aviation industry to make more informed decisions when dealing with the purchase, operation and disposition of aircraft by furnishing objective and impartial information.
Tracware Limited is an innovative developer and global provider of aviation process control software to clients including third-party maintenance, repair and overhaul (MRO) providers, original equipment manufacturers (OEMs) and those managing their own aircraft fleet. Tracware’s Aerotrac software offers a 360-degree view of all MRO functions and brings complete control to business processes.
For more information, visit jetsupport.com.
About Starr Insurance Companies
Starr Insurance Companies (or Starr) is a marketing name for the operating insurance and travel assistance companies and subsidiaries of Starr International Company, Inc. and for the investment business of C. V. Starr & Co., Inc. and its subsidiaries. Starr is a leading insurance and investment organization with a presence on six continents; through its operating insurance companies, Starr provides property, casualty, and accident and health insurance products as well as a range of specialty coverages including aviation, marine, energy and excess casualty insurance. Starr’s insurance company subsidiaries domiciled in the U.S., Bermuda, China, Hong Kong, Singapore and U.K. each have an A.M. Best rating of “A” (Excellent). Starr’s Lloyd’s syndicate has a Standard & Poor’s rating of “A+” (Strong). For more information on Starr Insurance Companies, visit www.starrcompanies.com.
Marj Rose, MarketLift
Tom Morton, JSSI