The following blog posting was moved from my other blog http://part66school.blogspot.com/. It was posted in error into that blog, where the blog is reserved for resources for B1 examination.
An aircraft maintenance school is setup and guided by the EASA part 147 rulings to train the students to obtain the aircraft maintenance license. The curriculum of the course is stated in the Part 66.
Although the main objective of a 147 organisation is to train the students for the license, there a number of opportunities to create multiple income streams. In order to organize my thought, I would divided the opportunities into three groups...
a. based on the school's existing processes,
b. based on core competencies.
A. Opportunities based school Training Process
Students has to be trained. The process will start from selection process, classroom training, On job training, internal examination and the License Qualifying examination.
The simplified processes are shown below:
STUDENTS selection---> TRAINING --> EXAMINATION -->QUALIFYING
The group of Students also need accommodations, transport and food. These are the other avenues of opportunities.
Without going into detail discussion, the following can be a source on new income opportunities...
- students accommodation - the company can be involved in supplying the meals and the hostels.
- classroom rental - the school hours is normally between 9 to 5 pm. So classes are free for rental from 6pm to 10 pm.
- manpower resource - the trainees are trained skilled workers.They need working experience working on the aircraft, it will be a fantastic deals if they are paid to get experiences.They maybe send to work with MRO or airlines during the peak period.
- examination center - Get the approval to be a center and start earning from external students coming for exam.
- Sale of training and study - This can be a world wide business selling selling softcopy of books, training notes and study guides.
- part time classes - there may be working people wanting to acquire the EASA license.
B. Optimising the Company's Competencies
- The main competencies are managing training and content development and deliveries.
- It is possible to venture into similar business
CASE STUDY
I had seen how the training organisations in Malaysia optimized their expansion options to various degree of success. Here are some of the observations...
1. One company based in the East Coast used the company's competencies to venture into military training with limited success. Unfortunately it is facing various challenges due to unethical and illegal activities such not paying EPF ad even staff salary.
2. Another organisation in Selangor managed to combine the manpower supply with training and venturing to MRO.
3. There is one education institution venturing into aircraft maintenance training with limited degree of success. Basically they are not able to get out of the education mindset and move to the specialized structured vocational training.
