Vector Airport Systems Surpasses the $100 Million Mark in Aircraft Landing Fee Collections
- Vector Airport Systems
- May 10, 2021
- 2 min read
April 30th, 2021 - This week, Vector Airport Systems surpassed $100 million in aircraft operation fees collected through the Vector PlanePass solution. Since 2005, PlanePass has been the industry-leading aircraft landing fee billing and collection solution, supporting dozens of client airports.
“Delivering $100m in revenue to our clients is a significant milestone for our PlanePass team. I am truly grateful that our clients have trusted Vector as a partner for airport landing fee & airspace revenue generation for well over a decade,” said Pete Coleton, Vector’s President. “Our entire team has worked hard to achieve a phenomenal 99.6% collection success rate and to provide a more efficient process for the collection of landing fees and other aircraft fees, which can be a complicated, time-consuming process.”
PlanePass uses a fused matrix of technologies to automatically identify aircraft operations and bill associated fees according to individual clients’ fee structures. PlanePass automatically bills any aircraft fee type: landing fees, national overflight fees, parking fees, customs fees, and others as determined by Vector’s clients. Funds are securely collected by Vector and remitted to clients, along with a variety of reports that allow total transparency into the process for Vector's clients. The in-house PlanePass collection team actively pursues unpaid balances yielding 99.6% average collection success. The solution is comprehensive with all tasks performed by the Vector team, requiring zero airport staff time.
Nothing speaks to Vector’s success more than the words of their clients. Check them out at Vector’s website: https://www.vector-us.com/testimonials
For more information about how PlanePass and the Vector team can benefit your airport or generate revenue from your national airspace, visit: https://www.vector-us.com/planepass
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