Optimizing Aircraft Lighting: Calculating Total Cost of Ownership Supports Informed Decisions
Keeping a close watch on expenses is vital to maximizing the efficiency and profitability of any business. When it comes to aircraft lighting, those responsible for purchasing lamps that keep an aircraft running in peak condition will, of course, always factor cost into their decisions. However, beyond the initial price of any aircraft lamp, it is also important to evaluate a product’s total cost of ownership (TCO). While initial purchase costs do matter, there are other considerations that come into play, such as ongoing maintenance, repair and replacement, in addition to the lost revenue from a plane’s downtime due to lighting replacement. Over an aircraft’s lifespan, these expenses can contribute significantly to TCO. Having a clear understanding of TCO empowers the ability to make informed decisions, plan effectively and optimize the company’s investments over the long term.
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