Mumbai: CEOs of aviation companies can look forward to getting a birds eye view of the global aviation industry at the click of a button so that they can navigate their companies to greater heights of profits by taking timely decisions.

Kale Consultants and the International Air Transport Association (IATA) are developing a CEO Cockpit, a comprehensive business intelligence system that will enable the top management of airlines to take prompt business decisions based on key performance indicators in all areas of the airline revenues, costs, passenger and cargo, charter/wet lease, downturn flexibility, quality, profitability, human resources and finance.

The product, based on a rigorous economic model, will link all key performance indicators together and benchmark them with both competitors and industry leaders.

"The CEO Cockpit allows simulation along critical measures and ensures that the airline management determines areas where attention and effort could facilitate improvement in performance," says Kale Consultants managing director Vipul Jain.

IATA, representing 270 member airlines, and Kale Consultants, the leading aviation and banking software company, will begin product development after signing up early adopters. Already, over a dozen airlines have been approached. "They have given a very positive feedback," Jain says.

The product is expected to be commercially available within the next 12 to 18 months. An advisory board comprising former CEOs of airlines will provide the crucial inputs towards the development of the product.

Kales other solution suite for the airline industry includes products for passenger revenue accounting, proration, fare-auditing, deal management, cargo operations, cargo ground-handling, cargo-pricing, revenue-accounting and business intelligence solutions. It has over 40 airline customers across the world.