Research shows aviation companies implementing comprehensive Safety Management Systems achieve a 4:1 return on investment through reduced insurance premiums, protected revenue streams, operational efficiency gains, and data-driven decision making that transforms safety from a cost center into a strategic business advantage.

The International Air Transport Association’s 61st Annual Safety Report confirms what industry professionals have long understood: systematic approaches to safety management yield measurable results.

The EASA Safety Review 2024 offers a comprehensive analysis of European aviation safety trends. Key findings include a record low of fatal accidents in 2023, despite a surge in air traffic. However, challenges such as unlawful acts, complex human-machine interfaces, and cargo operation risks persist. The report emphasizes the importance of effective Safety Management Systems (SMS) and introduces a new chapter on drone safety.

The aviation industry is transitioning to Risk-Based IOSA audits, promising shorter, more focused assessments. This article explores the key changes, including reduced audit scope, remote reviews, and a focus on safety management systems (SMS) maturity. Additionally, we show how iQSMS can support you in navigating this new IOSA audit approach.