An example method includes receiving a plurality of data streams acquired for a respective parameter of a plurality of parameters indicating an operating condition of the aircraft, selecting at least one data stream corresponding to at least one parameter of the respective plurality of parameters, selecting a portion of data from the at least one data stream, comparing the portion of data to a model determined for the at least one parameter based on historical data, determining that a failure has occurred or is likely to occur during operation of the aircraft based on the comparing, and transmitting aircraft health monitoring information indicative of occurrence or likelihood of occurrence of the failure.