17 October 2018
AerFin and NORDAM expand strategic services agreement to include nacelle consignment for Airbus A320 engines
AerFin and NORDAM today announced an expanded strategic-services agreement to include consignment, exchange and lease-management of spare nacelles for V2500-A5 and CFM56-5B engines used on Airbus A320 aircraft belonging to A320-series operators in Europe. Under the agreement, NORDAM airline customers may access AerFin-owned components and related operational support from its main rotable-distribution base near Gatwick Airport in London. The spares allow aircraft to remain in service while NORDAM repairs their thrust reversers and nacelles, preventing potentially costly ‘aircraft-on-ground’ downtime during maintenance.
“Through our aircraft-acquisition strategy, we have built a large stock of Airbus component inventory to support our airline customers and key strategic partners through bespoke program solutions.”
The news comes as both companies exhibit at aviation-industry trade show MRO Europe. T. Hastings Siegfried, Chief Operating Officer for NORDAM’s global repair and MRO group, is also speaking on a panel about parts traceability during the conference’s technical sessions.
"By furthering our cooperation with AerFin, we’re controlling inventory costs and improving access to flight-ready, certified components and assemblies," Siegfried said. "This geographically strategic arrangement underscores the NORDAM commitment to deliver consistently outstanding service and value to our customers, anywhere in the world."
The agreement is not the only synergy between the two companies. According to Siegfried, AerFin also acquires and markets material using NORDAM-owned PartPilot.com, a global-aviation online marketplace combining a simple e-commerce experience with powerful search and negotiation tools.
Visit AerFin at MRO EUROPE 2018 stand 4016 & NORDAM at stand 6090
Founded in 1969 on family values and with multiple, strategically-located operations and customer support facilities around the world, Tulsa-based NORDAM is a leading independently owned aerospace company. The firm designs, certifies and manufactures integrated propulsion systems, nacelles and thrust reversers for business jets; builds composite aircraft structures, interior shells, custom cabinetry and radomes; and manufactures aircraft transparencies, such as cabin windows, wing-tip lens assemblies and flight deck windows. NORDAM also is a major third-party provider of maintenance, repair and overhaul services to the military, commercial airline and air freight markets. Learn more about NORDAM at NORDAM.com.
L-R, Nick Filce, Director of Asset Sales and MRO, AerFin and T. Hastings Siegfried, Chief Operating Officer, NORDAM