11 April 2018
AerFin & GE Aviation Sign Material Service Agreement
AerFin has signed a three-year TrueChoice™ Material Service Agreement with GE Aviation for serviceable OEM parts, advanced repair and technology upgrades for the CFM56, CF34 and CF6-80C2 engines.
“Since its inception, AerFin has seen the clear value of OEM-centric material support,” said Bob James, CEO of AerFin. “With the TrueChoice™ Material program, we can further enhance and strengthen our relationship with GE Aviation in the future.”
Commenting on the agreement, Jean Lydon-Rodgers, President and Chief Executive Officer of GE Aviation’s Services, added, “GE Aviation has extensive component repair capabilities, and we continually invest in new repair techniques to help our customers. This agreement will bring our component repair offerings to AerFin’s customers for their CFM56, CF34 and CF6-80C engines.”
- 2018 Awarded: Financial Times FT1000, fastest-growing Aerospace & Defence Company in Europe and 23rd overall fastest-growing company in Europe based on Compound Annual Growth Rate in the last three fiscal years.
- 2017 Winner: Sunday Times Virgin Fast Track 100
- 2017 Winner: Britain’s fastest-growing mid-market company by way of international sales (The Sunday Times HSBC International Track 200)
- 2017 Winner: Fastest-growing exporter in the UK (The Sunday Times HSBC International Track 200)
- 2017 First company to win Wales FastGrowth 50 for two years running
Michael Brain. E: [email protected] | T: +44(0) 2921676304
Adam Wurf. E: [email protected] | T: +44(0) 7812450398
AerFin Ltd specialises in aircraft end of life solutions, using an extensive inventory holding to support its airline and MRO customer base with quality used material to reduce maintenance costs whilst maintaining the quality and integrity of the asset.
With a particular focus on regional Embraer jets as well as narrow-body Airbus and Boeing aircraft, AerFin’s portfolio of services range from Power By the Hour (PBH) support packages for airlines, 24/7 AOG support from both London- and Singapore-based distribution centres, engine leasing, innovative material supply programs for MROs including its Beyond.Fleet.Services™ programme in conjunction with SR Technics through to technical consultancy projects to lessors and operators. AerFin also provides engine disassembly services for CFM and RR engines from its 100,000sqft UK-based technical facility.
In 2014, CarVal Investors became a major shareholder in AerFin Holdings Ltd. AerFin and CarVal Investors have a common vision to establish AerFin as a leading global provider of aircraft, engine and component supply chain solutions.
In September 2015, AerFin acquired the trade and assets of Airline Services Components Ltd to expand its portfolio of aircraft component solutions, from Wheel & Brake CPAL (cost per aircraft landing) and PBH programs to component repair management and inventory pooling. Not only does this give AerFin a nose-to-tail solution for its customer base, but the acquisition also allows AerFin to support its global customer base of airlines and maintenance providers 24/7, 365 days a year.
At the end of 2017 AerFin was named as The Sunday Times Virgin Fast Track 100 fastest growing private UK company. This growth has been driven by its expanding product offerings and trading across a wide spectrum of products, WB, NB and Regional jets. It is seeing further strong growth in 2018 through the general trading of parts and engines to now include the stub leasing of entire aircraft. AerFin is also expanding its wider product offering through some clearly branded Service Solutions. Its Beyond Pool solution was selected by BA Cityflyer and sees AerFin supporting the airline’s 21 strong E-Jet fleet. AerFin will continue to expand its service solutions through 2018 and beyond, having identified a clear market requirement for quality solutions that can be competitively priced.