AerFin announces February acquisition of A340-300 aircraft

AerFin Ltd (UK) announces the delivery of Airbus A340-300 MSN 142 from Cathay Pacific Airlines during February. MSN 142 is the fifth aircraft to be delivered to AerFin as part of the end-of-life solution for Cathay Pacific’s fleet of 11 A340-300 aircraft.

This aircraft will be disassembled for spare parts recovery, with serviceable inventory stored at AerFin’s 24/7 distribution facility, located at London Gatwick Airport or at various strategic hubs around the world. The additional inventory will be used to support its growing customer base with a cost-effective and consistent supply of components for Airbus A330/A340 platforms. The CFM56 engines will be disassembled at AerFin’s newly refurbished 100,000 sq. ft. facility in Europe.

AerFin CEO, Bob James commented, “This latest acquisition strengthens AerFin’s presence in the A330/340 used material market and allows us to continue to support our airline and MRO customers with consistent and innovative nose-to-tail solutions, providing 24/7 AOG support to all of our customers worldwide”.

About AerFin Limited

UK-based AerFin Limited specialises in providing innovative solutions for operators, MROs, and financial institutions that substantially reduce the overall cost of ownership for aircraft and engine owners. US-based CarVal Investors LLC took an 80% shareholding in AerFin in December 2014. CarVal Investors’ experienced team has navigated ever-changing credit market cycles, investing more than USD $83 billion in 5,300 transactions across 71 countries.