AerFin strengthens Asia-Pacific presence with extended B&H Worldwide partnership in Hong Kong

AerFin is pleased to announce the expansion of its strategic partnership with B&H Worldwide, a global leader in aerospace and aviation logistics. This extended agreement will see B&H Worldwide’s Hong Kong station provide comprehensive logistics support for AerFin’s operations in the region, further solidifying AerFin’s commitment to growth and excellence in the Asia-Pacific market.

Enhanced Logistics Services

The contract extension builds upon the existing collaboration between AerFin and B&H Worldwide, which was initially established during Aviation Week’s MRO Americas 2023. Under this expanded agreement, B&H Worldwide will offer a wide range of logistics services to support AerFin’s aircraft acquisitions in the region, including:

• Freight forwarding
• Packing
• Dangerous goods handling
• Customs brokerage
• Storage
• Inventory management

Streamlined Asset Management

B&H Worldwide’s Hong Kong team will manage AerFin’s assets, significantly enhancing the company’s operational reach across the Asia-Pacific region. The comprehensive service offering includes:

1. Coordinating cargo at the teardown facility
2. On-site packing of components
3. Transferring stock to B&H Worldwide’s secure facility in Hong Kong
4. Meticulously recording parts in B&H Worldwide’s proprietary FirstTRAC software
5. Managing the disposition of parts for sale, servicing, or storage

This streamlined process ensures efficient handling and optimal utilization of AerFin’s aviation assets, supporting the company’s mission to maximize value for owners and provide cost-effective solutions to its airline, lessor, and MRO customers.

Strengthening Regional Partnerships

The expansion into Hong Kong complements AerFin’s existing operations in Singapore, where the company has significantly increased its strategic inventory holdings this year. With the addition of more A320, Boeing 737, and A330 family stocks within the region, AerFin is well-positioned to serve its Asia-Pacific clients better than ever before.

Paul Ashcroft, SVP Asia Pacific at AerFin, commented on the strategic importance of this expansion: “Our decision to extend our global reach into Asia Pacific, coupled with the expansion of the B&H agreement, strengthens the work we have already been doing within Singapore. Placing key inventory in Singapore has provided confidence in our ability to serve our regional clients more effectively. Today’s announcement enables AerFin to provide a similar reliable inventory solution from Hong Kong, the gateway to China, demonstrating our continued growth in Asia.”

A Testament to Partnership and Trust

Stuart Allen, Group CEO of B&H Worldwide, expressed his enthusiasm about the expanded collaboration: “We are delighted to continue our successful partnership with AerFin and to further extend our services into APAC. Our team is committed to providing the highest level of logistical support to ensure that AerFin can optimize its operations in the region. This contract extension is a testament to the strength of our relationship and the trust AerFin places in our ability to deliver tailored aerospace logistics solutions.”

Looking Ahead

As AerFin continues to expand its presence in the Asia-Pacific region, this enhanced partnership with B&H Worldwide in Hong Kong marks a significant milestone in the company’s growth strategy. By leveraging B&H Worldwide’s expertise in aerospace logistics and their strategic locations, AerFin is well-positioned to meet the evolving needs of its customers in this dynamic market.

The expansion into Hong Kong not only enhances AerFin’s operational capabilities but also reinforces its commitment to providing efficient, cost-effective solutions to the aviation industry across the Asia-Pacific region.