Following another exceptional year of growth in 2018, AerFin maintains its impressive trajectory during the first quarter of 2019, as it continues to grow its global customer base through the provision of bespoke cost-saving service solutions.
Acquisitions, Trading & Leasing
In an increasingly competitive acquisition environment, AerFin continues to maintain a strategically astute approach toward feeding its stock of inventory. In 2019Q1, AerFin acquired three post-2000 DOM Airbus aircraft and a Boeing 737NG.
AerFin continues to remain highly active in the engine leasing market and has successfully placed seven (CF34 and CFM56-5) engines on short-term lease with several global operators since September last year.
In addition to the above, since September 2018 AerFin has also completed the sale of multiple assets, mainly CF34, CFM56-7B and CFM56-5C engines.
Engine Material Sales
With demand growing for CF34-8 used serviceable material (USM), AerFin has elected to induct several engines for tear-down. This engine material will be utilised to support not just global E-Jet operators but also Bombardier CRJ 800 and 900 operators due to the core CF34-8E/-8C engine piece-part commonality. While on the CFM56-5B platform, AerFin is providing an engine material support package to an American Flagship carrier, offering a significant cost-saving solution to its maintenance operation.
To meet customer requirements and to exceed operational excellence, AerFin has decided to expand its AOG operations at its London-Gatwick Facility. At the end of 2018, AerFin reported an increase of 280% in AOG orders processed throughout the year*. The expansion of the AOG facility has been vital in supporting the RFQ response and purchase order processing time, which is currently recorded at 1 hr 7 minutes.
Earlier this year, AerFin reiterated its commitment to delivering first-class on-wing support to E-Jet operators in the Americas by launching an equipment logistic facility in Atlanta. The facility will initially cover more than 200 E-Jet rotable part numbers, including a selection of high-demand component LRUs.
AerFin will be exhibiting at next week’s MRO Americas exhibition in Atlanta and is expected to make several exciting announcements throughout the course of the week.