APOC has purchased four 737 airframes for teardown from a large US-based legacy carrier.
The airframes were built in 2008/9, have single operator traceability and were fully active until the Covid-19 crisis.
The aircraft are currently being parted-out in Marana, Arizona. APOC anticipates that the first serviceable parts, including landing gear, will become available this summer.
“APOC was quick to seize this multi-million dollar opportunity and we had secure financing in place to close the deal,” said the company’s VP airframe acquisition & trading Jasper van den Boogaard.
“Despite the constraints of Covid-19, we are very pleased to have closed this important deal. As airlines seek to right-size their fleets to balance demand with new inductions, opportunities will emerge to divest certain assets.
“When multiple airframe deals are under discussion it is important for airlines and lessors to co-operate with like-minded partners, such as APOC, who understand the dynamics in today’s changeable marketplace.
“As airlines worldwide rebuild their operations narrowbodies will be the first to fly again. We will support our customers through the sale of parts but also exchange, loan and consignment – whatever is best for them. Our proactive teardown programme is designed to increase our stock of high-quality commercial parts, not just replenish.”
Further airframe acquisitions are in the pipeline over the next few months, according to van den Boogaard, and particularly LDGs and engines. “We’re pleased to say that we have the liquidity needed to take advantage of opportunities as they arise and complete transactions smoothly – we are always keen to talk to operators, OEMs and MROs that have assets for sale or seek a consignment partner.”