APOC Aviation has purchased five CFM56-7B engines, increasing the company’s engine assets base. APOC sells, leases or exchanges engines and holds an inventory of engine components.
The engines were purchased from a North American carrier in a “multi-million dollar” transaction. Three have already been delivered, while the other two will be integrated into APOC’s portfolio soon.
The company is also working on its first engine tear-down and anticipates the initial integration of the parts into its stock before the end of 2020.
APOC acquired one CFM56-3C1 and three CFM56-5As earlier this year, with two now ready for lease. The arrival of a further CFM56-3C1 for lease or sale is imminent, according to the company.
VP engine trading Anca Mihalache (pictured above) commented: “Having access to flexible and immediate funding gives us a real advantage, this was a key factor in closing this sizable deal. As an organisation, we are continually looking for opportunities to enhance our business offering.
“We have already sold some of these new engines and others will be parted out. Our proprietary software updates our stock every five seconds in real time, so users can know exactly what we have available and precisely where that part is.”
APOC has also introduced ‘green time management’ solutions, which it says offer a cost-effective alternative to shop visits. “A short-term lease on a CFM56 engine that still has ‘green time’ left in it can keep operators flying during these difficult times, as it allows them to delay overhauls costing millions.
“We believe this is an important ‘customer care’ initiative and is just one of the ways we’re working with MROs, repair shops and airlines who are keen to support their engine capabilities with innovative solutions to access quality engines and parts.”