MRO Management

APOC closes multi-million dollar deal for 777 landing gear with Lufthansa Technik Landing Gear Systems UK

APOC's Karolis Jurkevicius

APOC’s specialist landing gear division has agreed a long-term lease with Lufthansa Technik Landing Gear Systems UK (LTLGS) for a 777 landing gear.

“We have worked closely with LTLGS for several years and we are extremely pleased to develop this mutually beneficial solution with them for this top-class widebody asset,” said APOC’s VP landing gear trading & leasing Karolis Jurkevicius.

“We have been able to offer an attractive proposition, underpinned by our solid investment strategy, because our focus on building a long-term relationship gave us insight into their operational cost efficiency objectives.”

APOC noted that around 40 per cent of its landing gear stock is leased, 30 per cent is allocated to exchange programmes and the remaining 30 per cent is set up for additional lease opportunities, part-out projects and sales.

“Widebody assets are an integral part of APOC’s landing gear expansion plan,” explained Jurkevicius. “We’re investigating various opportunities to meet customers’ expectations and although this is our first significant widebody project, it was a planned step. Landing gear stock for 767, 787, A330 and others will soon be part of the portfolio and we are aiming to further increase our inventory to meet customers’ needs.”

Lufthansa Technik Landing Gear Systems UK’s managing director/CEO Christian Rodarius said: “Leasing the landing gear from APOC has been a seamless experience. Choosing the lease option enables us to calculate costs for operational projects with certainty and it gives us additional flexibility to explore alternative investment strategies for our business.”

Head of Asset Management Tim Zurawski commented: “APOC developed the ideal asset management solution for the Boeing 777 landing gear and the new lease agreement is perfect for us. We established a great team mind-set throughout the project and I look forward to new opportunities together.”

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