The aircraft was acquired by Cloud Investments Partners and investment funds were managed by Strategic Value Partners, LLC, with C&L serving as the exclusive asset manager.

The aircraft, SN: 35507, is powered by two GEnx-1B engines and will be parted out in Roswell, NM by CAVU.

The parts will then be transported to the new C&L warehouse in Wichita, KS, where they will be available for sale.

C&L says it is working with OEMs to utilise these parts in supplementing their current inventories.

Tim Brecher, president of C&L Engine Solutions, said: “The timing of this project for the 787 is perfect.

“The 787 fleet is hitting the 12-year mark from first deliveries and entering a busy schedule for heavy maintenance.

“The shortage of spares in the marketplace, combined with the ongoing challenges in the supply chain, make this project critical to OEMs and operators.”

David Weiss, managing partner of Cloud Investment Partners, said: “Disassembling a virtually new 787 aircraft having only a few ferry cycles has never been done before.

“We recognise the benefit of new parts in the market to assist OEMs in supporting their customers as well as providing a source for airlines to purchase hard-to-find parts.”