Subscribe Free
in Business Aviation

AJW Group signs consignment agreement for A340-500

Posted 14 December 2016 · Add Comment

AJW Group has signed an agreement with a leading aircraft lessor to take on the consignment of an Airbus A340-500 MSN 572.


 
As part of the agreement AJW Aviation will consign the complete airframe, APU and engines, beginning the teardown December 2016. The aircraft teardown is being performed by Tarmac Aerosave in Spain, Europe’s largest aircraft storage company, with full traceability on all components involved.
 
AJW’s consignment business has completed over 50 individual projects to date, including airframes and engines. It specialises in extracting components and major assets from the aircraft and monetising them to achieve a higher return for the consignee through resale of the parts into the market.
 
AJW, which has an office in Dubai, was selected because of its technical expertise, global stock locations, sales teams and knowledge of the marketplace – making it a reliable partner to ensure the assets provide a good rate of return.
 
Conrad Vandersluis, vice president strategic of material and asset management at AJW, said: “This is an exciting opportunity for AJW, as our consignment team has a wealth of experience in this area and the part-out will help bolster our A340/A330 stock, benefiting our existing Airbus customers by increasing our service capability.”
 
When aircraft leasing companies consign an aircraft with AJW, the entire process is managed on their behalf, from customer requests to the sale, exchange and loan of components. This includes the tracking of parts, monthly sales reports and no additional administration fees – all of which is extremely popular with lessors and operators looking for a reliable partner.
 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Just one small step…

A group of UAE nationals are emerging as leaders in space, thanks to a programme developed by the UAE Space Agency, Mubadala, and Lockheed Martin. Marcelle Nethersole reports.

Emirates to launch third daily flight to Nairobi

Emirates will introduce a third daily flight between Dubai and Kenya's capital Nairobi from June 1, 2017.

Etihad Airways to add double daily to Düsseldorf

Etihad Airways has announced its Abu Dhabi – Düsseldorf route will be operated 14 times a week with the addition of a new daily service, effective 26 March 2017.

Yahsat celebrates its 10 year anniversary

UAE-satellite operator, Yahsat, has celebrated the tenth anniversary of its inauguration this week.

Travelport appoints new country manager for the UAE

Travelport (TVPT) has appointed Kathryn Wallington as country manager for the UAE.

Olympus Corporation to set up MEA HQ In Dubai

Japan's optical and precision electronics manufacturer Olympus Corporation will later this month open a regional HQ, for the Middle East and Africa, complete with a training centre, in Dubai.

TAA SK 12MTHS16
See us at
Aviation Africa 2017 BT 23F17World_Space_Congress_BT21JN23N16_Arabian_AerospaceIDEX BT180123022017AIME2017 BT 2579217MRO2017_BT1089217