PRESS RELEASE
FOR IMMEDIATE RELEASE
AeroTurbine Signs Five Year Lease Agreement
with Aveos for Aviation Components
Initially,
AeroTurbine will acquire and lease certain Airbus A320 and Boeing 737 rotables
to Aveos. AeroTurbine will also lease additional inventory to Aveos to augment their
current inventory. Aveos is authorized to position the material at various
locations around the world to meet its customer needs.
“Following
our agreement with British Airways last year, this transaction again
demonstrates AeroTurbine’s ability to contract long-term business in the
inventory logistics arena with equally long-term revenue streams,” said Michael
King, AeroTurbine President and Chief Executive Officer. “We look forward to
building upon an already strong business relationship with Aveos and together
further increasing the market impact of our combined supply chain management
capabilities.”
“The agreements will further strengthen Aveos’ rotables inventory
to continue providing customers with efficient, integrated solutions for
today’s competitive marketplace, as well as providing support to the Engine
Solutions unit,” said Tom
AeroTurbine
and Aveos have also signed a five-year agreement under which Aveos will support AeroTurbine with
engine repairs and overhaul for the CFM56-2/3 & -5 engine types.
About AerCap and AeroTurbine
AerCap is an integrated global aviation company with a
leading market position in aircraft and engine leasing, trading and parts
sales. AeroTurbine is a subsidiary of AerCap focusing on engine leasing and
trading, airframe and engine disassembly, aviation supply chain solutions, part
sales and MRO services.
About Aveos
Aveos
is a full-service maintenance, repair and overhaul (MRO) provider of airframe,
engine, component and maintenance solutions. From maintenance facilities across
This
press release may contain forward-looking statements that involve risks
and uncertainties. In most cases, you can identify forward-looking statements
by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”,
“believes”, “estimates”, “predicts”, “potential” or “continue” or the negative
of such terms or similar terminology. Such forward-looking statements are
not guarantees of future performance and involve significant assumptions, risks
and uncertainties, and actual results may differ materially from those in the
forward-looking statements.
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For Media: |
For Investors: Peter Wortel, AerCap Tel. +31 20 655 9658 |