Aeroturbine and Engineering Holding sign consignment material stock agreement

Victoria
By Victoria May 30, 2013 10:13

Aeroturbine and Engineering Holding sign consignment material stock agreement

AeroTurbine, Inc., a wholly owned subsidiary of International Lease Finance Corporation (ILFC), announced today it has signed a Consignment Material Stock agreement with Engineering – the Aviation Maintenance Holding (Engineering Holding), a leading independent Western aircraft MRO and parts provider and parent company of S7 Engineering, ATB Domodedovo and Sibir Technics.

This consignment spare parts stock has been established in Engineering Holding’s maintenance facility at Domodedovo International Airport in Moscow, Russia. Based on an analysis of the company’s customer requests during the last six months, the new stock consists of the highest demand components for the Boeing 737 (Classic and Next Generation) including, but not limited to wheels and brakes, avionics, fuel pumps, and actuators.

This joint project is the second stock established over the past year by Engineering Holding, which continues to pursue proactively the stock availability strategy in Russia to serve the most popular narrowbody Boeing 737 (Classic and Next Generation) and Airbus A320 family aircraft.

“This agreement with Engineering Holding demonstrates AeroTurbine’s commitment to the region and our support of their fast-paced environment through readily available material,” commented AeroTurbine President and Chief Executive Officer Michael King. ”Finding the right partner was key, and we are confident we have done that with Engineering Holding.”

Engineering Holding and AeroTurbine declared their readiness to increase the size of the inventory up to $5 Million U.S. Dollars to meet future airline demand. All customers in Moscow will be able to begin ordering from the stock on May 31, 2013.

“The stock will allow our customers to cope with AOG situations for critical parts and materials that are particularly important during the high air travel seasons,” noted Engineering Holding’s Head of Parts and Materials Sales Department Denis Neumyvako. “The required parts will be available for our clients within one day after the order is completed. Components will be available for both sale and exchange.”

Victoria
By Victoria May 30, 2013 10:13
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