Aircraft parts locator firm will invest $10 million to engine stands leasing business

Darren Wood
By Darren Wood September 12, 2019 11:31

Aircraft parts locator firm will invest $10 million to engine stands leasing business

Aviation IT and aircraft parts locator company Locatory.com, a part of Avia Solutions Group, has started the leasing of aircraft engine stands globally, in a move which the company estimates will invest over $10 million in the next five years.

Dainius Meilunas, CEO at Locatory.com, said: “Our company just started the business after realizing that there is a gap in the market. We understand that owning engine stands might be a luxury for many MROs and airlines, thus we decided to implement this project and invest over 10 million to its growth and the variety of stands.

“We start with the most popular ones and the most important part of it – we partnered with one of the leading certified engine stand manufacturers to ensure the highest quality of our product. Besides that, we will make the process smart by adding extra convenience and efficiency to the regular market standards.”

The company will start its service by providing two options – stands for CFM56A/B and CFM56-7 engines.

The first operations already started in Europe and will advance soon enough as the first orders are being planned for Asia in 2019.

Darren Wood
By Darren Wood September 12, 2019 11:31