Engines and leasing specialists APOC Aviation has sold two CFM56-3 engines in a multi-million dollar transaction with a national carrier.
Both are now installed on Boeing 737-300 aircraft.
Anca Mihalache, vice president of engine trading at APOC Aviation, said: “We are focusing on supplying engines with a range of flexible finance options, our customers need to ensure they can remain in profitable operation with minimised downtime and it is our mission to provide engines that are ready to fly supported by our stock of surplus parts.
“Some operators are extending existing leases on current engine options and this is keeping values buoyant whilst new generation technology enters the market. However, the CFM56-3/5B/-7B and the V2500-A5 engines are still experiencing frequent trades with demand expected to grow as more engines are removed for maintenance.”
APOC is focused on the most commonly used aircraft Airbus and Boeing narrow bodies.
“APOC Aviation is an important supplier to the aviation after-market and our new engine trading, leasing and part-out division is focusing on CFM56-3/5A/5B/7B and V2500-A5 models. The company’s best-in-class IT platform drives leasing and stock management/revenue optimisation so we know we are can price our assets with pinpoint accuracy in this highly competitive sector," Mihalache said.
Currently APOC has offices and warehouses located in the Netherlands, Lithuania, Florida and Colombia, however, before end of 2020 strategic spares hubs will be identified in mainland China with extra warehouses and offices opened in the USA, Hong Kong and Singapore.
This expanding global footprint sees annual revenues predicted to reach $100 million by 2022.