EirTrade Aviation, the global aviation asset management and trading company headquartered in Dublin, has concluded the acquisition of two six-year old A320 NEO aircraft powered by PW1127 GTF engines.
The engines will be made available for sale by EirTrade to support the current global shortage of spare PW1100 engines, and the airframes will be disassembled at the Company’s facility in Knock (Ireland West Airport) to support the operations of EirTrade's A320 NEO customer base.
Lee Carey, Chief Investment Officer at EirTrade Aviation, says that this transaction is a testament to the organisation’s commitment to focus on new technology aircraft alongside current models.
“We are attuned to market demand and align our acquisitions accordingly to support the needs of our customers. EirTrade have previously disassembled other new technology aircraft, being the first company to disassemble B787 aircraft retired from commercial service.”
EirTrade worked closely with Seagull Aviation who acted as CAMO on the aircraft, along with technical representation during the delivery process.
Both aircraft are now at EirTrade's maintenance facility in Knock where the aircraft are currently in storage. Disassembly of the airframes will commence once the engines and APU have been removed, and the material will be made available to the market before the end of the year.
Carey adds, “There are currently over 4,000 A320/321 NEO aircraft in commercial service with a further 7,100 on order. The platform will constitute the largest commercial aircraft fleet worldwide, and EirTrade is committed to supporting owners and operators of these aircraft.”
EirTrade recently announced an expansion of its MRO capabilities in Knock, adding a new engine disassembly shop alongside its aircraft teardown and Part 145 line maintenance services.