GA Telesis’ Flight Solutions Group (FSG) has signed an all-encompassing parts consignment agreement with a leading Middle East operator. The five-year contract provides a worldwide vehicle for the operator to monetise its surplus inventory of A320, A330, and 777 components, consumables and expendables, tooling, engines, and APUs. The initial inventory list consists of over 30,000 unique part numbers with a total of 660,000 items to support a variety of Boeing and Airbus platforms.
Nigel Christie, SVP of Sales for Europe, Middle East, and Africa, said: “GA Telesis has returned over $1bn in cash to our consignment partners since the company’s inception in 2002. The confidence instilled upon us by regional customers reaffirms the FSG team's ability to return the maximum amount of inventory value to the marketplace, especially when they need it most.”
As a part of the deal, GAT’s consignment management team will be deployed on-site to lead sales and logistics strategies from the customer’s operational facilities to GAT’s global distribution facilities in the USA, UK, and Asia. This will be a significant factor in meeting the customer’s objectives of maximizing cash flow and freeing up valuable warehouse space.