Mon, Oct 11, 2010
Last Of The Japanese Carrier's -400s Go For Resale, Lease,
Parts
Florida-based engine and part reseller AerSale has acquired a
fleet of 19 Boeing 747-400 series passenger aircraft powered by
CF6-80C2B1F engines from Japan Air Lines (JAL), the company said
Thursday.
JAL 747-400 File Photo
"This purchase covers the remaining 747-400 passenger aircraft
in JAL's fleet," stated Nicolas Finazzo, AerSale's Chief Executive
Officer. "With this single transaction we have made a substantial
financial commitment to AerSale's growth plan, enabling us to
provide quality aircraft that have been impeccably maintained by a
top-tier international airline. This is the second of several large
scale multi-fleet acquisitions included in our 2010 business plan,
with another announcement to follow soon."
AerSale says there are 686 Boeing 747-400 passenger and
freighter aircraft in service today with 79 airlines. The engine
leader for the 747-400 is the General Electric CF6-80C2B1F variant
with 299 aircraft, 43.6% of the market share.
"We believe most of these aircraft will continue to fly, whether
as passenger aircraft or as freighters," added Robert B. Nichols,
AerSale's Chief Operating Officer. "This said, we are proceeding to
disassemble a few of the aircraft and a good many of the 76 GE
CF6-80C2B1F engines installed on wing so as to position AerSale to
become the leading provider of aftermarket CF6-80C2 engines and
material. This is welcomed news to our MRO customers who depend on
AerSale as a reliable aftermarket source of inexpensive high
quality OEM parts, as an alternative to new parts. Their customers
in turn benefit by lower shop visit costs, which ultimately extends
the economic lives of maturing CF6-80C2 powered fleets."
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