AerFin takes delivery of Fourth and Fifth E170 E-Jets along with 10 Spare Engines

AerFin has continued its momentum into 2018 by taking delivery of the fourth and fifth Embraer E170 E-Jets, MSN: 123 and 108 from Saudi Arabian Airlines including ten spare CF34-8E engines, and a significant volume of E170 and E190 spare components from the airline. This is following the 2017 announcement that the aftermarket solution specialist acquired the entire Saudia Airlines E170 fleet, as the operator phased-out operations of the aircraft.

Both aircraft are expected to be available for a sale or lease with a number of leading regional airline operators already expressing strong interest. The delivery will further strengthen AerFin’s growing range of E-Jet “Beyond Support” service solutions, which range from flight-hour component pool programmes through to the sale or lease of whole aircraft, engines and major assets.

The E-Jet deliveries also follow the news that AerFin recently announced its “Beyond Pool” component support agreement for BA CityFlyer’s entire fleet of E-Jet aircraft. The “Beyond Pool” agreement offers a fixed-cost solution for all of the airline’s E-Jet component requirements.

AerFin Chief Commercial Officer, Mark Dunnachie commented, “The E-Jet market is looking particularly buoyant at present and we are very excited about the extended aftermarket opportunities that the Saudia acquisition presents. There is a real requirement from the market for additional E-Jet aftermarket support alternatives and we are very well positioned to satisfy this.”

The acquisition builds upon the excellent progress made by AerFin in 2017 as it continues to support its customers’ global needs through the provision of world-class aftermarket solutions. In December 2017, AerFin was announced as the fastest-growing UK company of the year by The Sunday Times Virgin Fast Track 100.

This achievement was subsequent to AerFin becoming the first company ever to win the Wales FastGrowth 50 award for two consecutive years, an award which identifies and ranks the fastest growing Welsh businesses. The company was also named by The Sunday Times HSBC International Track 200 as Britain’s fastest-growing mid-market company by way of international sales, and the fastest-growing exporter in the UK.