APOC Aviation acquires A320 airframe for part-out in Rothenburg, Germany
“Concluding a successful deal that benefits all parties is a significant achievement in this challenging aviation environment” says Jasper van den Boogaard, VP Airframe Acquisition & Trading
Rotterdam, January 12th 2021: APOC Aviation is collaborating with Elbe Flugzeugwerke GmbH (EFW) and Switzerland based Eco-FLY in the first part-out project to take place in Rothenburg (EDBR) airport in Germany. The A320 airframe (MSN 1823) was acquired by APOC from a leading US-based investment company and last operated by SmartLynx. EFW will undertake the part-out for APOC and, together with Eco-FLY, build best practice for fuselage disassembly to evaluate recycling concepts for aircraft on an industrial scale at the airport in Rothenburg to establish a blue-print for future programmes.
APOC’s access to flexible and immediate funding, swiftly secured through private placement, facilitated this prime asset purchase. However, Jasper van den Boogaard, VP Aircraft Acquisition & Trading, says that stitching this complex deal together required commitment and great teamwork from all parties. “Despite the difficulties of travel, by staying airside we were able to assemble the different strings that made closing agreements feasible in this highly challenging market. We’re proud to engage EFW and acknowledge the investment and energy required to bring a sustainable industry to a region where there is a pool of talented technicians eager to embrace new skills.”
Van den Boogaard says the Company is actively targeting further acquisitions as APOC Aviation pursues growth with accessible liquidity. “Following our numerous acquisitions last year, we plan to continue purchasing airframes throughout 2021 and we’ve just opened a strategic spares hub in Singapore. This is part of APOC’s expanding global footprint and further warehouses will soon follow in the US and other parts of Asia during 2021. We need to sustain our high-quality stock of young, new technology, parts and be ready to support our customers – airlines, MROs, traders, and P2F conversion specialists alike. Those airlines and lessors worldwide seeking swift transactions to stabilise their balance sheets can always talk to us.
“We are optimistic that current developments and the global roll out of COVID-19 vaccination programmes will enable an increase in air travel soon, and we all hope this allows ‘normal’ summer holidays again this year" concludes Van den Boogaard.