APOC Aviation closes on three airframe deals in Q1 2020
Rotterdam, March 30th 2020: Part-out activity has commenced this month in Marana, Arizona for two A319-132 airframes recently acquired by APOC Aviation. MSN 1758 and 1790 were formerly operated by Air Macau and the parts are expected to arrive into APOC’s stock during April/May.
Jasper van den Boogaard, VP Airframe Acquisition & Trading at APOC Aviation, is a certified ISTAT Appraiser and keen to boost APOC’s stock of high-quality commercial parts for A320 family aircraft. “I recently attended the ISTAT Americas conference in Austin, Texas, where the appetite amongst lessors and owner/operators to trade such assets has not abated” he observes. “No-one knows what the long-term impact of Covid 19 will be. Some sources of finance are already taking a more conservative approach whereas others are eager to grasp any aircraft that becomes available. I personally hope this introduces more sensible price levels for aircraft assets and provides us with more opportunities for much needed part-outs.”
All of the harvested A319 parts will be assessed, and then APOC’s audited group of US repair stations will return the stock to serviceable status prior to shipment back to the Rotterdam warehouse to form part of the Company’s rapidly expanding inventory of spares for sale and lease.
Boogaard also negotiated the sale of a recently purchased 1999 vintage A321-211 to an undisclosed European operator.
“This aircraft was acquired from the Thomas Cook bankruptcy for a further planned APOC part-out. However, due to the high demand for A321s and because of the MAX groundings, the onward sale and return to active service was a calculated decision.”
Further acquisitions are in the pipeline for APOC Aviation and these will come on-stream in the second quarter of 2020.