Rotterdam, October 28th 2019: APOC Aviation, the innovative aircraft and engines leasing, trading and part-out specialist, has sold two CFM56-3 engines (Serial numbers: 856622/857283) in a multi-million dollar transaction with a national carrier. Both are now installed on Boeing 737-300 aircraft.
With one fresh from shop and each having a 4,000 flight-cycle capability before servicing, these engine assets are the first in a series of transactions underway at APOC. Anca Mihalache, VP Engine Trading – APOC Aviation, is spearheading the Company’s diversification into the engine arena. “We are focusing on supplying engines with a range of flexible finance options, our customers need to ensure they can remain in profitable operation with minimised downtime and it is our mission to provide engines that are ready to fly supported by our stock of surplus parts.
“Some operators are extending existing leases on current engine options and this is keeping values buoyant whilst new generation technology enters the market. However, the CFM56-3/5B/-7B and the V2500-A5 engines are still experiencing frequent trades with demand expected to grow as more engines are removed for maintenance.”
APOC is focused on the most commonly used aircraft Airbus and Boeing narrow bodies adds Mihalache, and she explains that 2019 is seeing fast expansion into the leasing of engines, aircraft, landing gears and APUs. “APOC Aviation is an important supplier to the aviation after-market and our new engine trading, leasing and part-out division is focusing on CFM56-3/5A/5B/7B and V2500-A5 models. The Company’s best-in-class IT platform drives leasing and stock management/revenue optimisation so we know we are can price our assets with pinpoint accuracy in this highly competitive sector.”
Currently APOC has offices/warehouses located in the Netherlands, Lithuania, Florida and Colombia however before end of 2020 strategic spares hubs will be identified in mainland China with extra warehouses/offices opened in the USA, Hong Kong and Singapore. This expanding global footprint sees annual revenues predicted to reach $100 million by 2022.