Chengdu, China, 01November 2023 – Satair has established a legal entity, Satair (Chengdu) Co., Ltd, in China.
The creation of this new legal entity supports Satair’s commercial strategy of ramping up Used Serviceable Material (USM) growth and localising services to support the substantial growth expected in both the Chinese and global commercial aviation USM markets, +40% worldwide through 2027. This entity will play a vital role in the operations of the first Aircraft Lifecycle Services centre in China, monetizing end of life assets through the sale of USM worldwide.
In July 2022, Satair acquired VAS Aero Services, taking in expert capabilities and know-how related to managing engine and multi-fleet USM, in addition to the complete USM value chain. Satair and VAS Aero Services will acquire end of life aircraft and engines, and, after the repair and certification process, will distribute parts in used serviceable condition to its customer base both globally and throughout China.
Richard Stoddart, CEO, Satair, commented “The world is calling on us to establish innovative methods to establish the circularity of materials - and so are our customers. With this Aircraft Lifecycle Services centre, we are acting, setting up our organisation to support the demands of a rapidly growing market via more efficient solutions”
“Congratulations on Satair Chengdu’s incorporation,” said George XU, Airbus EVP and Airbus China CEO, “together, we’ll provide customers and the market in China a package of industrial competitive services with sustainability as the core concept, covering aged aircraft purchasing, parking, maintenance, upgrades, conversions, dismantling to USM trading. As a long-term and reliable partner for China, we’ll continue to contribute to China’s aviation industry and the circular economy as a