Dublin, March 23rd 2022: EirTrade Aviation, the mature technical management & asset trading Company, has augmented its dismantling capability with the addition of engine disassembly. The capability, which is available at EirTrade’s facility in Dublin, will complement its existing aircraft disassembly activities which are based in the Company’s AFRA accredited facility in Knock, Ireland West.
“The introduction of the engine disassembly facility in Dublin will enable us to enhance the organisation’s end-of-life product offering to the market and become a complete end-of-life solution provider,” comments Lee Carey, VP Asset Management at EirTrade Aviation. “This vertical integration strategy will enable EirTrade to mitigate third party and logistical costs and enable the organisation to gain access to material quicker to support our global client base.”
Carey confirms that the initial engine disassembly will be carried out under an agreement with Lufthansa Technik by Lufthansa trained engineers who will be responsible for disassembly of the first eight engines in EirTrade’s order book, after which all future work will be carried out by the Company’s own engineers.
“Our initial focus will be on the CFM platform, however we will be looking to expand our capabilities to cover other platforms in the near future and we’ll be offering these services to the open market as well as catering for our own engines,” continues Carey. “The demand for engine USM is strong and we anticipate that demand will continue to grow as the industry recovers from the effects of COVID. Our location in the heart of the aircraft leasing community in Dublin, alongside our relationships with the community itself will be a key factor.” Carey goes on to say that the relationship was certainly key during the pandemic. “During the market downturn the fact that EirTrade was able to offer tailored asset management solutions encouraged asset owners to come to EirTrade to manage their assets and maximise the realisable value of their aircraft.”
With the demand for narrow body aircraft expected to continue, EirTrade has also invested heavily in certain widebody platforms such as the CF6-80, RB211 & PW4000 engine types. The Company expects this surge in demand for material to continue as deferred maintenance events now being undertaken are resulting in an augmented demand for USM to support these activities.