February 2, 2018 (Memphis, Tennessee)—Universal Asset Management, Inc. (UAM), a global leader in aviation asset management, high-tech aircraft disassembly and commercial aviation aftermarket solutions, has completed the acquisition of a portfolio of Airbus A340 airframes and engines from Airbus Asset Management for trading and component support.

The portfolio, which includes three Airbus A340-300 airframes, one Airbus A340-500 airframe, nine CFM56-5C engines and eight Rolls Royce Trent 500 engines, will be stored in Europe to augment trading and component support opportunities for the UAM customer base worldwide. “We are pleased to be working so closely with Airbus Asset Management on this transaction as we continue to expand our market presence in the EMEA region as well as Asia, in partnership with our parent company ARI- a wholly owned subsidiary of China Aircraft Leasing Group Holdings Limited (CALC)”- Shawn Kling, President of UAM states. “This transaction comes on the heels of the recent order placed with Airbus of over $5 billion in new aircraft from CALC, which I believe is demonstrative of our mutual commitment to work successfully with the Airbus family in providing full lifecycle solutions for commercial aircraft ” said Kling.