SR Technics and AerFin to extend life of Airbus A340 aircraft
SR Technics (Switzerland), one of the world’s leading providers of technical services to airlines, and AerFin Ltd (UK), a specialist in providing end-of-life fleet solutions, announced that they had signed an Memorandum of Understanding (MOU), which underpins their intention to manage and market a joint solution branded Beyond.Fleet.Services. This innovative bundle will extend the life of the aviation industry’s maturing fleets of Airbus A340-200/300 aircraft by reducing their operational costs, including engines, airframe and component maintenance, as part of a flexible and comprehensive set of end-of-life managed services.
Beyond.Fleet.Services is designed specifically to reduce the costs incurred by A340 operators as they seek to both maximize the life span and revenue potential of their existing fleets, while they manage their eventual withdrawal from service. Beyond.Fleet.Services combines flexible leasing schemes and other attractive cost saving service options for managing engines, airframes, components and inventory challenges. It will guarantee fixed-priced engine and component MRO services. There is also going to be the option for operators to sell-and-leaseback aircraft and engines or for Beyond.Fleet.Services to commit to purchasing aircraft at the end of its lease or working life.
As part of the partnership, SR Technics will provide the MRO services for CFM56-5C engines and AerFin Ltd the finance and leasing schemes. In addition, the two firms will cooperate to ensure that customers get a steady supply of components. Beyond.Fleet.Services’ customized packaged solutions will be wrapped into one contract, which will provide customers with one single point of contact and will deliver an integrated and bespoke end-of-life solution.
As part of its committed preparation for the launch of Beyond.Fleet.Services, AerFin Ltd recently secured eleven A340-300 aircraft, which will be disassembled to provide a comprehensive, cost- effective pool of components to its customers.