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Contracts > Components
November 2018

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AerFin and NORDAM have announced an expanded strategic-services agreement to include consignment, exchange and lease-management of spare nacelles for V2500-A5 and CFM56-5B engines used on Airbus A320 Family aircraft belonging to European operators. Under the agreement, NORDAM airline customers may access AerFin-owned components and related operational support from its main rotable-distribution base near London-Gatwick Airport. The spares allow aircraft to remain in service while NORDAM repairs their thrust reversers and nacelles, preventing potentially costly ‘aircraft-on-ground’ downtime during maintenance.

 

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AFI KLM E&M and Corsair have signed an extension of their Airbus A330 component support contract for several years. The scope of the services provided is unchanged, ranging from component repairs to provision of a Main Base Kit and pool access.

 

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Airbus has been selected by WOW air to provide Flight Hour Services (FHS) Components services for its A320ceo/neo and A330ceo/neo fleets, covering 20 aircraft and becoming one of the first A330 customers in Europe to enlist Airbus FHS. The agreement also includes Airbus’ Skywise and Digital consulting services. Airbus will handle component services including pooling, on-site stock at main base, and repairs. Airbus will also set up an extensive on-site stock in Iceland at WOW’s facilities.

 

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AJW Group has signed a multi-year power-by-the-hour (PBH) contract with Greek carrier Air Mediterranean to support its rapidly growing Boeing 737-400 fleet.

 

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Embraer and Trans States Airlines have signed a contract to implement the Embraer Collaborative Inventory Planning (ECIP) programme, a supply chain solution for expendable parts. Under the agreement, Embraer will assume the planning and guaranteed replenishment of a portion of Trans States Airlines’ spare parts stock for its fleet of ERJ 145 aircraft.

 

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Embraer has signed a multi-year Flight Hour Pool Program agreement with Western Air, from the Bahamas, to provide repairable component support for the carrier’s fleet of ERJ 145 aircraft, including material services engineering and advanced component exchanges from Embraer’s spare parts warehouse in Fort Lauderdale, Florida. Western Air recently purchased three ERJ145s from Embraer, becoming the first operator of the aircraft in the country, and the operator plans to purchase additional aircraft by the end of 4Q18.

 

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Embraer has signed a multi-year pool programme agreement with Nigerian private airline Air Peace for spare parts and support covering more than 250 components for their six Embraer ERJ 145 jets.

 

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GA Telesis has announced the closing of a large inventory lease comprised of rotable spare parts for LATAM Airlines in support of its 777-300ER operations that was tailored to provide maximum operational flexibility for the airline.


Over the next three years, GA Telesis has budgeted up to $1 billion for asset financing in various structures to meet its customers’ needs for innovative financing solutions. The transaction was financed jointly with GA Telesis’ shareholder, Tokyo Century Corporation, under undisclosed terms.

 

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Lufthansa Technik has contracted with China Aviation Supplies Company (CASC) to jointly provide comprehensive component support for Air China's Airbus A350 fleet. The joint 10-year Total Component Support (TCS) contract by Lufthansa Technik and CASC will cover repair and overhaul of A350 components.

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Thales has signed a 5 year extension of its existing Repair By The Hour (RBTH) maintenance services agreement with TAP to cover its Airbus A320 and A330/40 fleet of 65 aircraft until mid-2023. TAP and Thales set up their collaboration with a first contract signed in 2001. This new agreement, results from a complete competitive tender process.


In addition to the maintenance services agreement, TAP has also selected a package of avionics components on its 53 new A320neo and A330neo aircraft. This includes the Thales Flight Management System, the T3CAS and transponder. The fleet will also be equipped with Thales Emergency Location Transmitters (ELT) and angle-of-attack sensors.

 

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