ARI purchases six Boeing 737-700 airplane from Xiamen Airlines

ARI purchases six Boeing 737-700 airplane from Xiamen Airlines



  eTN Article:

Aircraft Recycling International Limited, a part company of CALC, the first complete value-chain aircraft solutions provider within Asia, took delivery of 6 B737-700 aged aircraft from Xiamen Airlines today, which marks the very first old aircraft acquisition since the establishment. The operating model plus financial arrangement of this deal may lay a practical foundation for that asset management of mid-to-late-life navy to the Company, and to the China and taiwan aircraft recycling industry at large.

ARI won the putting in a bid in December 2016 at China Beijing Equity Exchange. These six best selling aircraft, aged 16-18 years, are usually planned for disassembly and components sales or release with an try to enhancing fleet value through expert asset management.

Christina Ng, Deputy Chief Executive Officer and Key Operating Officer of ARI, left a comment, “ ARI strives to enhance the significance of retired aircraft fleet through expert aircraft asset management. This is to back up the development of China’ s aviation recycling where possible industry by completing the last a part of aircraft full value-chain and to assistance the recycling economy marked simply by high technology and high additional value. The transaction of old aircraft with Xiamen Airlines stands apart as a significant milestone in the great ARI, enhancing the Company’ t room for profitability and growth. It also creates synergy to the airplane recycling center if the aircraft have to be disassembled and sold in parts. Additionally , the completion of the deal in an amazingly short period of time represents an fervid testimony to ARI’ s expert team with extensive expertise plus their efficient and well-manged performance. Meanwhile, the successful delivery must also be credited to the efficient assistance by Xiamen Airlines, who has involved us and arranged the airplane inspection work within an extremely limited schedule. We look forward to exploring additional cooperation opportunities with Xiamen Air carriers. ”

Aircraft recycling where possible is still an infant industry in Tiongkok as the market is highly fragmented having a limited number of small operators. Since industry data shows, up to hundred retired aircraft in China are often moved to Europe and America every year for decommissioning or freighter transformation. ARI believes that it is making escalating sense for such operations to become conducted in China instead in order to cater to the demands from air carriers and aircraft parts suppliers along with benefit local economy and work force. Along with providing high quality plus professional service, ARI will also broaden its scope of service, which includes aircraft trading and consignment, resource management, consultancy service, data administration, business training and more. With its plane recycling centre, the largest of its type in Asia, ARI will influence on its first-mover advantage within China and even Asia to accept the thriving development of China’ ersus aviation recycling industry.

 

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