APOC Aviation acquires young A319 for teardown from Aircastle
“Access to capital spearheads our sixth successful deal in 2020 so far” says Jasper van den Boogaard, VP Airframe Acquisition & Trading
Rotterdam, September 3rd 2020: Access to younger components that will align with commercial operators’ fleet requirements as air traffic restarts is the impetus behind APOC Aviation’s determined acquisition policy. To complement its recent purchases of other A320 family airframes for teardown, the Company announces that it has just closed a deal with leading lessor Aircastle for a 2008 vintage A319 (MSN 3450) that was returned from a lease by Volaris in July.
Access to flexible and immediate funding to take advantage of this prime asset purchase was swiftly secured through private placement. The aircraft is heading immediately for part-out at Marana in Arizona – the location for two earlier APOC teardowns (MSN 1758 and 1790) that are now complete. It is anticipated that the first serviceable parts, including landing gear but not engines, will be shipped back to APOC’s Rotterdam facility in Q4.
Jasper van den Boogaard, VP Airframe Acquisition & Trading at APOC Aviation, says the Company is focused on securing the youngest airframes possible. “As operators reflect on their capacity and right-size their fleets in the COVID-19 environment we anticipate that more deals will be on the table this Autumn. Our policy is to pursue younger equipment that will be more desirable for the in-service fleet, MRO and AOG requirements.”
APOC Aviation were quick to seize this opportunity and already have closed several Airbus airframe deals this year. “We want a balanced stock to support our customers,” says Van den Boogaard. “I’m expecting our next aircraft will be a B737NG.”
Actively targeting further acquisitions requires access to capital and APOC Aviation is one of the lucky few bidders with accessible liquidity post-COVID, and a business model firmly geared to growth. “Airlines and lessors seeking swift transactions to stabilise their balance sheets are always welcome to reach out to us” he adds.