Press Release: APOC Aviation moves towards expansion in China
APOC Aviation, the innovative aircraft and engines leasing, trading and part-out specialist, recently participated in a trade conference with Chinese Government representatives in Amsterdam. It is APOC’s intention to expand its global footprint with a trading presence in Asia and it has signed an MOU with its Chinese partnersto progress a far-reaching growth plan throughout the region. This is likely to include stock hubs in designated parts of the Chinese mainland together with warehousing and AOG support offices in Hong Kong and Singapore.
According to APOC’s Founder & Managing Director, Max Wooldrik, who attended the trade conference with Barry Lemmers, Chief Financial Officer, APOC Aviation is pursuing a fast-growth strategy and a dynamic programme of investment is already underway. The Company has just acquired three A320 airframes for part-out. MSN 712, 718 and 720 which were formerly acquired by CALC Group (China Aircraft Leasing Group) from China Southern Air Leasing.
“This was APOC’s first significant deal in China” says Wooldrik. “The acquisition of these three A320 airframes heralds our intention to expand our business in Asia and using local tear-down specialists maximises cost-efficiency from the outset. We’re retaining CALC Group’s MRO joint venture, FL ARI Aircraft Maintenance & Engineering Company Ltd (“FL ARI”), to perform the part-out in CALC’s aircraft recycling facility located in Harbin, China.”
The part-out process is expected to be completed this Summer and stock will be strategically offered in the Asian market, or partly shipped back to APOC’s warehouse in The Netherlands.
The Company is continually adding to its commercial aircraft parts stock through targeted purchase of end-of-life narrow-body airframes and will soon be announcing a fourth transaction in China. APOC’s new engine trading division is also building engine stock for trading, leasing or teardown with a focus on CFM56-3/5A/5B/7B and V2500-A5 engines.