18 November 2020: APOC Aviation recently purchased five CFM56-7B engines from a leading North American carrier as part of a multi-million dollar transaction. Three of the engines have already been delivered and the other two will be integrated into APOC’s portfolio soon.
Anca Mihalache, VP Engine Trading at APOC is pleased to confirm that the Company is actively pursuing a range of opportunities supported by ample financing to complete deals. “Having access to flexible and immediate funding gives us a real advantage, this was a key factor in closing this sizable deal. As an organisation, we are continually looking for opportunities to enhance our business offering, these acquisitions will significantly increase our portfolio of engines for sale, lease or exchange as well as our inventory of available engine components.”
This year APOC has already acquired one CFM56-3C1 and three CFM56-5As, two of which are now ready for lease. The arrival of a further CFM56-3C1 for lease or sale is imminent.
She further added, “We have already sold some of these new engines and others will be parted out, in fact we are currently working on our first engine tear-down and anticipate the initial integration of the parts into our stock before the end of the year. Our proprietary software updates our stock every 5 seconds in real time, so users can know exactly what we have available and precisely where that part is.”
Another way APOC is supporting their customers is through the introduction of ‘green time management’ solutions, which offer a cost-effective alternative to expensive shop visits.
Anca concluded, “A short-term lease on a CFM56 engine that still has ‘green time’ left in it can keep operators flying during these difficult times, as it allows them to delay overhauls costing millions. We believe this is an important ‘customer care’ initiative and is just one of the ways we’re working with MROs, repair shops and airlines who are keen to support their engine capabilities with innovative solutions to access quality engines and parts.”
