APOC is appealing to growing numbers of airlines and MROs around the world who are seeking flexible and nimble ways to leverage their landing gear stock.
13 July 2021: APOC’s specialized landing gear division signed a long-term lease with Lufthansa Technik Landing Gear Systems UK for a Boeing 777 landing gear. Currently around 40per cent of APOC’s LDG stock is leased, 30 per cent is allocated to exchange programmes and the remaining 30per cent is set up for additional lease opportunities, part-out projects and sales. Identifying suitable assets is a complex business and APOC carefully evaluates LDGs with leases attached if they fit with the division’s asset criteria of the highest quality.
Karolis Jurkevicius, VP Landing Gear Trading & Leasing ,APOC said, “We have worked closely with LTLGS for several years and we are extremely pleased to develop this mutually beneficial solution with them for this top-class widebody asset. We have been able to offer an attractive proposition, underpinned by our solid investment strategy, because our focus on building a long-term relationship gave us insight into their operational cost efficiency objectives. Widebody assets are an integral part of APOC’s LDG expansion plan. We’re investigating various opportunities to meet customers’ expectations and although this is our first significant first widebody project, it was a planned step. LDG stock for B767, B787, A330 and others will soon be part of the portfolio and we are aiming to further increase our inventory to meet customers’ needs.”
Christian Rodarius, Managing Director/CEO Lufthansa Technik Landing Gear Systems UK said, “Leasing the LDG from APOC has been a seamless experience. Choosing the lease option enables us to calculate costs for operational projects with certainty and it gives us additional flexibility to explore alternative investment strategies for our business.”
Tim Zurawski, Head of Asset Management at LTLGS said, “APOC developed the ideal asset management solution for the Boeing 777 LDG and the new lease agreement is perfect for us. We established a great team mind-set throughout the project and I look forward to new opportunities together.”
APOC is appealing to growing numbers of airlines and MROs around the world who are seeking flexible and nimble ways to leverage their landing gear stock. It offers repair management as a service to operators and has a portfolio of audited LDG repair shops with whom it manages repairs as needed. It also works with third-party experts to tear down LDGs for piece parts for sale, or to support customers’ on-going overhaul projects.
