AMSTERDAM and MIAMI, April 20 /PRNewswire-FirstCall/ -- AerCap Holdings N.V. ("AerCap," NYSE: AER) announced today that its subsidiary AeroTurbine Inc., Miami, has signed a ten year agreement with Chromalloy Gas Turbine LLC. Under this agreement, AeroTurbine will provide supply chain management services for Chromalloy owned surplus engine/auxiliary power unit (APU) material. This program includes running the Warehousing, Shipping, Records Reconstruction, Quality Control, and Inventory Control System functions in Chromalloy's Newnan, Georgia facility. Furthermore, AeroTurbine will have the ability to remarket the material through its global sales and marketing network.
The initial inventory selected for inclusion in this program includes in excess of 50,000 line items of CFM56, CF6, PW4000, PW2000, V2500, JT8D, various whole APUs/APU piece parts and ground power engine piece parts. The agreement allows for further expansion with material surplus from Chromalloy.
"AeroTurbine is delighted to be working with a partner as strong as Chromalloy in this initiative. We have extensively developed our supply chain products and services over the last several years," said Michael King, AeroTurbine President and Chief Executive Officer. "This transaction with Chromalloy marks a major milestone in our history as we successfully bundle all of the services to provide a total supply chain solution."
About AerCap and AeroTurbine
AerCap is an integrated global aviation company with a leading market position in aircraft and engine leasing, trading and parts sales. AeroTurbine is a subsidiary of AerCap focusing on engine leasing and trading, airframe and engine disassembly, aviation supply chain solutions, part sales and MRO services. AeroTurbine has operations and sales offices in the Americas, Europe, the Middle East and Asia (www.aeroturbine.com).
Chromalloy is the world's largest independent supplier of technologically advanced repairs, coatings, and FAA-approved replacement parts for turbine airfoils and other critical engine components. Chromalloy serves the airline, military, marine and industrial gas turbine segments at locations in 14 countries around the globe (www.chromalloy.com).
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Frauke Oberdieck, AerCap
Peter Wortel, AerCap
Tel. +31 20 655 9616
Tel. +31 20 655 9658
SOURCE AerCap Holdings N.V.