APOC acquires first CFM56-5b for upcycling as engine portfolio expands

APOC has purchased its first CFM56-5b engine for immediate part-out. It is one of a range of engines that the business is sourcing to augment the new spare parts division and will comprise the complete array of components for overhaul including LLPs, fan blades, HPT, and HPC blades. The part-out will be undertaken by GA Telesis and is anticipated to be completed within the month.

“APOC is able to offer A320 family aircraft operators’ customers flexible green-time engine leasing solutions, so we need a range of assets to meet these varying needs,” says Anca Mihalache, VP Engine Trading & Leasing. “We already part-out engines that come off-lease as they become unserviceable, but as a fairly new department we are also buying engines directly for part-out and we have an impressive target for the acquisition and dismantlement of engines over the next five years.”

With secure funding available, APOC is on an upward growth trajectory. It is looking at packages of engines, not just single units. “We are seeing much more activity in the engine MRO shops” observes Mihalache. “Since we set up the APOC engine division some two years ago we have naturally experienced the impact of COVID-19. But we know our assets and the complexities of the aviation market. The acquisition of the CFM56-5b is important for our portfolio as we develop our capabilities and build our reputation as a strong and reliable partner for our narrow-body customers in the aviation industry.”