APOC acquires four young Boeing 737 airframes from large US legacy carrier

APOC has purchased four Boeing 737 airframes for teardown from a large US based legacy carrier. Built in 2008/9 the airframes have single operator traceability and were fully active until COVID-19. The aircraft are currently being parted-out in Marana, Arizona. It is anticipated that the first serviceable parts, including landing gear, will become available this Summer.

According to Jasper van den Boogaard, VP Airframe Acquisition & Trading at APOC, the Company continues to secure investment for the right assets. “APOC was quick to seize this multi-million dollar opportunity and we had secure financing in place to close the deal.  Despite the constraints of COVID-19, we are very pleased to have closed this important deal.  As airlines seek to rightsize their fleets to balance demand with new inductions, opportunities will emerge to divest certain assets.  When multiple airframe deals are under discussion it is important for airlines and lessors to co-operate with like-minded partners, such as APOC, who understand the dynamics in today’s changeable marketplace.”

The A320 and 737 family aircraft APOC seeks are those equipped with the latest modifications. So securing young vintage airframes is key to ensuring that the Company’s growing parts inventory, which will be located at its stock hubs in The Netherlands, Singapore and Miami, comprises the most desirable components.

“As airlines worldwide rebuild their operations narrowbodies will be the first to fly again” continues Van den Boogaard.  “We will support our customers through the sale of parts but also exchange, loan and consignment – whatever is best for them. Our proactive teardown programme is designed to increase our stock of high-quality commercial parts, not just replenish.”

Van den Boogaard, who is an ISTAT Certified Appraiser, is observing the fluctuations in aircraft asset valuations closely. “Over the next few months, APOC has further airframe acquisitions in the pipeline particularly LDGs and engines. We’re pleased to say that we have the liquidity needed to take advantage of opportunities as they arise and complete transactions smoothly – we are always keen to talk to operators, OEMs and MROs that have assets for sale or seek a consignment partner.”