Aeronautical Support International (ASI Aero) has announced the formation of Team Aero Partners to target investments in aviation commercial assets to support the Used Serviceable Material (USM) and “Green-Time” aircraft engine leasing markets. ASI Aero entered into this joint venture agreement with a New York-based private capital partner.
As the operating member ASI Aero will source engine assets for the JV and subsequently manage these assets through consignment programs. Team Aero Partners will initially dedicate $32 Million to the venture.
“This is a great opportunity for ASI Aero to increase our inventory and to support our Airline and MRO customers around the world as the market returns to pre-Covid levels. This also makes other pools of capital available to expand and to diversify our business,” said Dean Morgan, ASI Aero president.