Vallair has completed the sale of one V2527-A5 and one CFM56-5B3. Both engines were sold to US asset specialist and parts provider, TrueAero, for teardown.
TrueAero is a diversified mid/end of life asset manager with a portfolio of 50 aircraft, and 20+ engines under or available for lease. Furthermore, TrueAero provides customers with an extensive inventory of repaired and ready-to-ship replacement parts. They maintain a reliable inventory of GE, CFMI, Pratt & Whitney, and IAE certified engine components, as well as Airbus, Boeing, and Embraer airframe material.
According to Patrick Leopold, director of trading at Vallair, USM for engines is in high demand globally, especially for the CFM56-5B engine model. “This is linked to the large number of -5Bs which will go through planned shop visits over the next few years. In anticipation of this increased parts demand, many significant businesses in the market are acquiring teardown assets for the type,” Leopold said. “Considering the on-going reliability issues with the A320 family NEO engine types, we see current engines being operated for longer and the requirement for parts to continue to ramp up.”
Both engines were sold in ‘as is’ condition and teardown will be managed by TrueAero.
“We are actively planning to dismantle aircraft and engine assets in our own teardown facilities in Q3 and Q4,” Leopold added.
Vallair reports seeing year-on-year growth of more than 20% for USM attributed to its clear focus on extending the life and maximising the value of key parts through its in-house repair shop for aerostructures and its network of audited repair vendors worldwide.