Agreement included overhaul of leaser's aircraft before delivery to next lessee airline.
Paris, Amstelveen, 29 October 2012 - AerCap signed a contract with AFI KLM E&M for cabin modifications and an overhaul on one of its A321 aircraft. The leasing company had recovered its aircraft from an airline in India and wanted to lease it to an operator in Russia. Following the AFI KLM E&M tender, AerCap commissioned the Group to carry out a general 6-year check as well as a C4 heavy maintenance check, which in particular includes an overhaul of the control system circuits and on-board computers. Besides painting the aircraft in the livery of its new operator the contract also included a cabin modification, changing 199 seats in Economy Class to 220.
"We have now been commissioning AFI KLM E&M for this type of intervention for the past six years. We are extremely satisfied because, despite the existence of a number of unknown and sometimes complex issues, our contacts have always shown great adaptability," said Eric Vermeulen, Co-Head of Fleet Management at AerCap. Jean-Marc Salomon, AFI KLM E&M VP Key Account & VIP Sales Marketing & Sales Directorate said: "We were delighted with this new contract and with the trust AerCap continues to show in us. It again demonstrates our ability to offer tailor-made solutions, along with the benefit of our services for this type of fast-growing aircraft leasing market player. Leasing companies like AerCap currently own 40% of the global fleet - a figure set to rise to 50% in the next few years."
AerCap is the world's leading independent aircraft leasing company and owns one of the youngest fleets in the industry. AerCap has assets valued at 11 billion dollars and a fleet of 350 aircraft. It specializes in modern fuel-efficient narrow-bodied aircraft and also in wide-bodies. Aercap is a listed company headquartered in the Netherlands, with offices in Ireland, the United States, China, Singapore, and the United Arab Emirates.