APOC’s specialist landing gear division has agreed a long-term lease with Lufthansa Technik Landing Gear Services UK (LTLGS) for a Boeing 777 landing gear. Karolis Jurkevicius, vice president Landing Gear Trading & Leasing at APOC said: “We have worked closely with LTLGS for several years and we are extremely pleased to develop this mutually beneficial solution with them for this top-class widebody asset. We have been able to offer an attractive proposition, underpinned by our solid investment strategy, because our focus on building a long-term relationship gave us insight into their operational cost efficiency objectives.”
Identifying suitable assets is a complex business and APOC carefully evaluate LDGs with leases attached if they fit with the division’s asset criteria of the highest quality. Currently around 40 percent of APOC’s LDG stock is leased, 30 percent is allocated to exchange programmes and the remaining 30 percent is set up for additional lease opportunities, part-out projects and sales.
“Widebody assets are an integral part of APOC’s LDG expansion plan” said Jurkevicius. “We’re investigating various opportunities to meet customers’ expectations and although this is our first significant first widebody project, it was a planned step. LDG stock for B767, B787, A330 and others will soon be part of the portfolio and we are aiming to further increase our inventory to meet customers’ needs.”
APOC is appealing to growing numbers of airlines and MROs around the world who are seeking flexible and nimble ways to leverage their landing gear stock. It offers repair management as a service to operators and has a portfolio of audited LDG repair shops with whom it manages repairs as needed. It also works with third-party experts to tear down LDGs for piece parts for sale, or to support customers’ on-going overhaul projects.
Christian Rodarius, managing director and CEO at Lufthansa Technik Landing Gear Services UK said, “Leasing the LDG from APOC has been a seamless experience. Choosing the lease option enables us to calculate costs for operational projects with certainty and it gives us additional flexibility to explore alternative investment strategies for our business.”