AeroTurbine entered into a component purchase and sale agreement and a component lease agreement with British Airways, whereby AeroTurbine will purchase British Airways’ entire stock of wheels and brakes for the Boeing 737, 757, 767, 777, and 747-400 and will lease the same back to British Airways for a period of between six years and ten years, in line with British Airways’ fleet renewal plans.
AeroTurbine has agreed to allow British Airways to position the wheel and brake stock at various locations around the world to support British Airways’ day to day flight operations and manage the ongoing maintenance of the equipment in line with British Airways’ normal high maintenance standards.
