AJW Group signs consignment agreement for A340-500

AJW Group has signed an agreement with a leading aircraft lessor to take on the consignment of an Airbus A340-500 MSN 572. As part of the agreement AJW Aviation will consign the complete airframe, APU and engines, beginning the teardown December 2016. The aircraft teardown is being performed by Tarmac Aerosave in Spain, Europe’s largest aircraft storage company, with full traceability on all components involved. AJW’s consignment business has completed over 50 individual projects to date, including airframes and engines. It specialises in extracting components and major assets from the aircraft and monetising them to achieve a higher return for the consignee through resale of the parts into the market.