VAS Aero Services, a global leader in aviation logistics and aftermarket services, and Dortmund, Germany-based Dr. Peters Group, an investment fund management firm and lessor with assets in aviation, real estate and
shipping, have announced the placement of an Airbus A380-800 aircraft with VAS for tear-own and redistribution of high-market-demand used, serviceable material. Tear-down commenced in November.
This contract award follows the company’s successful tear-down of the first two A380 aircraft ever to be designated for dismantlement. Under the current consignment agreement, Dr. Peters will retain ownership of the Rolls Royce engines for re-leasing, while VAS will manage the aircraft dismantlement for global sale and distribution of sought-after material.
