In a multi-million US$ contract program, APOC’s specialist landing gear division has agreed a long-term lease with Lufthansa Technik Landing Gear Systems U.K. (LTLGS) for a Boeing 777 landing gear.
Karolis Jurkevicius, VP Landing Gear Trading & Leasing – 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 wide-body 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 evaluates LDGs with leases attached if they fit with the division’s asset criteria of the highest quality. Currently around 40% of APOC’s LDG stock is leased, 30% is allocated to exchange programs and the remaining 30% is set up for additional lease opportunities, part-out projects and sales.
