Satair has released that it has established a legal entity, Satair (Chengdu) Co., Ltd, in China.
The creation of this new legal entity supports Satair’s commercial strategy of ramping up used serviceable material (USM) growth and localising services to support the substantial growth expected in both the Chinese and global commercial aviation USM markets, +40% worldwide through 2027. This entity will play a vital role in the operations of the first Aircraft Lifecycle Services centre in China, monetising end-of-life assets through the sale of USM worldwide.
In July 2022, Satair acquired VAS Aero Services, taking in expert capabilities and know-how related to managing engine and multi-fleet USM, in addition to the complete USM value chain. Satair and VAS Aero Services will acquire end-of-life aircraft and engines and, after the repair and certification process, will distribute parts in used serviceable condition to its customer base both globally and throughout China.
Richard Stoddart, CEO, Satair, commented “The world is calling on us to establish innovative methods to establish the circularity of materials – and so are our customers. With this Aircraft Lifecycle Services centre, we are acting, setting up our organisation to support the demands of a rapidly growing market via more efficient solutions.”
Satair is a global company and one of the world leaders in the commercial aerospace aftermarket. The company supports the complete life cycle of the aircraft with a full and integrated portfolio of flexible, value adding material management products, services and tailored support modules across all platforms. As a key part of Airbus customer services, Satair has exclusive or primary distribution arrangements for aerospace component manufacturers and supplies parts to multi-fleet customer airlines and MRO companies. It also fulfils the material service support obligation for the in-service fleet of more than 7,000 Airbus aircraft.