AerCap has entered into a seven-year component sale-and-leaseback agreement with OEMServices S.A.S. (OEMServices). This strategic move underscores the ongoing collaboration between the two entities and marks a substantial development in their partnership.
As part of this comprehensive agreement, AerCap Materials, an integral arm of AerCap, will provide an extensive inventory of crucial Airbus A220 aircraft components. The primary objective is to bolster OEMServices’ support infrastructure for its extensive airline customer base. This collaboration is a testament to AerCap Materials’ commitment to offering innovative and cost-effective inventory financing solutions to OEMServices, with a focus on various aircraft platforms, including the Airbus A320 and Airbus A380 lines.
Aimee Craig, CEO of AerCap Materials, expressed her enthusiasm about the continuous growth of the company’s inventory financing services. She highlighted the pivotal role played by AerCap Materials in delivering cutting-edge solutions to its diverse customer base. The extension of the strategic partnership with OEMServices signifies a mutual commitment to furthering their relationship and addressing the evolving needs of the aviation industry.
Didier Granger, Group Chief Executive Officer of OEMServices, also shared his perspective on this latest development. He emphasised the significance of this step in the partnership, underlining the common understanding of the market and the quality of the relationship that has been cultivated over the years. Granger believes that this agreement will open up new avenues for collaboration between the two companies, presenting exciting opportunities in the future.
OEMServices, renowned for its leadership in providing component, logistic and trading services for airlines and original equipment manufacturers (OEMs), was founded by industry giants such as Diehl Aerospace, Liebherr Aerospace, Thales Avionics, and Zodiac Aerospace. The company was established with the aim of offering airlines comprehensive, integrated support services by leveraging the capabilities, assets and expertise of multiple OEMs. Headquartered at Paris CDG airport, OEMServices operates major hubs in Europe, the U.S.A., the Middle East and Asia.
In summary, this seven-year component sale-and-leaseback agreement not only strengthens the partnership between AerCap and OEMServices but also reflects the dynamic nature of the aviation industry. The collaboration aims to enhance support services for airlines worldwide, contributing to the growth and efficiency of both companies in the ever-evolving aviation landscape.
