EirTrade Aviation (EirTrade), Dublin-headquartered aviation asset management and trading specialist, has completed the acquisition of two Airbus A320neo aircraft formerly operated by Spirit Airlines, in partnership with Chicago-based aviation and rail lessor RESIDCO.
The aircraft – MSN 10769 and MSN 10921 – are just four years and three and a half years old respectively, making them the youngest A320neo airframes ever to be dismantled. Disassembly is taking place in Goodyear, Arizona, with all parts to be transferred to EirTrade’s parts hub in Dallas to support AOG requirements across the Americas, while strengthening the company’s global inventory.
Bill Thompson, Vice President of Origination & Trading for the Americas at EirTrade Aviation, said the transaction underlines the company’s focus on modern aircraft assets. “We are focused on newer vintage aircraft to ensure our inventory contains the highest quality rotables, enabling us to support customers with components built to the latest modification standards. We have also acquired four sets of in-demand LRU and BFE components from the PW1100 engine type as part of this significant transaction,” he said.
EirTrade notes that more than 4,400 A320neo aircraft are currently in commercial service, with a further 7,200 on order. This figure excludes the 6,500 A320ceo aircraft already in operation, many of which share interchangeable components. “Given the size of the fleet and Airbus orderbook, this platform will remain the largest segment of the global commercial fleet, with demand for USM increasing accordingly,” Thompson added.
