Aircraft parts provider Broward Aviation Services (BAS) has acquired a CFM56-5A engine with a long Life-Limited Part (LLP) remaining.
BAS says that disassembly is now complete and all components are undergoing MRO at specialist workshops in the US, Europe and Asia.
This niche market engine is particularly relevant for operators of A320 family aircraft, but with parts commonality applicable to the 7B engine, it also suits the 737NG.
Dennis Amaty, co-founder and president of BAS, said: “High demand is due to the global fleet flying longer than anticipated and commonality of parts with 5B and 7B engines.
“We are currently looking to invest in further engines for part-out – particularly CFM56, V2500-A5s and CF6-80s, and anticipate the first integration of the parts into our stock hubs in the US and Ireland later this month.”
Amaty added: “We’re working with MROs, repair shops and airlines who are keen to support their engine capabilities with access to quality engines and parts.”
AERO CARE, a provider of engine aftermarket services and support to the narrowbody commercial aviation industry, is supporting BAS as it strategically expands its engine parts portfolio.
Anca Mihalache, managing director of AERO CARE, said: “Access to flexible and immediate funding to take advantage of engine acquisitions is crucial in today’s market.
“Finding partners with the confidence and ability of BAS to close deals of this type is of paramount importance in today’s highly competitive aftermarket.”
BAS says it is targeting further acquisitions to support the growth ambitions for the business and plans to tear down three more assets in 2024, with a clear target of four/five in 2025, and more in 2026.
BAS says this will augment their expanding spare parts division, including a new facility that is due to open in Shannon, Ireland, and will comprise the complete array of overhauled components including LLPs, fan blades, HPT and HPC blades.
Amaty added: “We know our assets and the complexities of the aviation market. The acquisition of this CFM56-5A is important for our portfolio as we develop our capabilities and build our reputation as a strong and reliable partner for our narrowbody customers in the aviation industry.”
Mihalache added: “I am very excited to collaborate with BAS as they turn their attention to engine components. As a company, they have built a solid foundation over the past 25 years and can be distinguished by their focus on quality and accuracy.
“They have a reputation as the ‘go to’ supplier for general aircraft parts and we will extend that to engine components with this new directive.”
READ MORE NEWS: Bamboo Airways selects IAI as CFM56-5B MRO provider