AJW completes acquisition of a Boeing B737-700NG
This was the second of two recent deals and covers the airframe only. Teardown will shortly commence and the components will not only support AJW’s power-by-the-hour programmes worldwide, but also bolster the strategic inventory hubs that underpin the organisation’s award-winning component support programmes for airlines and operators of all sizes.
Ian Malin, Chief Executive Officer of AJW Capital Partners Limited commented: “This was our first purchase of a Boeing NG aircraft since 2012 and an important one for the Group as we expand our power-by-the-hour customer base. AJW Capital managed this highly competitive transaction on behalf of our private investors who, alongside AJW Aviation, seek to realise revenue from the conversion of airframes into component assets.”
AJW Capital is the AJW Group’s principal investing division and is responsible for the purchase, sale and lease of large aviation-related capital assets, including whole aircraft and engines. AJW Capital also creates and manages joint venture vehicles to acquire packages of aircraft and engine spare parts that are utilised by AJW Aviation, the world’s largest privately held specialist in the supply, exchange, repair and lease of commercial aircraft spare parts. AJW services include daily and 24/7 AOG component support; consumables; power-by-the-hour and pool access; aircraft engine leasing, management and parts sales. Extensive component repair capabilities are managed by the Group’s component MRO division – AJW Technique.
AJW companies are based out of London, Singapore, Shanghai, Dubai, Miami and Montreal with strategic aircraft spares stock held in these locations; across the UK, Europe and North America. AJW provides sales and service support from a network of local offices globally, conducting business with more than 1,000 airlines in 115 countries.
The AJW Group comprises A J Walter Aviation Limited; A J Walter Aviation Singapore Pte Limited; A J Walter Aviation Middle-East FZE; A J Walter Aviation Inc.; A J Walter Leasing Limited; A J Walter Capital Partners Ltd; AJW Technique; A J Walter Aviation Engines Division.
