AerFin Boosts Asia-Pacific Activity

BARCELONA—End-of-life specialist AerFin has announced two major agreements that signal its growing presence in the Asia-Pacific region.

First, the UK-headquartered company confirmed last week during MRO Europe that it had entered the Japanese engine investor market with the sale of one CFM International CFM56-7B engine from the Boeing 737NG family. The engine deal is the first for the unnamed investor and could point to more future activity from AerFin in Japan.

AerFin announced the news on Oct. 23 and said the transaction was advised, arranged and structured by BeYoke Capital, specialists in aircraft structured finance, connecting fundraising entities to investors in Japan. Simon Goodson, CEO of AerFin, described Japan as a “critically important market” for the MRO.

Another key announcement last week was the purchase of six Airbus A330-200 aircraft with Pratt & Whitney PW4000 engines earmarked for parts trading. AerFin said that the aircraft, operated by an Asia-Pacific airline, further complements its inventory of A330 parts and materials. In addition, it will supplement its A320 common material base while providing used serviceable material to its A330 customer base.

The transaction coincided with AerFin’s formal opening of its office in Singapore, which opened in September. The Singapore outpost adds to its network of offices in Dublin, Miami and Wales, where it will occupy a new global headquarters in December in Newport.