APOC Aviation has purchased another A320 family airframe for teardown. Built in 2000, the aircraft was last operated in Europe.
The A320 is the fifth narrow-body acquisition that APOC has successfully closed this year. Funding for the purchase was secured through private placement. It is anticipated that the first serviceable parts, including landing gear but not engines, will be parted out from the teardown facility in Spain in the fourth quarter of the year.
says the Company is confident it can continue to secure investment for the right assets. “APOC Aviation were quick to seize this opportunity and we had secure financing in place to close the deal,” said Jasper van den Boogaard, VP Airframe Acquisition & Trading at APOC Aviation. ” Even in these difficult times I am pleased to say that, despite the constraints of COVID-19, APOC is able to source and finalize deals for our target aircraft. Inevitably there will be a decline in the market value of older narrow-body parts – so the A320 and B737 family aircraft APOC Aviation seeks are those equipped with the latest modifications.”
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