Broward Aviation Services Acquires CFM56-5A Engine as It Begins Engine Focused Growth Partnership with AERO CARE
In a move to increase its engine assets base, Broward Aviation Services (BAS) has acquired a CFM56-5A engine with long LLP life remaining. With disassembly now complete, 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, confirms that the Company is actively pursuing a range of opportunities supported by ample funding to complete deals. “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 USA and Ireland later this month. We’re working with MROs, repair shops and airlines who are keen to support their engine capabilities with access to quality engines and parts.”
“Access to flexible and immediate funding to take advantage of engine acquisitions is crucial in today’s market” says Anca Mihalache, Managing Director of AERO CARE, whose expertise in the commercial aircraft engine market is highly respected. She is supporting BAS as they strategically expand their engine parts portfolio and is responsible for sourcing assets, managing the disassembly and coordinating repairs. “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,” she adds.
BAS 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. This will augment their expanding spare parts division, including a new facility which is about to open in Shannon, Ireland, and will comprise the complete array of overhauled components including LLPs, fan blades, HPT and HPC blades.
Amaty goes on to explain that BAS is looking at packages of engines, not just single units. “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 narrow body customers in the aviation industry.”
Mihalache adds, “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.”
