AJW Partners acquires new Boeing 737-700NG
Feb. 19, 2015, London, U.K. - AJW Capital Partners Limited has recently completed the purchase of a Boeing B737-700NG (MSN 29094). 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 programs worldwide, but also bolster the strategic inventory hubs that underpin the organization’s award-winning component support programs 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 realize 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 utilized 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.