October 10, 2012
A J Walter Aviation signs four new power-by-the-hour agreements
A J Walter Aviation has signed new power-by-the-hour agreements with four key European customers – Air Moldova, Cosmo Airlines, BH Air and Aerosvit Airlines. These contracts bring the combined fleet that AJW has under PBH or pooling contract to over 400 aircraft globally. AJW will support these customers from its network of strategic hubs across Europe and the rest of the world, which comprise service ready Boeing and Airbus component inventories valued at over US$450m. The new PBH agreement with Air Moldova covers the entire Airbus A320 fleet of the national carrier. Declan Meagher, Director – Europe, explains “Our support hub in Prague will provide Air Moldova with enhanced flexibility and this was one of the main factors in its decision to select AJW as their new service provider.”
Based in Madrid, Cosmo Airlines operates routes in Europe, with the main focus of charter operations. AJW will support its current fleet of two A320 aircraft, growing to four aircraft over the coming year.
BH Air, founded in 2001 in Bulgaria, increased its existing service contract with AJW in June to cover its full fleet of eight Airbus aircraft – benefiting significantly from AJW‘s comprehensive Airbus inventory.
Ukraine based airline Aerosvit, with its significant mixed fleet of 25 B737CL/NG aircraft, chose AJW in August to fulfil its extensive, fleet-wide servicing requirements. All four airlines will benefit from complete operational peace of mind with AJW’s competitive and all-inclusive servicing programme.