September 24, 2013
AJW Aviation signs three year contract with ELFC
AJW Aviation has signed a three year contract with the Engine Lease Finance Corporation (ELFC) to become long term engine consignment partners. AJW provides complete aircraft spares support to a global portfolio of more than 800 airlines and operators and this represents an important source of high value engine spares for the Company’s inventory. The contract covers end of lease engines which, once consigned to AJW, will be torn down for parts, to be repaired and marketed for sale globally to airlines and MRO organisations. ELFC is a leading independent spare engine financing and leasing company, specialising in the provision of flexible, medium to long-term spare engine support packages for the airline industry with over 280 engines available for lease and a combined asset value of $1.8bn. Headquartered in Shannon, Ireland, the company is owned by BTMU Capital Corporation of Boston, USA, which is a wholly-owned subsidiary of The Bank of Tokyo Mitsubishi UFJ, Ltd. one of the world’s largest financial institutions.