Contract award marks the third Dr. Peters Group Airbus A380 to be dismantled by VAS
Boca Raton, FL -
VAS Aero Services, a global leader in aviation logistics and aftermarket services, and Dortmund, Germany-based Dr. Peters Group, an investment fund management firm and lessor with assets in aviation, real estate and shipping, announced the placement of an Airbus A380-800 aircraft with VAS for teardown and redistribution of high-market-demand used, serviceable material. Teardown commenced in November.
This contract award follows the companies’ successful teardown of the first two A380 aircraft ever to be designated for dismantlement. Under the current consignment agreement, Dr. Peters will retain ownership of the Rolls Royce engines for re-leasing, while VAS will manage the aircraft dismantlement for global sale and distribution of sought-after material.
“We are delighted to be working once again with VAS Aero Services on the dismantlement of an Airbus A380 aircraft,” noted Christian Mailly, Head of Aviation. “We have seen VAS’s capabilities in managing the teardown of sophisticated aircraft such as the A380 in previous projects and their worldwide aftermarket sales network. We are looking forward to deliver best in class results from the teardown for our aviation fund investors together with VAS.”
VAS will manage the teardown of the A380 airframe through its partnership with Tarmac Aerosave, a leader in aircraft storage, maintenance and recycling based in Tarbes, France. Harvested serviceable parts will be marketed via a worldwide sales network, leveraging VAS’s strategic position as a valued spare parts supplier to OEMs, MROs and airlines around the globe.
“The aircraft to be dismantled is in flight-ready condition, increasing the reliability and serviceable life of the harvested parts, and assuring quick availability to support A380 operators and other fleets sharing part number commonality,” said Tommy Hughes, VAS.
Chief Executive Officer. “We are gratified that Dr. Peters Group has once again selected VAS for our technical expertise and parts marketing capabilities, further demonstrating that VAS is, indeed, the go-to source for revenue maximizing end-of-life services for airline operators, OEMs and lessors around the globe.”