Aircraft Recycling International Limited ("ARI") was established in September 2014. Its major shareholders include China Everbright Limited ("CEL"), China Aircraft Leasing Group Holdings Limited ("CALC"), Friedmann Pacific Asset Management ("FPAM") and Sky Cheer International Limited. ARI is the downstream extension of CALC's aviation value chain, and will be mainly engaged in asset management and aircraft solutions related to mid-to late-life aircraft. ARI's comprehensive old aircraft solutions include sales and leaseback, trading of aircraft components, teardown and recycling, maintenance, repair and overhaul ("MRO"), aircraft conversion and more. ARI is working towards building up an aviation recycling ecosystem with the management of mid- to late- life aircraft. Leveraging the sound synergy with CALC, the group makes use of complementary expertise in technology to extend the value chain of aviation industry in China, in an effort to support the recycling economy marked by high technology and high added value.
Headquartered in Hong Kong, ARI integrates international and domestic practices by introducing established old aircraft solutions from abroad then tailoring them according to local situations. ARI will provide old aircraft disposal solutions with Asia's largest aircraft disassembly center as its platform, which is located in Harbin with a GFA of 300,000 sq.m. The hangar can accommodate B747 wide-body aircraft and its production capacity will allow the disassembly of up to 50 aircraft per year.
With approximately 12,000 aircraft estimated to retire in the next two decades, i.e. 600 units per year in average, together with the fact that China's old aircraft are facing a retirement peak, China's aircraft disassembly market is presented with considerable opportunities.