February 5, 2018 — Universal Asset Management, Inc. (UAM), a global leader in aviation asset management, high-tech aircraft disassembly and commercial aviation aftermarket solutions, has completed the acquisition of a portfolio of Airbus A340 airframes and engines from Airbus Asset Management for trading and component support.
The portfolio, which includes three Airbus A340-300 airframes, one Airbus A340-500 airframe, nine CFM56-5C engines and eight Rolls Royce Trent 500 engines, will be stored in Europe to augment trading and component support opportunities for the UAM customer base worldwide. “We are pleased to be working so closely with Airbus Asset Management on this transaction as we continue to expand our market presence in the EMEA region as well as Asia, in partnership with our parent company ARI- a wholly owned subsidiary of China Aircraft Leasing Group Holdings Limited (CALC)”- Shawn Kling, President of UAM states. “This transaction comes on the heels of the recent order placed with Airbus of over $5 billion in new aircraft from CALC, which I believe is demonstrative of our mutual commitment to work successfully with the Airbus family in providing full lifecycle solutions for commercial aircraft ” said Kling.
UAM is a global leader in aviation asset management, aircraft disassembly and commercial aviation aftermarket component sales. Over the last 25 years, UAM has disassembled over 300 aircraft including all Boeing platforms, as well as Airbus A300, A310, A320, A330 and A340 aircraft. Headquartered in Memphis, TN USA, UAM additionally has multiple sales offices located around the world including London, UK. The UAM aircraft disassembly center is located at the Tupelo Regional Airport in Tupelo, MS USA and the 450,000 square foot Global Distribution Center is located in Verona, MS USA.
In March 2017, UAM was acquired by Aircraft Recycling International (ARI) - a subsidiary of the China Aircraft Leasing Group Holdings (CALC, SEHK stock code: 01848.HK). As a wholly owned US subsidiary of ARI and a part of its global disassembly & distribution platform, UAM deploys cutting-edge proprietary technologies to create investment-grade solutions for mid-to-end of life aircraft platforms. Together, ARI and UAM will form global solutions for aging aircraft, further consolidating CALC's status as a full value-chain aircraft solutions provider. For more information about UAM, please visit www.uaminc.com . For information about ARI, please go to http://www.ari.aero/ .
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