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| Courtesy Boeing Commercial |
EirTrade Aviation Ireland Ltd has completed the tear-down of a Boeing 737-500 aircraft, for an undisclosed party, in their hangar at Ireland West Airport Knock. This is the first aircraft of its type to be dismantled by EirTrade and in Ireland and the second aircraft to be dismantled at their Ireland West Knock facility.
The Irish government has targeted aircraft dismantling as a growth business for Aircraft Maintenance and Repair (MRO) Industry through the Finance Bill 2013 which specifically designates tear-down pads-special parking areas for aircraft being dismantled qualify for accelerated capital allowance over seven years.
Avolon Leasing retirement trends and outlook published in September 2012 forecast 8,000 aircraft are expected to be retired from service in the next decade hence the number of aircraft available for tear-down will increase significantly, thus creating immense opportunities for EirTrade Aviation to grow business.
IBA Commercial Director Owen Geach said “You will see an increasing number of MD-80s, 737s, 757s and A320s heading for part-out as they get replaced by newer-technology aircraft.”
EirTrade provides aircraft and engine tear-down management, sales and consignment of aircraft and engine components and back to birth traceability on aircraft engine records to maximize their value.EirTrade also offers storage facilities for Airlines & Lessor’s at their IAA Approved Dublin facility.
Irish Aviation Research Institute © 16th May 2013 All Rights Reserved.
