Pacific Aerospace Resources & Technologies in Victorville, Calif. PART

Parting Out PART

California-based company is the subject of a potential acquisition.

Not often does an entire MRO company, complete with its maintenance facilities and specialist shops, entire parts inventory, tooling, equipment, rolling stock and even ready access to a vast fleet of aircraft potentially available for parting out and recycling, come up for auction as a going concern to help pay off creditors.

But that’s precisely what is happening to Pacific Aerospace Resources & Technologies LLC (PART), a subsidiary of Las Vegas-based ARC Aerospace Industries. ARC specializes in aircraft recycling, producing high-end furniture from recycled aircraft materials and until now, through PART, commercial-aircraft MRO and storage.

The assignee for the benefit of creditors retained company asset-sale firm Tiger Group--in cooperation with aerospace-industry sale and auction specialist Cloud Investment Partners--to conduct a sealed-bid offering for the turnkey sale of all of PART’s assets.

PART--which is a Boeing fleet services partner with multiple certifications that include International Aerospace Quality Group AS9110B, FAA Part 145, EASA, Aircraft Fleet Recycling Association certifications, and approvals from the Brazilian, Mexican, Bermudian and other CAAs--provides a full range of aircraft MRO services.

These include “aircraft maintenance and modifications, advanced composite repairs, in-house Level 3 NDT services, aircraft preservation, storage and disassembly, and AOG field team support,” according to Jeff Tanenbaum, executive managing director of Tiger Group's Commercial & Industrial division.

The sealed-bid offering of the PART MRO facility includes “favourable” leases for three hangars and office space, extensive tooling, a vast parts inventory, equipment, rolling stock, and a composite shop, according to Tiger Group. Bids are due on September 7 and the auction is scheduled to take place on September 21.

PART is located at Southern California Logistics Airport (SCLA, also known as Victorville Airport), a massive complex of long runways, maintenance hangars, cargo warehousing and distribution facilities and business-aviation fixed base operators located in Victorville. This southern California city is sited about 80 miles east of Los Angeles and some 20 miles north of San Bernardino astride the I-15 freeway between Los Angeles and Las Vegas, in desert country which sees lots of clear, dry, warm weather.

SCLA--which was George Air Force Base, a large US Air Force training facility, until 1992--is notable as an important commercial-aviation facility on two counts. Although the airport doesn’t host commercial passenger flights (it does see freighter flights), it is home to Southern California Aviation, which provides one of the largest short- and long-term storage facilities in the USA for commercial aircraft.

Because of SCLA’s 360 days of sunshine annually and its 10 percent average humidity level, dozens to hundreds of stored commercial aircraft are in residence there at any given time. Many of those aircraft may not fly again and potentially they are available for parting out and recyling.

There are more than 250 commercial aircraft storied at SCLA at present, says, David Weiss, partner at Cloud Investment Partners LLP, adding that the PART facility “will give the purchaser instant access to a much-sought aftermarket in aircraft storage and end-of-life aircraft solutions”.

Because its longest runway is 15,050 feet in length (making the runway, 17/35, the second-longest public-use runway in the country), SCLA attracts plenty of outsize-cargo flights by Antonov An-124 freighters and also various specialized operators call the airport home. Boeing, GE Aviation and Pratt & Whitney all conduct test-flying from SCLA and at least one large water-tanker aircraft used in fighting wildfires throughout the southwestern USA is based there.

PART’s facility at SCLA includes two widebody hangars and one narrowbody hangar, the largest and newest of which was built in 2007 and offers 90,000 square feet of hangar space plus an additional 30,000 square feet of administrative and customer offices.

The largest hangar can house multiple configurations of both widebody and narrowbody aircraft, according to Tiger Group. The facility includes extensive tooling for Boeing 737NGs and other commercial-aircraft models.

Parts and equipment in the turnkey package to be auctioned include more than 9,000 line items and total approximately 600,000 new consumable parts. There are also 13,000 line items of rotable parts, including landing gears, valves, computers and other components, for Boeing types including the 767, 757, 737 and others, as well as Airbus and Bombardier CRJ aircraft.

In addition to a recently built, fully equipped composite shop, the offering includes many ground support equipment (GSE) items, including trucks, tugs, ground power units, tow bars, stands, jacks, motors, hydraulic pumps, carts, and other types of equipment.

PART

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