AJW Group, the aircraft spare parts management specialist, has expanded its power by the hour (PBH) contract with MIAT Mongolian Airlines to encompass its new Boeing 737 MAX8 aircraft fleet.
The parties formed ties in summer 2015, when they signed an eight-year PBH agreement covering four 737NG aircraft and two 767-300ERs.
Under the terms of the revised contract, AJW said it will position a dedicated main base kit inventory solution in Mongolia specific to MIAT’s MAX aircraft, to meet the airline’s immediate operational needs.
AJW also said that the extended program will give MIAT access to its stock of Boeing spares located across its global route networks across Europe, Central and Eastern Asia.
MIAT, headquartered in Mongolia's capital Ulaanbaatar has operated for more than 60 years and currently flies to more than 10 different destinations. It took delivery of its first 737MAX earlier this year, on lease from Avolon, and is expecting an additional aircraft from the leasing company later in 2019.
Christopher Whiteside, president and CEO of AJW Group, said the company plans to further invest in the 737MAX aircraft. The MAX8 variant ordered by MIAT will see a growth of 4,238 aircraft over the next 10 years, according to Aviation Week’s Fleet & MRO Forecast.