Universal Asset Management (UAM), the U.S.-headquartered company, has announced the acquisition of a new Airbus A319 which it intends to disassemble and utilize the parts for customers.
The aircraft, previously operated by Colombian carrier Avianca and owned by Irish lessor SMBC Aviation Capital, arrived at UAM’s aircraft disassembly center in Tupelo, Mississippi in late July 2018. No transaction figure for the aircraft was released.
Michael Kenney, Senior Vice President for UAM, says: “With the newly-available inventory, we look forward to discussing key purchasing requirements with our airline, OEM and MRO Airbus customers.”
UAM is among North America’s largest asset management companies, having disassembled more than 300 of its own and third-party aircraft. It has previously expressed long-term confidence in the 737 and A320 markets for disassembly not just in North America but also in China.
It expanded its operations in China in June this year through the opening of its first facility under the name of its Aircraft Recycling International (ARI) parent company.
ARI, a subsidiary of China Aircraft Leasing Group, acquired UAM in March 2017 and will operate the new facility in a country that Aviation Week’s Fleet & Forecast data projects to grow at a compound annual growth rate of 5.3% over the next 10 years.