Virgin Atlantic has appointed Bii.aero, a leading provider of aircraft parts and services for the commercial aviation sector, to oversee the consignment and storage process of its large surplus inventory of B747-400, A340-600 and A330-200 assets, now that the airline no longer operates these fleets of aircraft.
The material includes engines, APUs, and avionics. Virgin Atlantic is the latest airline to consign its inventory to Bii as the company adds to its portfolio of new and used serviceable material.
Bii will store, manage, market the material to secure revenue from the excess stock. The material is already certified and ready-to-go and Bii will sell, exchange and loan the parts, in accordance with customer requirements.
Gain revenue from stock
Martyn Haines, head of supply chain and commercial at Virgin Atlantic, said: “We were keen to find a partner that would prioritise our material and be in a position to pro-actively reach the market to gain revenue from the stock quickly.
“Having a support company like Bii that will dedicate staff and facilities to make it happen as a priority was essential to meet our objectives. We like their combination of fresh-thinking underpinned by a depth of industry experience.”
The stock will transition across 90 days from Virgin Atlantic’s Cardiff stores to Bii’s warehouse close to Gatwick Airport. After inspection by Bii, a small percentage of unserviceable material will require re-tagging – this will be managed by Bii’s in-house repair management team through audited MRO shops worldwide.
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