EirTrade Aviation, the global aviation asset management and trading company headquartered in Dublin, will manage the disassembly and consignment of the world’s first two B787-8s to be retired from commercial service.
First flown commercially in 2011, the 787-8 or Dreamliner, remains Boeing’s flagship widebody aircraft and, to date, has never been retired from commercial service. The two 10-year-old aircraft will be disassembled simultaneously off-site, with parts expected to be available in late Q1 2023.
EirTrade has been ramping up its aircraft disassembly activities at its facility in Knock, Ireland West, focusing on Airbus and Boeing aircraft. Lee Carey, VP Asset Management at EirTrade, believes that the company’s proven track record and global network were pivotal in securing the deal and comments, “Our targeted relationships with airlines, MROs and OEMs on the B787 platform were crucial to securing this project and maximising the value of the two aircraft.”
Ken Fitzgibbon, CEO of EirTrade Aviation says that with the first B787s approaching the 12-year check, the disassembly of these two B787 aircraft could not come at a better time for operators and maintenance facilities of the aircraft looking to source used serviceable material (USM) for the aircraft to reduce the cost of maintenance. “As no B787s have been retired from commercial service to date, there is almost no USM market for this platform at the moment. We are entering into a specialist area and hope to become a market leader in the provision of USM for the platform which will enable the reduction of the cost of maintenance events for B787 aircraft owners.”
EirTrade will be managing the inventory of assets with a view to selling, leasing, or exchanging material removed from both aircraft, which will be stored in one of the company’s facilities in Ireland. “We have, of course, already inducted Boeing and Airbus widebodies for disassembly and are no stranger to disassembling new technology aircraft having previously been involved in the first A380 aircraft to be retired and one of the first companies to disassemble the CFM56-7BE engine.”
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