AJW Group, a market leader in the global management of aircraft spares, has signed an agreement with Aero Contractors, the Nigerian-based airline, to assist in the restructuring and upgrading of their MRO support services.
AJW Group will be supporting Aero Contractors with the upgrade of its MRO services to C check capabilities for Boeing 737 Classic and ensure that maintenance is carried out to very high standards, thus providing added quality assurance to customers. In addition to their own fleet, Aero Contractors will be able to extend these services to third party operators both in-country and within region.
Furthermore, the group will also be focusing on the management of Aero Contractors’ assets to deliver an effective return on investment, disposal of Aero Contractors’ PW105 engines and to provide support with engine shop visit management. In addition, AJW Capital, the Group’s principal investing division responsible for the purchase, sale and lease of large aviation-related capital assets, will facilitate the acquisition of two new Bombardier Q400 aircraft for Aero Contractors.
Christopher Whiteside, the President and Chief Executive Officer of AJW Group, said: “Our focus on quality is instilled in everything we do, and our decision to work with Aero Contractors is testament to that. AJW Group is highly regarded for its expertise and excellence across a broad range of MRO services, including repairs and inventory management and we look forward to working in partnership with Aero Contractors going forward.”
Reacting to the positive development, Capt. Ado Sanusi, Chief Executive Officer of Aero Contractors, said: “We are very excited to work with AJW Group on this project and feel that it will have a marked effect on our operations going forward. Having been in the business for 58 years, I am confident we have found the right partner to work with.”
It would be recalled that Capt. Sanusi shortly after he was appointed to lead the management team of Aero by the Asset Management Corporation of Nigeria (AMCON) promised that he would employ all avenues that would lead to the return of the airline as the preferred brand for air travellers in the country. He also identify the revival of the MRO as one of those business modules, which will bring revenue to the foremost airline.
AMCON intervened in Aero in 2011 following a barrage of anomalies including huge indebtedness, lack of corporate governance and a host of other business malpractices. The deal explains exactly what AMCON led by Ahmed Kuru wanted to achieve when it takeover of the airline, which led to a lot of misinterpretations especially from those that did not understand the rot in Aero at the time.
AJW Group is a world leading specialist in the supply, repair and lease of commercial aircraft spare parts, including services in aircraft engines, aircraft inventory management; power-by-the-hour and pooling support; consignment stock; global 24/7 AOG; component maintenance and overhaul; consumable supplies; logistics and freight management. AJW offices are based in London, Dubai, Singapore, Shanghai and Montreal and elsewhere in North America with further inventory hubs across Europe, Asia and the US.