TULSA, OKLA. (April 8, 2014) – NORDAM and GE Capital Aviation Services’ (GECAS) Asset Management Services unit announced a new cooperative initiative to provide airline customers with enhanced options for flight controls.
The partnership combines GECAS’ inventory of flight control parts from aircraft teardowns with NORDAM’s strengths in component repair to offer airlines a faster and lower-cost solution than repair of the customer’s part.
“We can repair almost anything,” said NORDAM vice president of global marketing Bailey J. Siegfried, who also is responsible for the firm’s rotable assets. “But it can take time, depending on the part condition. With GECAS’ inventory of spare parts, we can offer a quicker – and in some cases, lower-cost – solution than repairing the customer’s part.”
The two companies will begin with a focus on flight controls and plan to expand into other components in the future.
“With GECAS’ vast inventory of spare parts and NORDAM’s ability to quickly determine a part’s condition and repair, we can offer customers wider choice and faster turn times,” said Shay O’Donnell, vice president of sales and marketing for GECAS Asset Management Services.
GECAS’ Asset Management Services unit, headquartered in Memphis, Tenn., is one of the largest worldwide distributors of recertified aviation components for Airbus, Boeing and Bombardier aircraft. The parts trader has an inventory of 80,000 part numbers, located in warehouses in the U.S., Great Britain and Singapore. (www.GECAS.com)
ABOUT GE Capital Aviation Services (GECAS)
GECAS, the U.S. and Irish commercial aircraft financing and leasing business of GE, has a fleet of over 1,620 owned and serviced aircraft with over 230 airlines.
With 40+ years of industry experience, GECAS is recognized as the pre-eminent airline leasing company in the world, offering a wide range of aircraft types and financing options, including operating leases and secured debt financing.
GECAS also provides an ever expanding array of productivity solutions including spare engine leasing, aviation consulting services, and spare parts financing and management.
GECAS, a unit of GE Capital, has offices in 23 cities around the world, and services customers in 74 countries. (www.GECAS.com)
Headquartered in Tulsa and employing 2,500 people across nine facilities on three continents, NORDAM is one of the world’s largest independently owned aerospace companies.
The firm designs, certifies and manufactures integrated propulsion systems, nacelles and thrust reversers for business jets; builds composite aircraft structures, interior shells, custom cabinetry and radomes; and manufactures aircraft transparencies, such as cabin windows, wing-tip lens assemblies and flight deck windows.
NORDAM also is a major third-party provider of maintenance, repair and overhaul services to the military, commercial airline and air freight markets.
Learn more about NORDAM at www.NORDAM.com.