AerFin To Manage Finnair Aircraft Retirements
AerFin will oversee the retirement of the outgoing aircraft in Finnair’s fleet after signing an agreement to disassemble one of the airline’s Airbus A319 aircraft.
The contract, announced (Dec. 16), will see AerFin manage the disassembly of the narrowbody aircraft through its network of teardown partners, with the Wales-headquartered company overseeing disassembly of the engine at its 150,000 sq.ft facility in Cardiff.
The aircraft being torn down is 21 years old, and Finnair says it has undertaken approximately 32,710 flights, totalling some 55,367 flight hours. AerFin will analyze and determine where value can be driven on a component level from Finnair’s airframe and engine assets.
Finnair’s director of fleet management Miika Haatio says it chose AerFin after evaluating not just its experience in maximizing residual value of aircraft and engine assets but also its sustainability credentials, with the company being part of the Aircraft Fleet Recycling Association.
Both parties have previous ties on maintenance agreements. Last month, AerFin and Finnair entered a long-term component flight hour contract which will see support for the carrier’s fleet of 12 Embraer E190 aircraft.