CAAM Acquires Six A320s For Teardown
China Aviation Aftermarket Holdings (CAAM), a subsidiary of China Aircraft Leasing Group (CALC), has bought six Airbus A320 airframes from Chile-headquartered carrier LATAM Airlines, which will be sent to the U.S. for disassembly.
The airframes are scheduled to be delivered in stages, starting last month through to the first quarter of next year. The aircraft will be disassembled in Tupelo, Mississippi, at CAAM’s aircraft recycling partner, Universal Asset Management (UAM).
UAM will break down the aircraft and recycle parts and materials. It says this will be done through a series of environmentally friendly practices.
“This showcases our commitment towards aviation sustainability, amongst which is the provision of environmentally sustainable aftermarket and end-of-life solutions,” says Luis Ayala, chief development officer of CALC.
This transaction is the first between CALC and LATAM, which operates a network of subsidiary airlines across South America in Brazil, Colombia, Ecuador, Paraguay and Peru. In total, the airline group operates a fleet of nearly 300 aircraft comprised of Airbus and Boeing models.