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Aftermarket specialist AerFin has said it is disassembling more Airbus A320neo aircraft following eight teardowns already.
The parts provider said each aircraft produced between 1,200 and 1,400 serviceable components. AerFin reports a strong market for major structural assemblies, nacelles, APUs, landing gears, rotables and consumables.
However, it is demand for Pratt & Whitney geared turbofan (GTF) engines that has driven the parting out of such young aircraft, with lease rates for two engines sometimes approaching that of an entire A320neo airliner.
In a recent interview with Aviation Week, Ryanair Group CEO Michael O’Leary suggested that after Spirit Airlines’ collapse, lessors would take engines off the ex-Spirit airframes and lease those out rather than the whole aircraft, which would see more A320neos parted out.
AerFin, meanwhile, reports “a growing portfolio of fresh-from-shop PW1000 GTF engines available for lease or sale, providing customers with flexible, high-quality engine solutions when they need them most.”
These developments come as UK-based AerFin enters a prime window for a potential sale.
Danish private equity firm Cata Cap acquired the business in 2019, meaning that it is now likely to be considering a divestiture. Moreover, AerFin is benefiting from a surge in demand for its parts and MRO services, while values of its lease portfolio of aircraft and engines are near peak levels. The company reported net assets of $163 million at the end of 2025, up from $155 million a year earlier.
AerFin’s operating profit was $57 million in 2025, almost 25% higher than in 2024.
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