Bii signs lease and exchange agreement with European Air Charter
Bii.aero has signed a lease and exchange agreement with Bulgarian airline European Air Charter (EAC).
The three-year deal, which will comprise 10 per cent of the aircraft parts and services…
Bii.aero has signed a lease and exchange agreement with Bulgarian airline European Air Charter (EAC).
The three-year deal, which will comprise 10 per cent of the aircraft parts and services provider’s A320 inventory, will also see the company undertaking repair management for the airline.
Pan-European service
The inventory of A320 components will be divided between Sofia, Bulgaria, and Germany, and will support the airline’s fleet of six A320s operating charter flights from eight cities in Germany to destinations in Egypt, Bulgaria, Croatia, Italy and others.
“Bii will be offering full support for all assets on lease,” said Francis Cradock, CEO of Bii.
“Our services are an ideal fit for EAC as we have the infrastructure in place to accommodate all their requirements whilst still offering a comprehensive personal service to the airline; Bii will be responsible for all exchanges and repairs for all components under the lease,” he said.
The stock, which was shipped from Bii’s London warehouse at the end of April, is on lease to EAC with all future repairs being managed by Bii.
Favourable model
Cradock said this was a favourable model for Bii to follow. “We have the capability, capacity and experience to undertake these exchange agreements and we look forward to expanding our customer base with similar programmes in the future.”
Apik Garabedian, CEO of EAC, added: “Like any airline we want to focus on operational certainty and knowing that we have instant access to a core inventory of crucial spare parts that we lease gives us the operational robustness we seek. Bii provides the ideal solution for us.”
Subscribe to the FINN weekly newsletter
