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Wednesday, January 21, 2009

Cyprus Signs PBH Contract

U.K.-based AJ Walter Aviation has won a power-by-the-hour contract to support 11 Cyprus Airways jets. Nine Airbus A320s and two A319s are covered under the five-year deal, which includes inventory management for the carrier’s surplus parts. According to Boris Wolstenholme, commercial director for AJ Walter, the inventory management program will allow Cyprus to “realize the maximum value for any surplus stock. In the current economic climate, every airline is looking to increase their efficiency, reduce maintenance costs and
realize the value from their inventory.”
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