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Thursday, May 30, 2013

Gulfstream Expands Aircraft Parts Agreement in India

Gulfstream has signed an exclusive aircraft spare parts consignment agreement with Air Works, a maintenance, repair and overhaul (MRO) company with locations throughout India. 
(Gulfstream 550. Photo, courtesy of Gulfstream.)
Air Works will provide warehousing and delivery of spare parts to Gulfstream customers in the region under the agreement. In April, Gulfstream began storing parts at the Air Works warehouse adjacent to Bengaluru International Airport. The company expects the value of its inventory of Gulfstream parts to reach $15 million by the end of this year. 
“By having inventory in India, we can expedite delivery of parts to domestic and in-transit customers, quite possibly saving hours or even days,” said Derek Zimmerman, vice president, product support materials, Gulfstream. “This expediency can lower costs for operators and significantly reduce aircraft downtime, particularly during aircraft-on-ground situations.”
Since 2001, the fleet of Gulfstream aircraft in India has grown from five to more than 20 business jets today. 

Related: Aviation Today's Checklist

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