Deucalion acquires more widebodies for disassembly

London
Source:
This story is sourced from Pro
See more Pro news »

Deucalion Aviation Funds has completed the purchase of two widebodies for part-out at the Universal Asset Management facility in Tupelo.

Deucalion, through Deucalion Capital II/A330 Parts, has purchased another A330-300 from Penerbangan Malaysian Berhad. The 1995-vintage aircraft (MSN 119) is equipped with Pratt & Whitney PW4168 engines and was previously operated by Malaysia Airlines.

The acquisition follows the purchase of six A330-300s over the past two years.

Malaysia Airlines is selling the aircraft as part of its fleet renewal programme. The A330s were delivered new to Malaysia Airlines and were purchased by Penerbangan Malaysia in 2002 under a 10-year purchase-and-leaseback agreement.

Deucalion has also, through Deucalion Capital X, completed the acquisition of the second of six A340-300s (MSN 52), from Lufthansa for part-out. The deal for the 1994-vintage airframe follows the acquisition of a 1993-vintage A340 from Lufthansa in December 2013.

DVB Bank advised Deucalion on both acquisitions.

UAM says the aircraft will be inducted into its end-of-life recycling process. The components removed from the aircraft will be added to UAM’s Airbus aftermarket component inventory, it adds.