Mesa Airlines has signed a letter of intent with LogisTechs, an affiliate of GE Capital Aviation Services (GECAS), for the sale, repair and management of the regional's aircraft spare parts inventory.
LogisTechs will purchase $45 million in existing spare parts inventory and provide funding for up to about $40 million of additional inventory required for Mesa's planned regional jet fleet growth. LogisTechs will also provide overall management, planning and logistics support for Mesa's spare parts requirements and Rockwell Collins Aviation Services will be responsible for managing the spare parts repair process.
Low costsThe arrangement will cover all of Mesa's regional jets as well as its Bombardier Dash 8-200 turboprops.
Mesa currently operates 40 Bombardier CRJ200s, 32 Embraer ERJ-145s, 10 Bombardier CRJ700s, three Bombardier CRJ900s and 12 Dash 8-200s.
The company has an additional five CRJ700s and 22 CRJ900s on firm order that will also be covered under the agreement with LogisTechs.
The transaction, which remains subject to final documentation, will be for a period of 10 years.
"This agreement will allow Mesa to dramatically reduce the capital we have tied up in our spare parts inventory as well as future amounts required to maintain proper inventory levels for our planned regional jet growth," says Mesa chief executive Jonathan Ornstein.
"Furthermore, while the agreement will provide Mesa with predictable and low costs for the repair and provisioning of our parts inventory, we are also guaranteed high levels of service reliability."
Source: Flight Daily News
