Volvo Aero has signed a five-year deal with Boeing allowing it to sell surplus spare parts for the Boeing fleet worldwide.
Boeing will continue to sell its own spare parts primarily through the Internet. The deal covers components which are no longer used in aircraft production. Volvo Aero, through its majority shareholding in Washington-based AGES Group, will deal with sales of around 230,000 item numbers mainly for Boeing aircraft no longer being produced.
AGES will be linked to Boeing's homepage in an attempt to optimise sales for both partners. Boeing and AGES will share the revenues for parts sold to maintenance centres around the world.
Welcoming the deal, which Volvo Aero has the option to extend for five years at the end of the first term, Darce Lamb, vice-president airline logistics support at Boeing customer services, says: "This is a long-term agreement which provides the opportunity to reduce our inventories while concurrently creating a possibility for us to increase revenues through utilising the AGES Group's excellent sales and marketing network to sell our surplus material. At the same time we increase accessibility to our customers."
Source: Flight Daily News
