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AeroTurbine Announces a Five Year 3PL Services Agreement with Moog

Dépèche transmise le 16 avril 2012 par Business Wire

MIAMI--(BUSINESS WIRE)--AeroTurbine Inc., a wholly owned subsidiary of International Lease Finance Corporation (ILFC), announced today that it has been selected by Moog Inc. to provide global logistics support for Moog's Total Support and Asset Support Programs on the following new platforms: B787, B747-800 and A350XWB.

“Our agreement with Moog demonstrates AeroTurbine’s commitment to our newly launched OEM Services division. This division offers OEMs an alternative solution for the full array of Supply Chain Services including inventory management and distribution, asset management, PBH programs and logistic services.”

The agreement includes 24/7/365 warehousing to support Moog’s global pool support customers. Initial support locations include Miami, Los Angles, Singapore, Beijing, Melbourne, Sydney, London and Dubai, with more locations established as required. Inventory management will be powered by AeroTurbine's proprietary web portal known as "Compass."

AeroTurbine CEO Michael King commented, "Our agreement with Moog demonstrates AeroTurbine’s commitment to our newly launched OEM Services division. This division offers OEMs an alternative solution for the full array of Supply Chain Services including inventory management and distribution, asset management, PBH programs and logistic services."

Kate Schaefer General Manager of Moog's Commercial Aftermarket sector added, "Moog is the leading manufacturer of fully integrated flight control systems. With the recent launch of our Moog Total Support (MTS) and Moog Asset Support (MAS) service solutions, we needed an established logistics provider capable of supporting us 24/7. Our logistics agreement with AeroTurbine will help us to meet the demands of our global customer base while allowing us to continue to expand our focus on providing best in class MRO services and innovative life cycle cost solutions to the airlines."

About Moog

Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, wind energy, marine and medical equipment. Additional information about the company can be found at www.moog.com.

About AeroTurbine

AeroTurbine offers the aviation industry access to one of the world’s largest pools of certified aircraft engines, parts, and supply chain solutions. By leveraging our expertise and financial strength, our customers can choose solutions tailored to their operational and financial goals. www.aeroturbine.com

About ILFC

ILFC, a wholly owned subsidiary of American International Group, Inc., is the world’s largest independent aircraft lessor measured by number of owned aircraft. ILFC’s portfolio consists of over 1,000 owned or managed aircraft, as well as commitments to purchase 257 new high-demand, fuel-efficient aircraft and rights to purchase an additional 50 such aircraft. www.ilfc.com

About AIG

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange. www.aig.com

Business Wire

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