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Aircraft Parts, Export, International Trade

Is EasyJet a Candidate for PMA Sales?

The Wall Street Journal reports that Airbus expects fewer sales next year as bank finance tightens for airlines. The source for this prediction was Airbus’ Middle East President.

In a related story, Sir Stelios Haji-Ioannou, EasyJet‘s Founder, has increased his EasyJet ownership to 26.9% from 15.6%. It is believed that he has done this in order to influence the strategic direction of the carrier, and to be able to pay out a dividend to shareholders by 2011 (market conditions permitting) rather than purchasing new planes.  EasyJet is scheduled to purchase 80 new aircraft and also to expand it fleet by 35 over the new three years. If EasyJet curtails new purchases while continuing its expansion plans, this could mean flying older aircraft that are more in need of maintenance (and expands the possibility for sales by PMA manufacturers making parts for 737 and/or 319 aircraft).

EasyJet flies Airbus 319 aircraft as well as Boeing 737 aircraft, and they have orders and options with Airbus for the purchase of additional 319 aircraft.

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About Jason Dickstein

Mr. Dickstein is the President of the Washington Aviation Group, a Washington, DC-based aviation law firm. He represents several aviation trade associations, including the Aviation Suppliers Association, the Aircraft Electronics Association, the Aircraft Fleet Recycling Association and the Modification and Replacement Parts Association.

Discussion

One thought on “Is EasyJet a Candidate for PMA Sales?

  1. To quickly update, we received the following information from one of MARPA’s members regarding the potential sale of PMA parts to EasyJet-

    “Most, if not all of EasyJets aircraft are under a sale/leaseback program that precludes the use of PMA. We do stay in touch with them just in case anything changes. ”

    -Jessica Stubbs, MARPA

    Posted by jessstubbs | November 21, 2008, 5:51 pm

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