January 9, 2014 SPRINGVILLE, UT - Wencor Group is pleased to announce that it has entered into significant long-term supply agreements with two major U.S. airlines. Both agreements leverage Wencor Group’s broad Parts Manufacturer Approval (PMA) parts portfolio and PMA development capabilities to reduce the component maintenance costs for these two leading airline partners.
The first contract includes more than 500 PMA parts for use in components, engines, airframe, and cabin interiors and will significantly reduce piece part costs across the aircraft. The major US airline will also benefit from Wencor Group’s inventory management programs, which will allow the airline to reduce total cost of aircraft ownership by minimizing inventory investment on select parts.
The second contract is a long term partnering agreement for on-site material supply and new PMA parts development. This unique program provides “power by the hour (PBH)” support that leverages Wencor Group’s ability to provide a complete system solution through the use of extensive PMA parts and repair capabilities. The PMA-focused “power by the hour” contract is a complete system solution that maximizes maintenance savings and provides a predictable cost of ownership for the major airline customer.
“We are delighted with the opportunity for long-term partnerships with these two major airlines. The Wencor Group’s integrated suite of PMA parts, OEM alternative component repair, and distribution capabilities allows us to provide a comprehensive plan for reducing our customers’ cost of maintenance," said Greg Beason, CEO of Wencor Group. Mr. Beason went on to say “We believe that the PMA-focused “power by the hour” contract is the first of its kind and represents an important milestone for both Wencor and the PMA community. We look forward to extending this unique PMA solution to other airline partners around the world.”
ABOUT WENCOR GROUP
Wencor Group manufactures, repairs and distributes aircraft parts for operators, repair stations and manufacturers across the globe. With more than 5000 PMAs and 2000 DER repairs, Wencor Group is the world’s largest provider of component PMA parts and is a leading provider of CMM and DER repairs for components and piece parts to the commercial aerospace aftermarket. Wencor Group also distributes a wide variety of aftermarket parts including bearings, seals, hardware, filters, electrical components, lighting and interiors. Wencor Group also offers inventory management programs, kitting and repair management.