C&L focused on supporting OEMs and airlines to meet large demand
BANGOR, Maine – C&L Engine Solutions (“C&L”), a C&L Aviation Group company, today announced it will be marketing the material from the new GE-Powered Boeing 787-8 Dreamliner aircraft. The aircraft was acquired by Cloud Investments Partners and investment funds managed by Strategic Value Partners, LLC, with C&L serving as the exclusive asset manager. The aircraft is the first GE-Powered 787 to be disassembled in the United States and is the first time a new 787 will be disassembled anywhere in the world.
The aircraft, SN: 35507, is powered by 2 GEnx-1B engines and will be parted out in Roswell, NM by CAVU. The parts will be transported to the new C&L warehouse located in Wichita, KS where they will be available for sale. C&L is working with OEMs to utilize these parts in supplementing their current inventories.
“The timing of this project for the 787 is perfect,” said Tim Brecher, President of C&L Engine Solutions. “The 787 fleet is hitting the 12-year mark from first deliveries and entering a busy schedule for heavy maintenance. The shortage of spares in the marketplace, combined with the ongoing challenges in the supply chain, make this project critical to OEMs and operators.”
“Disassembling a virtually new 787 aircraft having only a few ferry cycles has never been done before,” said David Weiss, Managing Partner of Cloud Investment Partners. “We recognize the benefit of new parts in the market to assist OEMs in supporting their customers as well as providing a source for airlines to purchase hard-to-find parts.”
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C&L Aviation Group is an industry leader in servicing, maintaining, and supporting operators in the commercial, corporate and regional aviation industry. In addition to aircraft and engine sales and leasing programs, C&L offers parts support, heavy maintenance, interior refurbishment, disassembly services, and aircraft management. C&L is headquartered in Bangor, Maine, with offices in the United States, Australia, Africa, Europe, Singapore, and Latin America.
Cloud Investment Partners is a global diversified investment group based in Boca Raton FL. Our Partners bring extensive experience managing successful operating and financial companies focused on the Commercial Aviation, Aerospace & Defense and Industrial Power sectors.
Strategic Value Partners is a global alternative investment firm that focuses on special situations, private equity, opportunistic credit and financing opportunities. The firm uses a combination of sourcing, financial and operational expertise to unlock value in its portfolio companies. Today Strategic Value Partners manages over $18 billion in assets under management, and since inception, has invested more than $47 billion of capital, including more than $18 billion in Europe. The firm has approximately 200 employees, including approximately 90 investment professionals, across its main offices in Greenwich (CT) and London, and a presence in Tokyo.
