Bedwas-based aviation firm AerFin has announced it will acquire Saudi Arabian Airlines’ (Saudia) fleet of 15 Embraer E170-LR aircraft, including all the spare parts, engines, tooling and equipment necessary to support the entire fleet.
The company specialises in providing airlines with used aircraft parts and engines.
Deliveries to AerFin are expected to commence in summer 2017.
AerFin continues its focus on helping regional jet operators both achieve more predictable and lower costs.
It will lease some of the aircraft, providing operators with guaranteed spare engine, rotable component and tooling support under innovative flight hour agreements.
AerFin CEO Bob James said: “Investing in this product will position AerFin as the leading EJet spares and aftermarket services provider.
“Securing this volume and quality of product was key to delivering on our strategy to offer the lowest possible EJet spares maintenance costs worldwide.”
Last year the company was named on the Sunday Times Fast Track 100 list after it grew sales by 158% over the last three years.
It was also named the fastest growing company in Wales after it achieved growth of 1,044% between 2013 and 2015.