London, 25th August 2022: Virgin Atlantic has appointed Bii.aero, a leading provider of aircraft parts and services for the commercial aviation sector, to oversee the consignment and storage process of its large surplus inventory of B747-400, A340-600 and A330-200 assets now that the airline no longer operates these fleets of aircraft. The top-quality material covers all ATA chapters and includes engines, APUs, and avionics. Virgin Atlantic is the latest airline to consign its inventory to Bii as the Company augments its portfolio of new and used serviceable material to meet global demand.
Following the competitive tender process Bii was chosen based on the organisation’s highly experienced team and its reputation for specialist consignment management. In a mutually beneficial agreement, Bii will store, manage, market the material to secure revenue from the excess stock. The material is desirable, already certified and ready-to-go. Bii will sell, exchange and loan the parts, in accordance with customer requirements.
Of course a project of this size with complex requirements needs logistical expertise, but Bii’s team has handled this type of project for more than 30 years, co-ordinating smooth transitions and maximising value for customers. Martyn Haines, Head of Supply Chain & Commercial at Virgin Atlantic is one of the main contacts for this project and comments, “We were keen to find a partner that would prioritise our material and be in a position to pro-actively reach the market to gain revenue from the stock quickly. Having a support company like Bii that will dedicate staff and facilities to make it happen as a priority was essential to meet our objectives. We like their combination of fresh-thinking underpinned by a depth of industry experience.”