The acquisition complements Satair’s existing offerings through VAS’ expertise in managing engine and multi-fleet Used Serviceable Material (USM) products, which will play a key role in Satair’s strategic growth initiative in this segment.
“The customers’ demands are changing and we observe a clear prioritization of maximizing value through the complete aircraft lifecycle and beyond, focusing on cost-effectiveness and sustainability. With this acquisition, we are addressing the customers’ needs and securing Satair’s future footprint as a leading player in the material and USM business. Thereby, we are enhancing our capabilities to serve our customers and OEMs through the complete aircraft lifecycle. This acquisition is also a natural fit to Satair’s overall strategy and a complement to the Airbus sustainability agenda at large,” says Bart Reijnen, CEO of Satair.
Adi Bernstein, VAS Executive Chairman, said that “As owners and stewards of VAS for the past 10 years, David Alcalay and I viewed this joining with Satair and Airbus as a natural next step in the evolution of VAS Aero Services. The agreement follows years of Satair and VAS working together on servicing, warehousing as well as certification and distribution of USM products, including excess and surplus inventory.”
Satair’s existing offering has continuously grown over the years and recently Satair introduced its digital Marketplace, an e-commerce solution for material at competitive prices. VAS will tie into the parts channel of Satair, fostering new capabilities to this innovative and first-of-its-kind online Marketplace by offering an end-to-end transaction and fulfillment capability at significantly lower cost.
Tommy Hughes, CEO of VAS Aero Services, adds “VAS and Satair have worked closely for years; this acquisition further strengthens that bond, while giving our customers access to even more resources and USM products to prolong the useful life of their aviation assets. The Satair-VAS alliance offers a broader reach, a deeper service capability and cost efficiencies that will afford us a competitive advantage. Together, we are well-positioned to respond to changing market demands and lead with parts and service solutions that enable customer success.”