Heico To Target Generic Parts Sales To Small Airlines: executive

Heico

19/06/2023 09:53

PARIS, June 19 (Reuters) - Aerospace supplier HEICO Corp
 HEI.N  is targeting generic parts sales aimed at smaller
airlines which lease their planes, in a move that could generate
millions of dollars, co-president Eric Mendelson said on Monday
at the Paris Airshow. 
    HEICO has made inroads in selling generic aircraft parts to
service planes leased by larger carriers. Now, the company is
trying to grow sales with smaller carriers who are not always
aware they can negotiate using such alternative parts in their
leasing contracts, he said.     
    The strategy comes as airlines and aircraft repair shops are
increasingly relying on used and generic parts to keep jets
flying and lower costs, as supply-chain disruptions hinder
supply of name-brand parts from companies such as General
Electric Co.  GE.N 

 (Reporting by Allison Lampert, editing by Tassilo Hummel)
 ((tassilo.hummel@thomsonreuters.com ; Twitter handle:
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