October 3, 2017: AJW Group, a world leading specialist in the supply, exchange, repair and lease of commercial aircraft spare parts has announced the addition of the new generation A320neo and the A321neo aircraft to its power-by-the-hour (PBH) contract with the Icelandic low-cost carrier WOW air.
As part of the contract extension, AJW Group also secured a further three of WOW air’s A321 aircraft to their PBH portfolio.
Christopher Whiteside, President and CEO of AJW Group, said, “The addition of the A321neo to our rapidly growing fleet of managed aircraft demonstrates AJW Groups’ ability to remain at the forefront of the industry by successfully supporting next generation aircraft and engine types.
“WOW air’s decision to add their next generation aircraft and engines marks the latest phase in a longstanding partnership which stretches back to their launch, and has supported their impressive growth since that time.”
Már Þórarinsson, Technical Director Operations, at WOW air, said. “AJW has long supported WOW air with their expertise and efficiency, and the decision to extend our existing contract with them is testament to that. We’re looking forward to having them on board for this next phase of our development.”
WOW air’s A320neo family includes the latest technologies in the aviation industry, including new generation engines and Sharklets, which together deliver at least 15 percent fuel savings at delivery and 20 percent by 2020.