Air Works Enters Gulfstream Parts Agreement

 - June 5, 2013, 12:00 PM

Gulfstream Aerospace has entered into an exclusive parts consignment agreement with Air Works India Engineering. Under the terms of the agreement Air Works arranges for parts warehousing, customs clearance and delivery to customers while Gulfstream positions frequently needed aircraft replacement parts at Air Works’ warehouse in Bengaluru, India. Gulfstream began stocking parts at Air Works’ warehouse adjacent to Bengaluru International Airport in April. The approximate parts value is expected to reach $15 million by year-end.

“By having inventory in India, we can expedite delivery of parts to domestic and in-transit customers, quite possibly saving hours or even days,” said Derek Zimmerman, v-p of product support materials at Gulfstream. “This expediency can lower costs for operators and significantly reduce aircraft downtime, particularly during aircraft-on-ground situations.”

The inventory at Air Works includes rotable and consumable parts for all in-production Gulfstreams, along with out-of-production models such as the GV, GIV and G200.

The Gulfstream fleet in India has grown from five aircraft in 2001 to more than 20 today.