HEICO to target generic parts sales to small airlines - executive
PARIS, June 19 (Reuters) - Aerospace supplier HEICO Corp 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. (Reporting by Allison Lampert, editing by Tassilo Hummel)
