2nd July 2024

Vallair dismantles A330 for CORAX in Châteauroux, France

Châteauroux, July 2nd 2024: Vallair, the mature aircraft asset specialist dedicated to the support of operators and
lessors, is undertaking a comprehensive teardown of an Airbus 330 airframe on behalf of CORAX, the Danish
spare components specialist. Previously operated by Hongkong Airlines, disassembly of this 23-year-old aircraft is
80% complete and when finished, over 1,500 parts will have been removed as USM. The Vallair logistics team is
processing, listing, and crating all parts for assessment prior to repair and sale by CORAX.

Morten Espenhein, President of CORAX, emphasises how important it is to have an experienced and accredited
teardown partner and his organisation have worked closely with the Vallair team throughout the process. “Realising
the value of mature assets relies on fast and efficient disassembly practices that protect each part throughout the
inspection and evaluation process. Our global customer base enjoys unlimited access to one of the fastest growing
aircraft component inventories in the world. We have a commitment to innovation and expansion and that means
sourcing both narrow and wide body aircraft for teardown and managing the streamlined transition to USM in a
cost-effective way,” he says.

Vallair is FAA and EASA approved and has been an integral player in the aircraft teardown and recycling sector for
many years. It is one of the founding members of AFRA (Aircraft Fleet Recycling Association), which has now
become the global standard for aircraft disassembly and aircraft materials recycling.

“We are recognised as a leading independent provider of teardown services and have an extensive network for
sourcing and disposal of assets. Our teardown facility in Châteauroux, France, employs skilled and certified
mechanics to identify, store and manage parts properly for maximum efficiency and asset value realisation. We
work in partnership with parts brokers, investors, lessors and MROs.” says François Biarneix, Operations Director
at Vallair MRO in Châteauroux.