MAP Asset Preservation

Specialties

MAP Asset Preservation LLC specializes in Aircraft Teardown, supplying AR aircraft parts to Airlines, Part 145 Repair Stations, & Parts Brokers. MAP purchases end-​of-​life aircraft and engines for harvesting of parts, high temp alloys & precious metals.

Our team has a proven track record as senior executives with the airlines, and maintenance facilities, with significant portfolio aircraft management experience covering:

*Aircraft Teadown

*New & used aircraft, engines & related equipment

*Aircraft appraisals

*Aircraft re-​marketing & trading

*Financial engineering & support

*Asset Management & Recovery

*Aircraft storage both short and long term

*Aircraft inspection

*Maintenance program review

*Negotiation and interpretation of contract return condition

*Aircraft ground support equipment

*Technical advisory services to debt and equity arrangers, structuring and restructuring providers

*Aircraft delivery, redelivery and repossession

Compliance with contract

History

Established in 1982.

MAP Asset Preservation’s team consists of aviation executives with over 100 years of combined experiance in airlines, part 145 repair stations, asset management, & financial services.

Patrick Harris & Dick Wellman partnered up to create MAP Asset Preservation LLC. With rising oil prices and an increasing supply of end-​of-​life aircraft and engines, MAP was well positioned to open their aircraft storage & teardown facility.

MAP has since harvested over 40 aircraft including:

Boeing 737 – 200. 737 – 300, 747 – 300

McDonald Douglas DC-​9, MD-​80

Airbus A300, A320

MAP now has three teardown facilities in Boca Raton Florida (KBCT), Wilmington Ohio (KILN) & Tampa Florida (KBKV).

Meet the Business Owner

Patrick Harris J.

Business Owner

1979: Patrick J Harris joined GPA (Later GECAS). Focused on global market research analysis

1987: Founded IBA Group in London focused on asset management including appraisal, inspection and asset recovery

1996: Established HMG Aviation Inc in Boca Raton, Florida focused on business development for airlines, banks, lessors and investors

Case Studies

Appraised more than $ 2 billion of aircraft from 1979 to 2006

Structured tax based financing for aircraft on behalf of international financial institutions

Managed the sale, lease and purchase of a wide range of aircraft and related equipment on a worldwide basis

Transaction Profiles

*Sale, Purchase, Conditional Sale, Tender

*Leases: Financial, leveraged, operating, Dry, ACMI & Wet

*Start-Up’s, Joint Ventures, Alliances, Route Sharing

*Venture Capital, Vendor Financing

Asset Classes

*Commercial Jet Aircraft

*Turboprop Aircraft

*Business Aircraft

*Engines & APU’s

*Simulators

*Airports