Aveos has raised $50m from a group of financial institutions to invest into its new component solutions centre.

The money will also be used to make operational enhancements to its inventory and procurement management systems, and to expand its engine capabilities.

Aveos’s centre is equipped with test and diagnostic equipment, and component maintenance capability for Airbus, Boeing, Bombardier and Embraer aircraft.

The company will build up capabilities for the CF34-8 engines, which run on Embraer planes, and will evaluate possible investments in additional engine types.

Aveos engine capabilities include the CF56-5A/5Bs found on the Airbus A320/A321 and the Boeing 747/767’s JT9Ds.

Lending institutions Credit Suisse, HSBC Salvadoreño and Banco Agricola in El Salvador, and asset manager Solus Alternative Asset Management provided the financing.