No cash for clunker spare parts purveyor, GECAS Asset Management Services (AMS) is one of the largest distributors of new and overhauled aircraft components. The company provides aircraft-related services for OEMs, and commercial aircraft repair and airline customers. AMS's distribution business concentrates in recertified, rotable, and repairable components for large commercial Boeing, Airbus, and Douglas airplanes. On the services side, the company delivers inventory management, purchasing, and dismantling services. Formerly The Memphis Group, the company was acquired by GE's Commercial Aviation Services division in 2006, and renamed in 2008.