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Ontic Grows 40% In Five Years, Seeks More Asian Business

MRO and distributor Ontic was recently received approval by Transport Canada Civil Aviation for its UK facility to maintain Canadian aircraft and by Thailand’s Department of Civil Aviation for its Singapore shop to support Thai aircraft.

MRO and distributor Ontic was recently received approval by Transport Canada Civil Aviation for its UK facility to maintain Canadian aircraft and by Thailand’s Department of Civil Aviation for its Singapore shop to support Thai aircraft.

Ontic plans to seek approval from Malaysian authorities as well. The company has been seeking certifications throughout Southeast Asia for maintenance of fuel-measurement and other components on 737s, 777s, Fokker 50s, 70s and 100s and A300s, A318s, A319s and A320s.

Ontic now has 370 employees across three locations. In the past five years the firm has seen significant growth through both licensing and acquisition, penetrating its addressable market space and increasing revenue in over five years by over 40 percent.

Dave Mayne, global MRO leader, says Ontic’s strategic plan is to continue to working with major OEMs to provide extended life solutions for products that are in the later stage of their lifecycle on commercial, military, business and general aviation aircraft.

“With our global sales network, operational footprint across three continents and nose-to-tail technology capabilities, Ontic is uniquely positioned to service the needs of our customers, including original equipment and spares manufacturing as well as MRO support.”

The new regulatory approvals are important to this plan, which is why in the past 12 months Ontic has expanded regulatory approvals to include CAAC, TCCA, DCA Thai and Malaysia.

“We continue to proactively monitor new market opportunities while aligning regulatory approvals to support each region’s unique requirements,” Mayne says.

TAGS: Europe
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