Top aerostructures provider Spirit AeroSystems announced April 10 it will sell its half of a Chinese maintenance, repair and overhaul (MRO) business to the other owner, Haeco.
“While the joint venture has been beneficial to both parties for almost a decade, Spirit's MRO strategies for the future dictate that the company divests from the joint venture and the companies operate independently,” Spirit said without elaboration.
The joint venture, Haeco Spirit AeroSystems (JinJiang) Co. Ltd, specializes in composite components MRO. Spirit said its shares will be acquired by the Haeco Group and the company will be renamed to Haeco Composite Structures (JinJiang) Co. Ltd, with The Haeco Group as a majority shareholder.
Spirit stressed its repair capabilities for a “wide range of commercial aerostructures will not change.” The Wichita company provides rotable components and repair solutions, including nacelle and fuselage components, flight control surfaces, composite structures, repair kits and others. According to its website, Spirit MRO focuses on Boeing 737, 747, 767, 777 and 787.