Your new Miami facility was established in late 2017. Nearly 18 months on, how has the operation run to date, and what are your plans for your Europe expansion?
So far so good. We’ve been able to stock more parts due to its larger capacity. This increased space has also led to more recruitment. There are also plans to move in France, with the planned facility near Paris Charles de Gaulle Airport doubling our capacity.
When will this likely be completed?
The move will be completed in late 2019. We need the space as we are stocking larger sized parts in Europe.
Are your attentions turning to regions beyond the Americas and Europe?
While we have a presence in France and the U.S., there is nothing in Asia-Pacific yet, but that soon could change. We signed an agreement with a company in Singapore, which is helping us establish ourselves further there until we decide to set up an MGT entity in the region. Our work with Asia-Pacific airlines and MROs is also gradually picking up. Ultimately, we’d like to open an office in Asia-Pacific sooner than later.
Are you planning any more growth in capabilities?
We are looking at increasing our landing gear offering. Currently, we are exploring the possibilities of an acquisition or a partnership into a North America-based Part 145 company as MROs already buy parts from us. We’re not looking at opening a Part 145 shop and repairing landing gear sub components however, so this move would be adding an additional service.
Would the preference be for an acquisition or a partnership?
The preferred option is an acquisition in the form of a small shop, but if this doesn’t materialize, then we will consider a partnership.