Inside MRO News Briefs And Contracts November 2018

New MRO facilities ramp up in Southeast Asia, while Monarch Aircraft Engineering restructures after bankruptcy.

Highlights

Revima To Open Landing Gear Facility in Asia

Revima plans to open a narrowbody landing gear repair facility in Thailand, south of Bangkok, late next year or in early 2020. It is evaluating construction bids now and should break ground in January. It chose the location, says Olivier Legrand, Revima’s president and CEO, because “Thailand is following a similar path taken by Malaysia around a decade ago. We need skilled people we can retain in our workforce [who] also possess the know-how. Other factors such as the low cost of land, customs and labor were also favorable to us. The Thai government has also incentivized businesses like ours setting up in the country.”

Monarch Bullish After Ownership Change

The future of Monarch Aircraft Engineering looks secure, after private equity company Greybull Capital took control of the MRO provider as majority shareholder. 

The new ownership structure announced Oct. 18 will include an undisclosed injection of capital to secure the future of the business, following the collapse of its Monarch Airlines affiliate and Monarch Group parent company in October 2017. Since the insolvency, the MRO business has been under the ownership of group administrator KPMG. Greybull had owned the Monarch Group since 2014 when it acquired a 90% majority stake for around £125 million ($162.8 million). Monarch Aircraft Engineering said its lenders, PNC Financial Services, will continue to provide facilities and support under its new ownership structure.

Chris Dare, Monarch Aircraft Engineering’s managing director, said that securing the investment will allow Monarch to become more strategic while moving ahead with some of its investment plans after shedding airline debt of more than £100 million inherited after the airline group’s bankruptcy. “We had already developed a strategic plan during this period of transition, but it was difficult to kick-start this without a proper investor overseeing things,” he told Aviation Week at MRO Europe. “The injection of liquidity will mean we can move ahead with our strategic plans.”

GKN Targets Narrowbody Engine MRO in Asia

Southeast Asia is a hotbed of aftermarket development for Western manufacturers, and now British component supplier GKN Aerospace has opened an engine repair and research facility in Johor, Malaysia.

The $30 million facility will initially focus on servicing engine low-pressure compressor components for CFM56-5B, CFM56-7 and V2500 engines, and will be operational in 2019.

AJW Group expanded its power-by-the-hour support contract with Ellinair for up to 10 Airbus A320s. It also was selected by Air Mediterranean to provide PBH component support for Boeing 737-400s.

 

Contracts

 

AJW Group expanded its power-by-the-hour support contract with Ellinair for up to 10 Airbus A320s. It also was selected by Air Mediterranean to provide PBH component support for Boeing 737-400s.

C&L Aviation Services was selected by JetSuiteX to convert multiple Embraer ERJs to its 30-seat aircraft.

FL Technics won a Lufthansa Group contract to perform heavy checks on 28 A320-200s through the end of 2019.

IAI Bedek Aviation Group was selected by HNA Group to provide V2500 maintenance.

Jazz Technical Services won an AirBaltic contract to perform airframe maintenance for 12 Bombardier Q400s out of its six-bay, 80,000-ft.2 facility at Halifax Stanfield International Airport. 

MTU Maintenance won a five-year, €245 million ($281 million) Asiana contract for V2500 maintenance; the deal covers MRO for 40% of the fleet and engine-trend monitoring for all 125 engines, including spares, for the group’s Airbus A321-200 aircraft.

Onur Air Technics was selected by Turkish Airlines to perform C checks on four A320s; it is in talks about more aircraft.

Seabury Solutions was selected by both Air Busan and Korea Aviation Engineering & Maintenance Service (KAEMS) to provide its Alkym MRO management software as part of a new distribution partnership with PartDB to expand its presence in South Korea.

Turkish Technic was selected by Fly Air Lebanon to paint a Boeing 767 and by Wings of Lebanon for 737NG component pooling. It will also provide 737 MAX component support for SpiceJet and 767 heavy checks for Ukraine International.

Vas Aero Services was chosen by Dr. Peters Group to manage part-out of two ex-Singapore Airbus A380-800s in France by Tarmac Aerosave and sell/distribute the material. 

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish