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May 2015

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AFI KLM E&M has taken a 50% stake in Tradewinds Engine Services, a recognised player in surplus engine parts trading. Tradewinds activities include aero engine parts trading, brokering and consignment of engine parts.

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AMETEK MRO has formed AMETEK MRO Florida, comprising existing Miami-based business units, Avtech Avionics & Instruments (AAI) and Aero Components International (ACI). The first phase began in April seeing the two companies, which specialise in avionics, instrument, radio, fuel, power generation, pneumatics, hydraulics and electromechanical component solutions, combined into a single entity. The management teams of both businesses will oversee the transition to ensure stability and continuity of service for all existing customers. Phase two occurs in the summer with the consolidation of the High Standard Aviation (HSA) business into ACI at an expanded, new facility located in Doral, FL, which will become AMETEK MRO’s North American Center of Excellence for power generation, fuel components, hydraulics and pneumatic system components.

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Sanad Aero Solutions has increased its financings to $600 million, in a club deal that further expands the company’s spare engine and component product offering. Sanad has raised an additional $90 million in financing through a consortium deal with three industry-leading banks. Abu Dhabi National Leasing (ADNL), the wholly owned lease financing arm of the National Bank of Abu Dhabi (NBAD), acted as agent for the transaction joined by Bank of America Merrill Lynch (BofAML) and FGB in their first transactions with the company. The facilities provide financing for spare engines and components in support of Sanad customer programs globally.

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ST Aerospace won new contracts worth $298 million in the first quarter of 2015. These new orders involve projects ranging from aircraft maintenance and cabin interior modification, to engine wash and pilot training. Included in the 1Q15 contracts is a five-year maintenance-by-the-hour agreement signed with an existing Asia-based airline customer, operating a fleet of Boeing 737NG aircraft. Under the agreement, ST Aerospace will provide MBH support services for nine 737NG aircraft, covering component repairs, consignment of spares, as well as access to its inventory pool of rotables worldwide. This new contract adds to the current MBH contract signed in 2010, for the support of the airline’s 10 737NG aircraft. Additionally, a contract was sealed with an international airline for heavy maintenance of six Boeing 767 and 777 aircraft. The first aircraft was inducted in March 2015, with project completion of the entire fleet scheduled for mid-2015.

 

In Guangzhou, its airframe maintenance facility has inducted the first Airbus A320 aircraft from an Asian low-cost airline for heavy maintenance. There will be a total of 21 A320 aircraft undergoing a series of C-checks throughout the year in its Guangzhou facility. In the US, an agreement was signed with a US-based leasing company for the aircraft interior modification of two 737 aircraft.

 

During the quarter, ST Aerospace won two other 737NG landing gear overhaul and exchange contracts for airline operators in Asia.

 

In 1Q15, the aerospace sector redelivered a total of 250 aircraft for airframe maintenance and modification work. In addition to airframe redeliveries, a total of 11,332 components, 49 landing gears and 48 engines were processed, while 1,631 engine washes were conducted for both commercial and military customers.

 

On aircraft capability development, the aerospace sector’s airframe facility in Guangzhou has obtained additional certifications from the FAA for Airbus A330 and Boeing 757 aircraft. In the US, the first part-out has been accomplished on a McDonnell Douglas MD-11 aircraft for a European aircraft leasing company.

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