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June 2015

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Aerostar of Romania has recorded a successful 2014 with turnover up by 23% and net profits by 25%. Exports represented 70% of turnover and there was continued investment in plant, machinery and training, with employment remaining stable at around 1900 people. During 2014, turnover on civil aircraft aerostructures and aviation production rose to over 49% of turnover, while turnover on civil aircraft MRO activities also rose to just under 18%. Nearly 29% of turnover was accounted for by work on defence activities. This follows the strategic path of steadily building up commercial aircraft activities to about 70% of turnover. The mission for the immediate future is to increase this further to reach around 75%, with defence activities remaining stable at about 20%.

 

The civil aerostructures and aviation products business continues to grow steadily with Aerostar now counted as a prominent Tier 2 supplier in the international aviation supply chain. The company is a major subcontractor of parts and assemblies to companies such as GKN Aerospace and Fokker for a variety of commercial aviation programmes, including those from Airbus, Gulfstream and Dassault. Further qualifications/approvals for Boeing and Bombardier programmes are underway.

 

Aerostar is also a significant subcontractor for the production of systems and components for landing gears and hydraulic systems. Working primarily with Messier-Bugatti-Dowty, Aerostar produces significant components for aircraft such as the Airbus A320 Family, A330, A350XWB and Boeing 787. The company is also the sole supplier of undercarriages for the Daher-Socata TBM 700 executive turboprop aircraft.

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Dubai Aerospace Enterprise has announced the signing of a definitive agreement to sell 100% of StandardAero to an affiliate of Veritas Capital. Terms of the transaction were not disclosed.

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Seabury Enterprise Solutions (SES) has acquired Aero Transport Engineering Consulting (Volartec). SES will add Volartec’s Alkym suite of products, which integrate control and management software for aircraft maintenance, to Seabury’s aviation software tools. This includes the Enterprise Performance Analysis System (EPAS), which enables commercial airlines to improve financial performance one flight at a time, and the Contract Performance Analysis System (CPAS), a highly configurable and efficient software package for defining and applying contractual terms and conditions for transactions in order to generate an expected financial value.

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Vector Aerospace Corporation has announced that SECA, which it acquired in 2011, has changed its name to Vector Aerospace France. The company is a provider of turboprop engine maintenance for civil and military operators worldwide. It is a Designated Overhaul Facility for the Pratt & Whitney Canada (P&WC) PT6A and PW100 engine families, and is the only Designated Analysis Center authorised by P&WC among its engine MRO centres. Vector Aerospace France is an approved OEM warranty repair station for Barfield, Christie, Crane Aerospace, Goodrich, Honeywell and Moog, and also provides dynamic component repair support for the Airbus Helicopters Alouette and Gazelle families.

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