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August 2015

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AerSale has completed the acquisition of composite repair specialist Aero Mechanical Industries in Rio Rancho, NM. AMI is a global provider for MRO of both metallic and composite airframe components and accessories, including nacelles, inlet cowls, thrust reversers, and primary/secondary flight controls.

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GKN has agreed to acquire Fokker Technologies Group from Arle Capital for an enterprise value of €706 million. Once the acquisition is completed, Fokker, under the current leadership, will become a new operating unit within GKN Aerospace. Fokker’s headquarters will remain in the Netherlands and its brand will continue to promote its strong heritage of technology and customer service. Fokker will also continue with its research and development and manufacturing facilities in the Netherlands, as well as with its partnerships with the Dutch government and knowledge institutes.

 

Completion of the acquisition is expected to take place in the fourth quarter of 2015, following completion of the information and consultation procedures with the Fokker Works Council and trade unions, ITAR and CFIUS regulatory clearances, and anti-trust clearance in the EU and the US.

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ST Aerospace has secured new contracts worth $920 million in the second quarter of 2015. These new orders involve projects ranging from airframe, component and engine maintenance to engine wash and pilot training. The total contract value includes the recently announced component maintenance-by-the-hour contract worth over $100 million which was awarded by Flybe, as well as the engine maintenance contract, worth around $350 million from Jet Airways.

 

Included in the second quarter of 2015 contracts is a heavy maintenance agreement for six Airbus A319 aircraft belonging to an international airline. For component support, ST Aerospace secured several Boeing 737NG landing gear overhaul and exchange contracts for airline operators in Asia and Oceania. Regarding engine support, an agreement was inked for the heavy maintenance of six CFM56-7B engines for a low-cost carrier in Southeast Asia. Multiple contracts have also been sealed with customers in Asia Pacific, Europe and the US for EcoPower engine wash services.

 

Also in the second quarter of the year, the aerospace sector redelivered a total of 310 aircraft for airframe maintenance and modification work. In addition to airframe redeliveries, a total of 10,850 components, 34 landing gears and 50 engines were processed, while 1,008 engine washes were conducted for both commercial and military customers.

 

On aircraft capability, the aerospace sector’s airframe facility in Guangzhou, China, has obtained certification from the Department of Civil Aviation (Thailand), following previous ratings from the FAA for the Airbus A330 and Boeing 757 aircraft. In the US, the FAA has granted authorisation for its mobile, AL-based facility to perform line maintenance services.

 

On engine capabilities, certification was obtained from the Civil Aviation Authority of the Philippines for the maintenance of the CFM56 engine series in Singapore.

 

During 2015’s second quarter, ST Aerospace also signed agreements with Airbus and Elbe Flugzeugwerke (EFW) to launch the A320/A321 passenger-to-freighter conversion programme. This follows a similar collaboration to the A330P2F conversion launched in 2013.

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