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November 2016

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America Aero Group (AAG) has announced the acquisition of EirTrade Aviation Ireland. EirTrade’s inventory systems, customer supply programmes, programme management competencies, quality standards, and marketing will be integrated into AAG’s growing portfolio of aviation parts and logistics companies, which includes VAS Aero Services. 

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SIA Engineering Company (SIAEC) has announced the completion of the amalgamation of Singapore Aero Engine Services (SAESL) and International Engine Component Overhaul (IECO), with SAESL being the surviving entity. The amalgamated company will be able to generate greater operational efficiencies, economies of scale and synergies from better allocation of resources and streamlining of business processes. This will position SAESL, in which SIAEC and Rolls-Royce Singapore now each have a 50% stake, to compete more effectively for the global engine and component repair business. 

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ST Aerospace has secured new contracts worth $520 million in 3Q16 for various projects ranging from line and airframe maintenance to component repair and overhaul. The total contract value includes the passenger-to-freighter conversion of four Airbus A330-300s for DHL Express, announced in July. The first aircraft has been inducted into EFW, ST Aerospace’s facility in Dresden, Germany. 

 

Among the line and heavy maintenance contracts clinched during the quarter was a five-year agreement with an international airline to provide airframe heavy maintenance support for the airline’s Boeing 767 and 777 fleet. ST Aerospace will also refurbish the cabin interiors of seven of its Boeing 777-300ER aircraft. 

 

Other contract wins included several landing gear overhaul contracts from various airlines, as well as multiple contracts for EcoPower engine wash services. 

 

The company redelivered a total of 858 aircraft for airframe maintenance and modification work in 3Q16. Additionally, a total of 11,772 components, 35 landing gears and 42 engines were processed, while 2,537 engine washes were conducted. 98 composite shipsets were delivered to the aircraft OEM. 

 

Capacity expansion in key markets continue as planned, with its Guangzhou and Pensacola hangars scheduled to be operational by 2017 and 2018 respectively. The sector continued to extend its component support, adding new capabilities for the Boeing 787 electrical systems. 

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Willis Asset Management has purchased the business and assets of Total Engine Support (TES), the consulting and asset management business of the TES Aviation Group. TES is headquartered in Bridgend, Wales and has roughly 500 jet engines under management. 

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