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February 2017

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Aviation Technical Services (ATS) has finalised the transition of Texas Air Composites (TAC), located in Fort Worth, TX, to the ATS brand and has renamed the company ATS Components. TAC, an FAA Part 145 Repair Station specialising in composite structural fabrication, support and repair for regional/business, commercial, and military aircraft, has been operating as an ATS company since December 2014.

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BBA Aviation has completed its acquisition of a portfolio of legacy avionics from GE Aviation. The acquisition was announced on 8 November 2016. The acquisition was made via Ontic, BBA Aviation’s legacy support business. The acquisition price, as previously announced, is $61.5 million on a cash and debt-free basis, paid from existing financial resources.

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IFS has completed its previously communicated acquisition of Canada-based Mxi Technologies.

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ST Aerospace secured new contracts worth about S$840 million in 4Q16 for services ranging from line and airframe maintenance to component repair and overhaul.

 

The total contract value includes an agreement with Alaska Airlines to exclusively provide MRO support for the airline’s CFM56-7B engines that power its fleet of Boeing 737-700 and 737-900 aircrafts. The five-year agreement is expected to cover more than 60 planned maintenance events and commences immediately.

 

Included in the 4Q16 contracts are line and heavy airframe maintenance for commercial airlines and military operators. Other contract wins include several landing gear overhaul agreements from various airlines, a long-term landing gear repair contract from an established national carrier and multiple contracts for EcoPower engine wash services, including a one-year extension contract worth US$2.6 million (approximately S$3.7 million) for a commercial airline, the largest commercial contract that ST Aerospace has clinched for its engine wash business.

 

The aerospace sector redelivered a total of 880 aircraft for airframe maintenance and modification work in 4Q16. Additionally, a total of 10,639 components, 42 landing gears and 33 engines were processed, while 2,388 engine washes were conducted.

 

ST Aerospace continued to expand its MRO capabilities during the quarter. Its airframe MRO station in Guangzhou, China, received approval by the Civil Aviation Authority of Malaysia to provide line maintenance service at the Shantou Waisha Airport in Guangdong Province, extending the geographical reach of its maintenance service within the province.

 

ST Aerospace made further progress in developing its aircraft seats business when it received Singapore Technical Standards Order certification, a performance standard issued for specified materials, parts, processes, and appliances used on civil aircraft, from the Civil Aviation Authority of Singapore for its in-house aircraft seats design.

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