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November 2018

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Boeing has completed its acquisition of KLX Aerospace Solutions to enhance its growing services business and deliver greater value to its customers. The acquisition positions Boeing to compete and win in the $2.8 trillion, 10-year aerospace services market. KLX, a major global provider of aviation parts and services in the aerospace industry, provides a clear path for Boeing's services business to accelerate growth. Its capabilities include distribution and supply chain services. KLX currently markets and distributes products for approximately 2,400 manufacturers and offers approximately 1 million catalogue items. KLX is also a leading supplier of chemicals and composites, which complements Aviall's portfolio, allowing Boeing to offer commercial, defense, business and general aviation customers a broader range of offerings. With approximately 2,000 employees, KLX Aerospace Solutions will continue to operate from Miami with customer service centers located in more than 15 countries.

 

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FL Technics and China Aircraft Leasing Group (CALC) and its subsidiary Aircraft Recycling International (ARI) have signed an agreement to establish FL ARI Aircraft Maintenance & Engineering Company, a joint venture based in Harbin, China.


FL ARI shares are held by ARI (49%), FL Technics (40%) and CALC (11%) with a total investment amount of $23 million. It will focus on aircraft base maintenance and scheduled checks and overhaul; aircraft disassembly; engineering services; technical training; and consultation.


FL ARI will provide MRO and supply services for various aircraft components, including engines, APUs and landing gear. ARI will focus on aircraft parts and components supply, mid- to- end-of-life aircraft trading, logistics and supply chain management. FLT will be mainly engaged in aircraft maintenance and repair, and technical support leveraging on its proven team, technical capabilities and management system. Meanwhile, CALC will make full use of its abundant aviation resources and extensive client networks to facilitate FL ARI's foray into its target markets.

 

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GA Telesis has announced that its current shareholder Tokyo Century Corporation (Tokyo Century) along with All Nippon Airways Trading Company (ANATC), have collectively entered into a definitive agreement to acquire all shares held by Global Principal Finance Company (GPFC). Tokyo Century’s ownership after the closing of the transaction will increase to 49.2%, and ANATC will acquire a 10% interest in the company. Tokyo Century and ANATC expect the transaction to close in October 2018.


Separately, GA Telesis, Tokyo Century and ANATC have reached an in principle agreement to form a commercial engine leasing joint venture focusing on current technology jet engines. The equity will be provided by each party, and the joint venture will be managed by GA Telesis.

 

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Satys has acquired UK aircraft repainting business Air Livery, which has facilities at Cambridge, East Midlands, Manchester, Norwich and Southend, as well as one in Bratislava, Slovakia. The company paints over 200 narrowbody and widebody aircraft, as well as corporate jets, per year. It forecasts a turnover of £17 million for 2018/19 and has 170 employees.


This acquisition will allow Satys to consolidate its repainting activity and complement the current network: Casablanca, Haikou (China), Lelystad, Paris-Le Bourget and Dubai (opening scheduled end 2019). Operations will be supplemented with a widebody hangar in Europe in 2019. It also offers new possibilities as Air Livery has expertise in support and engineering (Part 145), graphics, external markings and decal production.

 



ST Engineering has announced that its Aerospace sector secured new contracts worth about $590 million in 3Q18 for services ranging from airframe, engine and component maintenance to engine wash.


A number of the contracts are multi-year agreements, including a four-year ATR 72 landing gear overhaul agreement from an Asian airline; a 5-year contract extension to maintain the PW4000 thrust reversers and inlets of a European operator’s A300-600 fleet; and heavy maintenance agreements from American freight operators.


The Aerospace sector redelivered a total of 208 aircraft for airframe heavy maintenance and modification work. Additionally, a total of 11,992 components, 35 landing gears and 45 engines were processed, while 2,644 engine washes were conducted.


The sector continued to expand its aftermarket services in nacelle systems by successfully setting up MRO capabilities for V2500 and CFM56-5B nacelles for Airbus A320s. It is currently developing aftermarket capabilities in new-generation flight control and nacelles systems used in aircraft platforms such as Boeing 737 MAX and Boeing 777.


In China, the sector expanded its airframe maintenance portfolio when its Guangzhou facility obtained approval from the Civil Aviation Administration of China (CAAC) to carry out base maintenance for the Boeing 767.

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