Air Transport Publications
Contact
Login   |   Register
jobs Jobs
events Events
bookmarks
My bookmarks

Business
April 2019

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | 123 | All
bookmark

Magnetic MRO has completed the acquisition of Direct Maintenance, an Amsterdam-based independent MRO provider that specialises in line maintenance. The deal adds Airbus A380 and Boeing 787 to Magnetic MRO group’s capabilities, and doubles its global line stations network while allowing the Dutch company to keep the Direct Maintenance brand. Signed in February 2019, the deal covers the transfer of 100% of Direct Maintenance’s shares from its previous owner Direct Aviation Group to Magnetic MRO. It also includes the right for the newly acquired company to keep operating under the Direct Maintenance brand.

 

With a team of 140 employees, the Dutch MRO company provides a wide range of line maintenance services for narrowbody and widebody aircraft, including Airbus A340, A380 and A350, as well as Boeing 747, 777 and 787. The company also supports Embraer 170/190 and McDonnell Douglas MD-11 aircraft types. Direct Maintenance’s network includes eight countries and 11 line stations.

bookmark

Magnetic MRO has completed the acquisition of Direct Maintenance, an Amsterdam-based independent MRO provider that specialises in line maintenance. The deal adds Airbus A380 and Boeing 787 to Magnetic MRO group’s capabilities, and doubles its global line stations network while allowing the Dutch company to keep the Direct Maintenance brand. Signed in February 2019, the deal covers the transfer of 100% of Direct Maintenance’s shares from its previous owner Direct Aviation Group to Magnetic MRO. It also includes the right for the newly acquired company to keep operating under the Direct Maintenance brand.

 

With a team of 140 employees, the Dutch MRO company provides a wide range of line maintenance services for narrowbody and widebody aircraft, including Airbus A340, A380 and A350, as well as Boeing 747, 777 and 787. The company also supports Embraer 170/190 and McDonnell Douglas MD-11 aircraft types. Direct Maintenance’s network includes eight countries and 11 line stations.

bookmark

MTU Maintenance once again broke records in 2018, securing around $4.4 billion in contract wins, surpassing the $4 billion mark for the first time in its history. Over 300 contracts were signed in 2018, of which 46 were with new engine MRO customers. CFM56 contracts made up around a third of the contract wins. In 2018, MTU Maintenance’s worldwide facilities were operating at full capacity and the company completed well over 1,000 shop visits as well as close to 1,500 events. Including joint venture staff, MTU Maintenance now has more than 5,000 employees across the globe.

 

The highest ever number of engines went through the MTU Maintenance Hannover facility with over 400 shop visits completed. Within the network, around a third of all visits were for the V2500 engine, which is served at its three facilities: MTU Maintenance Canada, MTU Maintenance Hannover and MTU Maintenance Zhuhai. Once again, records were broken for the CF34 program at MTU Maintenance Berlin-Brandenburg, with over 130 shop visits taking place. Airfoil Services (ASSB), MTU’s joint venture with Lufthansa Technik in Malaysia also increased its proportion third party repair to 60%, with the remaining 40% of volume coming from the joint venture partners.

 

In fact, a record nearly $400 million was won by MTU Maintenance in third party repair deals, including parts, accessory and teardown services in 2018. More than 200 third party repair customers were served and 20,000 orders placed.

 

MTU Maintenance Lease Services, an 80/20 joint venture with Sumitomo operating out of Amsterdam, also significantly surpassed records in 2018, demonstrating a growth rate of about 37% compared to the previous year in terms of revenue. The company focusses on short-term lease support and asset management, and expanded its portfolio in 2018 to include technical asset management services (TAMS). The range of services covers comprehensive technical consulting and fleet management, transitions management and housekeeping support for aircraft engines.

bookmark

Sabena technics has announced the acquisition of the assets of the company New EAS, now known as Sabena technics PGF. Based in Perpignan-Rivesaltes (France), the Group’s new site employs 165 people and has three hangars able to accommodate a widebody aircraft and up to five narrowbody aircraft for civil and military base maintenance operations. Thanks to the support of the Group’s other subsidiaries in terms of inventories, tools, industrial resources and innovative digital solutions, the Perpignan site has reached an occupancy rate of 100% only a month after its acquisition and is already receiving good feedback from its customers.

bookmark

TAPhas reported its 2018 results, announcing a loss of €118 million (3.6% of total revenue). Of this €118 million loss, €95 million are non-recurring and extraordinary costs. The 2018 results (and revenue percentage) compares with a profit of €21 million (0.7% of revenue) in 2017 and losses of €28 million (1,2% of revenue), €156 million (6.3% of revenue) and €85 million (3.0% of revenue) in 2016, 2015 and 2014, respectively.

 

However, TAP Maintenance and Engineering revenue increased by 26.1%, with activities in Portugal showing a 55% growth), particularly third-party engine maintenance services, which grew significantly (+70.1%) from €108,8 million in 2017 to €185.1 million in 2018. On the other hand, TAP ME Brazil (which represented large transfers of funds over the last few years) was finally restructured, costing €27.6 million (redundancy of more than 1,000 employees and the closure of the Porto Alegre operation). For 2019, it is expected that TAP ME Brazil will finally present positive results and will not require any transfer of funds.

bookmark

The Carlyle Group and The NORDAM Group have announced that The Carlyle Group has agreed to make an equity investment in NORDAM. Carlyle’s equity, along with new debt financing, will fund NORDAM’s exit from Chapter 11, de-lever the business and position the company for continued growth. The Siegfried family will retain its 50-year ownership and oversight of the business, and continue to lead the company forward. Carlyle’s equity will come from Carlyle Strategic Partners IV.

bookmark

Triumph Group has announced the sale of Triumph Aviation Services – NAAS Division to STS Aviation Group. NAAS is headquartered in San Antonio, TX, and employs approximately 200 people who are co-located at customer sites at more than 20 North American and two European locations. NAAS provides line maintenance support to airlines, MROs, government operators and OEMs and has a specialisation in fuel systems maintenance, leak detection and bladder cell repair.

Archive by month

Headlines

Digest

Contracts

Software

Business

People