Macquarie Group has sold Aviation Technical Services (ATS) to members of the current senior leadership team and a handful of experienced aerospace investors. The new ownership group is headed by current president and CEO, Matt Yerbic, and is backed by Wells Fargo, NewSpring Capital and Greenpoint Technologies of Kirkland, Wash.
Companies listed on the Singapore Exchange
Aeria Luxury Interiors (Booth H212) is the new name for VIP completions design specialist DRB Aviation, which last month was acquired by Singapore’s ST Aerospace group.
Singapore-based MRO provider ST Aerospace, one of the world’s largest MRO providers, announced that it finished out 2011 on a high note, securing $350 million in new contracts for the fourth quarter alone. The firm’s aircraft maintenance and modification group reported deals involving base and heavy maintenance, interior refurbishments and conversions of passenger aircraft to cargo-hauling configuration. By the end of the quarter, ST Aerospace (Booth G01) redelivered 101 aircraft for airframe-related maintenance and modification work, including converting five Boeing 757-200 freighters for FedEx Express.
Aircraft maintenance, repair and overhaul service provider ST Aerospace has been certified as a Part 147 Maintenance Training Organization (MTO) by the Civil Aviation Authority of Singapore and European Aviation Safety Agency to provide aircraft type training for narrow-body and widebody aircraft.
Singapore Technologies, better known for its MRO services as ST Aerospace, has delivered a finished DC-8 to an unidentified Middle East customer.
The design and engineering was done in-house, while the company’s U.S. facility in San Antonio built the interior components and did the installation. The U.S. division also handled engineering authorization and certification.
A memorandum of understanding has been signed between Aeross and CRS Jet Spares to provide support for the Brazilian business aviation community. Barueri, São Paulo, Brazil-based Aeross has a primary focus on repair and overhaul. According to Armando Leighton, Jr., CEO of CRS Jet Spares, it will initially reposition $1 million in inventory to Aeross.
Emivest Aerospace appears to be getting the SJ30 light jet program back on track since deliveries stalled more than a year-and-a-half ago. SJ30 S/N 008, the first aircraft built under the Emivest name since the Dubai-based firm became the majority shareholder of the San Antonio-based aircraft manufacturer last June, is expected to be delivered this summer. Two more copies are planned to be handed over to customers this year.
Emivest Aerospace, which is represented here at EBACE by UK-based distributor Action Aviation (static display), appears to be getting the SJ30 light jet program back on its feet. SJ30 Serial No.
GE Aviation and Singapore Technologies Aerospace (ST Aerospace) have signed an agreement to cooperate in engine maintenance, repair and overhaul (MRO), engine material services, aircraft support and engine and accessories repairs. The two companies also signed a 10-year repair license agreement, in which GE will give ST Aerospace access to OEM and technical data and assistance.
Already the world’s largest third-party MRO, ST Aerospace (Stand No. G01) will expand further this week in Singapore by adding CFM56-7 engine overhauls at Paya Lebar and breaking ground for a new narrowbody aircraft hangar at Seletar Airport. The state-owned company now has a turnover of more than S$1.6 billion ($1.15 billion) and boasts a grand total of 43 narrowbody and 25 widebody hangars worldwide.
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