To grow FACC’s recently-established Aftermarket Services business segment, the two companies will work together to provide and market new MRO products and repair services.
Partnership will look to develop cockpit voice and flight-data recorders that comply with an upcoming 25-hour CVR mandate and allow in-flight access to data.
The merger and acquisition appetite in 2018 for aviation aftermarket companies was competitive. KAL Capital Markets advised STS Aviation Group on its equity partnership with the Greenbriar Equity Group that closed in January. Ryan Murphy, a partner at KAL Capital Markets, which specializes in aerospace and defense investment banking services, provides his outlook for MRO M&A activity in 2019.
BOSA-Thayaan Aircraft Service will provide line maintenance services at Thailand’s U-Tapao Airport as part of the region’s government initiative to become an aerospace hub.
The newly-formed Independent Aircraft Modifier Alliance aims to increase knowledge and transparency about the use of Supplemental Type Certificates as an option for modifications.