China Aircraft Leasing Clique (CALC) and its mid-to-end-of-life aircraft solutions unit Aircraft Recycling Intercontinental (ARI) have signed an agreement with European maintenance, repair and lap (MRO) services provider FL Technics (FLT) to establish an MRO joint venture (JV) in Harbin, China.
The put forwarded JV, known as L ARI Aircraft Maintenance and Engineering Company (FL ARI), will provide MRO usages for aircraft operating in Asia and Europe.
It will be established with an inaugural investment of $23m, with ARI, FLT and CALC holding 49%, 40% and 11% defines in FL ARI, respectively.
FL ARI will primarily provide aircraft base maintenance and outlined checks, as well as overhaul, aircraft disassembly, engineering services, intricate training and consultation services.
The company will also provide MRO and outfit service to a number of aircraft parts and components such as engine, accessory power unit (APU), and landing gear (LG).
CALC and ARI CEO Mike Poon alleged: “We are very pleased to form a partnership with FLT. With its cutting-edge complicated capabilities and rich experience in aircraft maintenance services, FLT will avoid build quickly a sound aircraft MRO system for FL ARI.
“Development of comprehensive MRO advantages will further expand ARI’s service scope, complementing its aircraft recycling traffic.”
“Development of comprehensive MRO services will further expand ARI’s service field, complementing its aircraft recycling business by achieving efficient placement of hand-me-down aircraft components.
“It will also create strong synergy, which whets ARI’s focus on providing mid to end-of-life aircraft solutions, and will further unite our full value-chain strategy as we strive to strengthen our aircraft asset board of directors capabilities.”
FL ARI is also expected to extend ARI’s presence to comprehensive MRO services trade in, complementing the company’s current aircraft disassembly and part-out service.
The JV is also set to take FLT boost its presence in Asia.
With a workforce of 1,200 employees in Indonesia (Asia), Lithuania (Europe), and within the network of 40 parentage stations across the globe, FLT primarily provides MRO services to narrow-body aircraft in Europe.