Spirit AeroSystems, Inc. today announced an agreement with GMR
Aero Technic to be the Spirit Authorized Repair Center in India for
Boeing and other aircraft.
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Spirit AeroSystems signs an agreement
naming GMR Aero Technic as the company's MRO provider in India.
Front, from left: Ashok Gopinath, Chief Executive Officer, GMR Aero
Technic, and Kailash Krishnaswamy , Senior Vice President,
Aftermarket Solutions, Spirit AeroSystems. Back, from left: Rear
Admiral Srinivas Kanugo, AVSM, VSM (Retired), Strategic Advisor,
GMR Aero Technic; Ganapati Hebbar, Manager, Supplier Development
& Growth, Boeing India; Ashwani Bhargava, Senior Director
Supply Chain, Boeing India; Air Cdme DB Murali, VSM (Retired), AVP,
Business Development, GMR Aero Technic; and Anil Kumar, Senior
Manager of Business Development, GMR Aero Technic. (Photo: Business
Wire)
GMR Aero Technic, a subsidiary of GMR Hyderabad International
Airport Limited (GHIAL), is a-third-party airframe Maintenance,
Repair & Overhaul (MRO) facility offering base maintenance,
line-maintenance, limited shop and component support, and cabin
interiors at Rajiv Gandhi International Airport (RGIA),
Hyderabad.
“Spirit AeroSystems is pleased to work with GMR Aero Technic to
extend its footprint into India, offering repair and design
knowledge and experience for its customers' operations,” said
Kailash Krishnaswamy, Senior Vice President of Spirit Aftermarket
Services. “Through this agreement, GMR Aero Technic will expand its
offerings to its customers by leveraging Spirit’s structural
component repair expertise for Boeing and other aircraft. We are
delighted that we can jointly now offer repairs of structural
components of the 737 MAX and other platforms in the fast-growing
Indian MRO industry.”
Commenting on the agreement, GMR Aero Technic CEO Ashok Gopinath
said, “We are pleased to announce our strategic partnership with
Spirit AeroSystems for providing a one-stop solution to our
customers by establishing repair capabilities for nacelles and
radomes jointly in India. This partnership reaffirms our commitment
to provide world-class MRO services and further contribute to the
Make in India initiative by providing value-added services to our
customers in this part of the world.”
Initially, GMR Aero Technic will provide repair services of
nacelles, radomes, and flight control surfaces for all narrow
bodies, including Boeing’s 737 NG and MAX aircraft.
“Boeing continues to collaborate with local industry players,
further enabling India’s aspiration of becoming an MRO hub for the
region. The partnership between Spirit AeroSystems and GMR Aero
Technic will strengthen MRO solutions for our airline customers in
the region,” said Salil Gupte, President, Boeing India.
Spirit AeroSystems' aftermarket business continues to grow
worldwide since the 2021 acquisition of select Bombardier MRO
operations in Belfast, Northern Ireland; and Casablanca, Morocco;
and the acquisition of assets from Applied Aerodynamics in Dallas,
Texas, USA.
Over the last year, Spirit AeroSystems has opened Spirit
Evergreen Aftermarket Solutions (SEAS), a joint venture with
Evergreen Aviation Technologies Corp. in Taiwan; signed an
agreement with Guangzhou Aircraft Maintenance Engineering Company
Limited (GAMECO) to be the Spirit Authorized Repair Center in
Mainland China; and is exploring an opportunity with Malaysia
Airlines Berhad (MAB) and Joramco to develop MRO services. Spirit’s
Aftermarket business revenues have grown from $186 million in 2019
to $311 million in 2022.
Spirit AeroSystems is a subsidiary of Spirit AeroSystems
Holdings, Inc. [NYSE: SPR].
On the web: www.spiritaero.com On Twitter: @SpiritAero
About Spirit AeroSystems Inc.
Spirit AeroSystems is one of the world's largest manufacturers
of aerostructures for commercial airplanes, defense platforms, and
business/regional jets. With expertise in aluminum and advanced
composite manufacturing solutions, the company's core products
include fuselages, integrated wings and wing components, pylons,
and nacelles. We are leveraging decades of design and manufacturing
expertise to be the most innovative and reliable supplier of
military aerostructures, and specialty high-temperature materials,
enabling warfighters to execute complex, critical missions. Spirit
also serves the aftermarket for commercial and business/regional
jets. Headquartered in Wichita, Kansas, Spirit has facilities in
the U.S., U.K., France, Malaysia and Morocco. More information is
available at www.spiritaero.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains "forward-looking statements" that
may involve many risks and uncertainties. Forward-looking
statements generally can be identified by the use of
forward-looking terminology such as "aim," "anticipate," "believe,"
"could," "continue," "estimate," "expect," "goal," "forecast,"
"intend," "may," "might," "objective," "outlook," "plan,"
"predict," "project," "should," "target," "will," "would," and
other similar words, or phrases, or the negative thereof, unless
the context requires otherwise. These statements reflect
management's current views with respect to future events and are
subject to risks and uncertainties, both known and unknown. Our
actual results may vary materially from those anticipated in
forward-looking statements. We caution investors not to place undue
reliance on any forward-looking statements. Important factors that
could cause actual results to differ materially from those
reflected in such forward-looking statements and that should be
considered in evaluating our outlook include, without limitation,
the impact of the COVID-19 pandemic on our business and operations;
the timing and conditions surrounding the full worldwide return to
service (including receiving the remaining regulatory approvals) of
the B737 MAX, future demand for the aircraft, and any residual
impacts of the B737 MAX grounding on production rates for the
aircraft; our reliance on Boeing for a significant portion of our
revenues; our ability to execute our growth strategy, including our
ability to complete and integrate acquisitions; our ability to
accurately estimate and manage performance, cost, and revenue under
our contracts; demand for our products and services and the effect
of economic or geopolitical conditions in the industries and
markets in which we operate in the U.S. and globally; our ability
to manage our liquidity, borrow additional funds or refinance debt;
and other factors disclosed in our filings with the Securities and
Exchange Commission. These factors are not exhaustive and it is not
possible for us to predict all factors that could cause actual
results to differ materially from those reflected in our
forward-looking statements. These factors speak only as of the date
hereof, and new factors may emerge or changes to the foregoing
factors may occur that could impact our business. Except to the
extent required by law, we undertake no obligation to, and
expressly disclaim any obligation to, publicly update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20230219005029/en/
Media: Forrest Gossett (316) 523-5197
forrest.s.gossett@spiritaero.com
Investor Relations: Aaron Hunt (316) 523-7040
investorrelations@spiritaero.com
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