BERWYN, Pa. and PARIS and
AMSTELVEEN, Netherlands,
March 31, 2021 /PRNewswire/
-- Triumph Group [NYSE:TGI] and Air France Industries KLM
Engineering & Maintenance (AFI KLM E&M) announced today
they have signed a definitive agreement to form a joint venture to
overhaul nacelles for next generation aircraft at Triumph's
Hot Springs, Arkansas repair
facility.
Building on their partnership announced in June 2019, Triumph Group and AFI KLM E&M will
provide expanded 'new gen' nacelle maintenance, repair and overhaul
(MRO) services for customers based in North and South
America. The formation of this joint venture, subject to
regulatory approval, represents the critical first phase of the
parties' previously announced strategic collaboration to leverage
their combined expertise and capabilities to provide seamless
global MRO support to customers regardless of location. From
operational issues to regular maintenance, the joint venture will
benefit aircraft operators in the Americas by offering the combined
experience of a global airline-MRO that operates and maintains 'new
gen' aircraft with that of a trusted and established MRO service
provider.
Johann Panier, SVP Business Development & Strategy AFI KLM
E&M said, "We are delighted to enhance our partnership with
Triumph Group, a world class company. This close collaboration will
strengthen our global network of subsidiaries and joint ventures
supporting operators worldwide and with such a partner, we are able
to offer the best local services to airlines in the Americas."
"Together, Triumph Group and AFI KLM E&M will deliver world
class service and value to our customers when they need it the
most, while creating momentum for both companies as our industry
recovers from the COVID-19 pandemic," said William Kircher, Executive Vice President for
Triumph Systems & Support.
About Air France Industries KLM Engineering &
Maintenance
Air France Industries KLM Engineering &
Maintenance is a major multi-product MRO (Maintenance, Repair,
Overhaul) provider. With a workforce of over 14,000, AFI KLM
E&M offers comprehensive technical support for airlines,
ranging from engineering and line maintenance to engine overhaul,
aero structure and fan thrust reverser support, as well as the
management, repair and supply of aircraft components, structured
around a powerful logistics network. AFI KLM E&M supports
almost 2,800 aircraft operated by 200 major international and
domestic airlines. www.afiklmem.com – Follow us on Twitter
@afiklmem
About Triumph
Triumph Group, Inc., headquartered in
Berwyn, Pennsylvania, designs,
engineers, manufactures, repairs and overhauls a broad portfolio of
aerospace and defense systems, components and structures. The
company serves the global aviation industry, including original
equipment manufacturers and the full spectrum of military and
commercial aircraft operators. More information about Triumph can
be found on the company's website at www.triumphgroup.com.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/triumph-group-and-air-france-industries-klm-engineering--maintenance-to-form-joint-venture-301259860.html
SOURCE Triumph Group