A J Walter Aviation completes Aveos purchase
Wednesday September 12th 2012 - A J Walter Aviation
A J Walter Aviation (AJW) has completed its purchase of the component repair business of Aveos Fleet Performance. The Montreal facility will house AJW Technique and become the organisation’s new global headquarters for the repair and overhaul of aircraft components.
AJW said it had enlisted strong support from the Québec government and the International Association of Machinists and Aerospace Workers (IAMAW) to formulate a new business initiative that will support a sustainable and substantial MRO business. AJW said it had an established global customer base of more than 800 airlines, more than 400 aircraft under contract, annual group sales in excess of $400m and expenditure on overhaul and repair services that will exceed $150m in 2012. The company said that as AJW Technique grows to offer full supply chain component repair management, it will reduce turnaround times and contribute further to the organisation’s pledge to deliver measureable cost savings for customers.
AJW Technique said it would provide "many" new jobs once the transition was complete, and build upon the local aviation heritage through partnership with the workforce.
“Our dynamic edge will separate us from the competition at every strategic level," said Greg Martin, general manager for AJW Technique. "Our customers already demand competitive service levels with cost guarantees and we intend to raise the bar even further within the industry. Over the next few months we will rebuild workshop capabilities and ramp up the services that will form the core of our programme. Getting to this stage has been a challenging experience over many weeks and AJW would like to express our sincere thanks to everyone involved. We have ambitious plans for the future and are eager to share the pioneering spirit that has stood us in good stead for the past 80 years in aviation with the people of Québec.”
Did you know?
There are approximately 1,700 Canadian aerodromes - facilities registered with Transport Canada as aircraft takeoff and landing sites.
Source: Transport Canada (www.tc.gc.ca)