Le Lézard
Classified in: Transportation, Business
Subject: CON

Triumph Group And Air France-KLM Announce Strategic Alliance


LE BOURGET, France, June 18, 2019 /PRNewswire/ -- Triumph Group (NYSE:TGI) and Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) announced today that they intend to create an aftermarket strategic partnership to give airlines and MRO customers global coverage for maintenance, repair and overhaul (MRO) services in the aftermarket.  The parties anticipate that the arrangement will benefit airline customers by providing seamless global support regardless of location while simplifying the airlines' supplier bases all in a manner that leverages the cost-effective solutions these leading third-party and operator/MROs are able to deliver to airlines.

The parties envision a wide-ranging scope for the partnership, including services such as maintenance, repair and overhaul (MRO), spares pooling, efficient transregional coverage, and repair development for the aerostructures market and engine nacelles for some new generation of aircraft.

"More and more, our customers are seeking the help of providers that offer a global footprint for aerostructures, and our collaboration with Triumph is the perfect complement to AFI KLM E&M's other global locations where we can deliver complete solutions to our joint airline customers," said M. Johann Panier, Senior Vice President Business Development for AFI KLM E&M.

"We plan to leverage each party's strengths -Triumph's demonstrated ability to deliver cost-effective solutions for aerostructures repair with the direct market insights and experiences of AFI KLM E&M, resulting in the best MRO solutions for our customers," said William Kircher, Executive Vice President for Triumph Product Support.

The partnership is subject to the negotiation of definitive agreements and other customary closing conditions.

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 2,000 aircraft operated by 200 major international and domestic airlines. www.afiklmem.com

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.

SOURCE Triumph Group


These press releases may also interest you

at 21:00
OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, today published a report titled 'Unlocking the Infinite Potential of Crypto and AI.' The report explores the convergence of AI and crypto, a major trend in...

at 20:50
Pharma (1167.HK), a clinical-stage oncology company drugging the undruggable targets, today announced its 2023 annual results. The revenue was RMB63.5 million, the R&D investment was RMB372 million, the cash and cash equivalent at the end of 2023 was...

at 20:45
The "Austria Social Commerce Market Intelligence and Future Growth Dynamics Databook - 50+ KPIs on Social Commerce Trends by End-Use Sectors, Operational KPIs, Retail Product Dynamics, and Consumer Demographics - Q1 2024 Update" report has been added...

at 20:40
Osisko Development Corp. ("Osisko Development" or the "Company") reports its financial and operating results for the three and twelve months ended December 31, 2023 ("Q4 2023"). Q4 2023 HIGHLIGHTS Operating, Financial and Corporate Updates: 2,090...

at 20:39
TSX VENTURE COMPANIES BULLETIN V2024-0926 VALLEYVIEW RESOURCES LTD. ("VVR")BULLETIN TYPE:  Resume TradingBULLETIN DATE: March 28, 2024TSX Venture Tier 2 Company Reference is made to our bulletin dated March 26, 2024 with respect to the listing of the...

at 20:30
WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Sonder Holdings Inc. resulting from allegations that Sonder may have issued materially misleading business...



News published on and distributed by: