Storm Aviation Limited Acquires UK Line Station Network from SR Technics
Storm Aviation Limited, a leading international provider of line & base maintenance services and training, a subsidiary of FL Technics and a part of a global aerospace business group Avia Solutions Group, acquired the United Kingdom-based line station network from MRO service provider SR Technics.
SR Technics UK line station network provides fully supported aircraft turn around services, including planned and casualty maintenance, transit, pre-departure and overnight defect rectification as well as other checks for most commercial types of aircraft. The assets transferring to Storm Aviation Limited ownership include five UK-based line stations located in London Heathrow Airport, Gatwick Airport, Stansted Airport, Manchester Airport, Birmingham Airport along with a tooling, loan, repair and calibration centre in Stansted Airport.
Jakob Straub, SVP of SR Technics Aircraft Services commented: “As part of the consolidation process in the UK, SR Technics is pleased that we could transfer the majority of our line stations to STORM aviation”
The transaction strengthens Storm Aviation Limited international network of line stations and adds two new locations – Stansted Airport and Birmingham Airport. Together with its parent company FL Technics and other group companies, Storm Aviation Limited offers line maintenance services at 70 airports globally and base maintenance services at 5 locations.
As well as expanding its network of airports, Storm Aviation Limited welcomes several new clients to its business, including United Parcel Services Co. (UPS), China Eastern Airlines and Hainan Airlines.
Thomas Buckley, CEO of Storm Aviation Limited commented: “We are thrilled to join teams with SR Technics UK’s valued aircraft maintenance professionals and welcome a number of esteemed customers to Storm Aviation Limited. This transaction is an important step in strengthening Storm’s trusted network of line stations and to ensure that airlines landing at UK’s major airports continue to receive top-quality engineering support.”
Zilvinas Lapinskas, CEO of FL Technics, said: “The agreement between Storm Aviation Limited and SR Technics has a potential to deliver significant synergies for the combined business. While global aviation continues to face significant headwinds, I am hopeful that by joining forces we will be better positioned to endure the ongoing disruption, and, most importantly, take advantage of the eventual recovery.”