A J Walter Aviation has signed an asset purchase agreement to buy the component repair business of Aveos Fleet Performance. AJW plans to develop a world class MRO operation to enhance its diversified business model and will establish the Montréal facility as its new global headquarters for the maintenance, repair and overhaul of aircraft components.
AJW has worked closely with the International Association of Machinists and Aerospace Workers (IAMAW) to formulate a new business structure that is both fair and commercially competitive, and the company says that its efforts have won the support of key stakeholders.
A vertical integration into the supply chain is a strategic and logical next step for the evolution of AJW’s core suite of businesses. The purchase of the Aveos component maintenance division satisfies a strengthening portfolio of aviation based services and expands the organisation’s repair capabilities through partnership with a highly skilled Canadian workforce.
A J Walter Aviation enters into purchase agreement for Aveos component repair business
