Triumph Group, Inc. (NYSE: TGI) today announced that its subsidiary, Triumph Aviation Services Asia, Ltd., has signed a five year contract with Airbus S.A.S. to provide inspection, test, repair and modification of Airbus Proprietary Parts (APP) for the A320 and A330/340 programs. For the duration of the long term contract, the company will provide maintenance and repair services of rudders, elevators, wing sharklets, flaps, slats and other aircraft structures subcontracted by Airbus or received directly from Asia Pacific customers based on a collaborative marketing model.
Richard C. Ill, Triumph’s President and Chief Executive Officer, said, “This award is an important win for Triumph, strengthening our long term relationship with Airbus and building our presence in the structural component MRO market. We are excited about our partnership with Airbus and their growing presence in the Asia Pacific region and look forward to supporting this program for many years to come.”
“This new contract signed with Triumph Aviation Services Asia reflects our aim to develop our industrial partnerships in Thailand,” said Didier Lux, Airbus Head of Customer Services. “With a skilled talent pool, competitive environment and a centralized location in South East Asia, we believe that Thailand has great potential to develop its aerospace sector.”
Source: Triumph Group, Inc.
Date: Sep 9, 2015