SINGAPORE--(BUSINESS WIRE)--Feb. 6, 2018--
Triumph Group, Inc. (NYSE:TGI) announced today its subsidiary, Triumph
Aviation Services Asia, Ltd., has signed a memorandum of understanding
(MOU) with China Southern Airlines to cooperate in a comprehensive
alliance for nacelle maintenance, potentially including the
establishment of a joint venture entity in Shenyang, China. Triumph
Aviation Services Asia, is an operating company of Triumph Product
Under the MOU, Triumph Aviation Services Asia will be relied on as
supplier of choice to provide repair services for China Southern’s fleet
of V2500 and PW4168 nacelles while the joint venture company is being
established. The JV will then provide repair and overhaul services for
nacelle components and additional aircraft components of China Southern
Airlines’ fleet in the long term, as well for as other operators in the
“We are very proud that Triumph Aviation Services Asia was selected by
China Southern as an exclusive partner for nacelle repair requirements,”
said Michael R. Abram, executive vice president of Triumph Product
Support, “and we are excited to have the opportunity to partner with
them to establish an aircraft maintenance, repair and overhaul footprint
in China to serve the second largest domestic aviation market in the
world. Our expanded relationship with China Southern Airlines
demonstrates how we work with our customers to offer Total Life Cycle
(TLC) Solutions when and where they need it.”
“Triumph Aviation Services Asia always supplied the best services in our
years of cooperation,” said Li Zhi Gang, senior vice president for China
Southern Airlines’ Maintenance & Engineering Division, “considering the
expectations for future use of composite material, we firmly believe
they are the best partner in composite repair sector.”
The establishment of the new alliance builds on years of collaboration
between the two companies. Since 2013, Triumph has supported the
development of China Southern’s composites repair shop at the airline’s
Shenyang Maintenance Base.
In a closed event on February 7, at the Singapore Airshow, China
Southern Airline and Triumph Aviation Services Asia will conduct an
honorary signing to recognize the new contract and MOU.
China Southern Airlines is the largest operator in Asia Pacific with a
current fleet of more than 700 aircraft, and the world’s fourth largest
operator. They are headquartered in Baiyun District, Guangzhou,
Guangdong Province, China.
Triumph Aviation Services Asia, Ltd., located in Bangkok, Thailand,
repairs and overhauls a wide range of complex aircraft structures and
components such as engine nacelles, fan reversers, flight control
surfaces, and various aircraft accessories.
Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs,
engineers, manufactures, repairs and overhauls a broad portfolio of
aircraft structures, components, accessories, and systems. The Company
serves a broad spectrum of the global aviation industry, including
original equipment manufacturers of commercial, regional, business and
military aircraft and aircraft components, as well as commercial and
regional airlines and air cargo carriers.
More information about Triumph Group can be found on the company’s
website at http://www.triumphgroup.com.
Statements in this release which are not historical facts are
forward-looking statements under the provisions of the Private
Securities Litigation Reform Act of 1995, including statements about
future operations, facilities and joint ventures. All forward-looking
statements involve risks and uncertainties which could affect the
company’s actual results and could cause its actual results to differ
materially from those expressed in any forward-looking statements made
by, or on behalf of, the company. Further information regarding the
important factors that could cause actual results to differ from
projected results can be found in Triumph Group’s reports filed with the
SEC, including our Annual Report on Form 10-K for the fiscal year ended
March 31, 2017.
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Source: Triumph Group, Inc.
Triumph Group, Inc.
Senior Director –
Phone (610) 251-1000
Vice President – Tax & Investor Relations