September 12, 2012
A J Walter Aviation buys the component repair business of Aveos
A J Walter Aviation, a leading independent provider of integrated aviation services, completed its purchase of the component repair business of Aveos Fleet Performance. The Montréal facility will house AJW Technique and become the organisation’s new global headquarters for the repair and overhaul of aircraft components. AJW has enlisted strong support from the Government of Québec and the International Association of Machinists and Aerospace Workers (IAMAW) to formulate a new business initiative that will support a sustainable and substantial MRO business from the outset. AJW has an established and growing global customer base of more than 800 airlines, more than 400 aircraft under contract, annual group sales in excess of $400m and expenditure on overhaul and repair services that will exceed $150m in 2012. As AJW Technique grows to offer full supply chain component repair management, it will reduce turnaround times and contribute further to the organisation’s pledge to deliver measureable cost savings for customers. Once the transition is completed, AJW Technique will provide many new jobs over the long-term and build upon the local aviation heritage through partnership with the highly skilled Canadian workforce.