September 30, 2014
Piedmont Aviation Component Services signs seven year landing gear maintenance support agreement with Republic Airways
TAT Technologies’ wholly-owned subsidiary Piedmont Aviation Component Services, has signed a seven year landing gear maintenance support agreement with Republic Airways Holdings, covering their Embraer E-175 fleet. The agreement covers the current fleet of 160 aircraft and the total value may exceed $45m. TAT’s President and CEO, Mr. Itsik Maaravi, commented on the new agreement: “We are proud of this new relationship between Republic and Piedmont. Additionally, this contract will position us as a world leading maintenance service provider for Embraer E – 170/190 landing gear as the fleet is just entering first wave of major overhaul requirements. It constitutes an important step in our strategy of solidifying TAT Technologies and subsidiaries as world leading service providers. The new agreement reinforces TAT’s leading position in the regional Landing Gear maintenance industry, adding new capabilities to our existing product lines, which currently includes ATR 42/72, CRJ 100/200 and Dash 8 aircraft.”
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