April 20, 2017
TAG Aero acquires assets of Iberia Maintenance APU facility in Madrid
TAG Aero has acquired the assets of Iberia Maintenance APU facility in Madrid. The equipment consists of a full set of OEM tooling, shop maintenance stands and test cell for various APU applications, enabling TAG Aero to offer a full overhaul and repair capability for the Honeywell A320 APU (GTCP131-9A). Operations are scheduled to commence early 2018 after relocating the assets to TAG Aero’s brand new custom built facility in Orlando, Florida. From this location, TAG Aero will open a new 145 repair station (TAG TechOps). Founder and Managing Director Myles Thomas states that TAG TechOps will strongly focus on securing 300 aircraft under APU contract maintenance within the first two years of operations. This represents another step in the impressive growth of TAG Aero, remaining consistent with its strategic business plan to add value to its current trading.