FL Technics, part of Avia Solutions Group, to acquire Storm Aviation Ltd, a UK based Line Maintenance ProviderDocument Transcript
5 September, 2011 // Press releaseFL Technics, part of Avia Solutions Group, to acquire Storm Aviation Ltd, a UK basedLine Maintenance ProviderFL Technics, a member of Avia Solutions Group (ASG) family, continues to expand itsalready extensive business capabilities. The company providing integrated aircraftmaintenance and repair services FL Technics announced that they had entered into adefinitive agreement under which FL Technics would acquire Storm Aviation Limited, theleading international provider of Line Maintenance services for narrow bodied and widebodied aircraft. This acquisition will enable FL Technics to have a network of 24 LineStations in total across Europe and the CIS and extend capability list of line maintenanceservices for further expansion of the business.In the beginning of the year the ASG board members came to an agreement regarding theestablishment of 20 brand new FL Technics line maintenance stations by the end of 2012. FLTechnics activity will continue to be directed towards the development and expansion ofmajor aircraft technical support and maintenance business solutions: smooth provision of baseand line maintenance services, full logistical support of spare parts and components as well asrapid expansion of warehouse portfolio capabilities. The company will also carry on sellingspare parts and components, offering technical training, engine overhaul and maintenance andindividual components‟ repair services as well as regular technical maintenance andcertification solutions.„The acquisition of Storm Aviation will enable FL Technics to become an operator of one ofthe largest line maintenance networks‟ in Europe.‟, - explained the ASG chairman of theboard Gediminas Ziemelis. He added that Storm Aviation Limited was managed by a first-rate team of internationally acclaimed professionals possessing over 30 years of experience inthe aviation industry. „Embracing these highly skilled and talented experts will furtherstrengthen the company‟s position in the European and the CIS markets.‟, - commentedG.Ziemelis.According to G.Ziemelis, this newly signed agreement will expand FL Technics maintenancecapacity, product range, improve service quality and list of capabilities by providingintegrated aircraft maintenance and repair services solutions for Boeing 747/777/767 andAirbus A380/340/330 aircraft types. “This agreement will bring benefits to the extensiverange of customers of both companies and generate significant new business and revenue
opportunities as well as significantly improving the services both Storm Aviation Limited andFL Technics can offer. The combination will enable FL Technics to reach new markets aswell as increase list of line maintenance customers across Europe”, - stated G.Ziemelis.„Storm Aviation Limited headcount amounts to almost 100 people. Most of the highly trainedprofessionals work across its airports in the UK. The FL Technics training centre prepares andcertifies more than 1000 various mechanics and engineers for different companies every year.In the seasons when hangars remain less busy, specialists will work in line stations. And viceversa – in the peak periods these professionals will be transferred back to hangars.‟, -elaborated G.Ziemelis.FL Technics provides technical maintenance solutions in its main facilities in Lithuania andUkraine and across Line Maintenance stations in Russia, Tadzhikistan, Kazakhstan, Italy,Turkey and Lithuania. Last year the company also implemented a 24/7 AOG (Aircraft on theground) helpline, enabling its users to receive prompt technical assistance and/or aircraft partsat any time.FL Technics is one of the fastest growing companies in Eastern Europe. It operates underEASA international certificates (EASA Part 145, Part M, and Part 147) and complies withother civil aviation administrations‟ issued regulations (Bermuda, the Russian Federation,etc.). At the core of FL Technics daily activities is Ramco IT, one of the most advancedenterprise management systems. About Avia Solutions GroupAvia Solutions Group offers complex aviation services solutions. The Group joins together theleading aviation service companies in the region, such as FL Technics, FL Technics Jets,Baltic Ground Services, Small Planet Airlines, Baltic Aviation Academy, Locatory.com andAviationCV.com. Operating in the markets of Russia and CIS countries, as well as Poland,Estonia, Italy, United Kingdom and other west Europe countries. Avia Solutions Group islisted on the Warsaw Stock Exchange. For more information about Avia Solutions Group,please visit our website at www.aviasg.com. About FL Technics:FL Technics is one of the largest integrated maintenance and repair organisations (MRO) inEastern Europe, the CIS and the Baltic States. The company has extensive experience in
aviation as well as tailor-made solutions that are sure to please any client. FL Technicsspecializes in technical support, engineering solutions and maintenance planning, spare partsand components management, training and consulting services. All technical supportsolutions are carried out in the main facilities in Lithuania and Ukraine as well as in linemaintenance stations across the European Union and the CIS.FL Technics operates under international certificates EASA Part 145, Part M, Part 147 andother regulations issued by aviation authorities in Bermuda, Russia and other countries. Atpresent FL Technics services Boeing, Airbus, ATR, Embraer, Bombardier, CRJ and othertypes of aircraft. FL Technics is a member of the Avia Solutions Group family – one of thelargest aviation business groups in Eastern Europe. For more information about FLTechnics, please visit our website at www.fltechnics.com. For further information, please do not hesitate to contact: Ernesta Raulonytė Communications Manager Avia Solutions Group Mob. +370 616 25348 email@example.comAvia Solutions Group, complex aviation services solutions, FL Technics, integratedmaintenance and repair organisation, Line Maintenance services, line station, StormAviation, MRO.