STOCK TITAN

Triumph Group And Airbus Extend Partnership To Satisfy Recovering MRO Demand In Asia

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary

Triumph Group (TGI) has extended its contract with Airbus Industries for Triumph Aviation Services Asia (TASA) to provide repair station services for over 40,000 proprietary parts. This partnership allows TASA to continue offering essential services for aircraft components while enhancing its operational capabilities. The agreement includes continuous improvement workstreams and leverages recent upgrades at TASA's facility in Thailand. TASA's services include repairs, machining, and overhauls, supporting the aviation industry's recovery amidst the ongoing pandemic.

Positive
  • Contract extension with Airbus enhances repair station service offerings.
  • TASA continues to provide essential services, demonstrating resilience during COVID-19.
  • Recent facility upgrades increase operational capabilities and customer value.
Negative
  • None.

BERWYN, Pa., Sept. 1, 2020 /PRNewswire/ -- Triumph Group [NYSE: TGI] announced that its Triumph Aviation Services Asia (TASA) business and Airbus Industries have formalized a contract extension to continue TASA's provision of repair station services for a Proprietary Parts catalog encompassing more than 40,000 items. TASA is a subsidiary of Triumph Systems & Support and serves the Asia Pacific region.

"Our team is delighted to continue its longstanding partnership with Airbus and expand the value we bring through the increased scope of this contract," said William Kircher, Executive Vice President of Triumph Systems & Support. "With TASA in place as a single-source, fully integrated MRO provider based in Thailand, Triumph is able to provide unique advantages for our customers within the region. TASA has also maintained its full spectrum of operational services throughout the COVID-19 crisis and we are confident our reliable range of solutions will continue to be a strong asset for Airbus both now and in the long term."

TASA's baseline services catalog included flight control surfaces, rudders, elevators, and sharklets for the A320, A330 and A340 family. With the contract extension, TASA will continue these core services and also include a broad scope of continuous improvement workstreams in sales and support, engineering, on-site services, and logistics. The site's wide array of recent facility and capability upgrades will also benefit the agreement, along with the ability to leverage its EASA DOA Part 21J approval for nacelle components design and validation as needed.

Triumph Aviation Services Asia's capabilities include nacelle components, radomes, flight control surfaces, piece-part repairs, CNC machining, autoclave and oven curing, non-destructive testing, sheet-metal and composite repairs, wheel and brake overhauls and full pneumatic, electric, hydraulic and fuel accessory component repairs and overhauls.

Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerospace and defense systems, components and structures. The company serves the global aviation industry, including original equipment manufacturers and the full spectrum of military and commercial aircraft operators.

More information about Triumph can be found on the company's website at www.triumphgroup.com.

Cision View original content:http://www.prnewswire.com/news-releases/triumph-group-and-airbus-extend-partnership-to-satisfy-recovering-mro-demand-in-asia-301122421.html

SOURCE Triumph Group

FAQ

What is the significance of Triumph Group's contract extension with Airbus?

The contract extension allows Triumph Aviation Services Asia (TASA) to continue providing critical repair services for over 40,000 parts, enhancing the partnership with Airbus.

How has Triumph Aviation Services Asia adapted during the COVID-19 pandemic?

TASA has maintained its full spectrum of operational services throughout the pandemic, continuing to support Airbus and the aviation industry.

What services does Triumph Aviation Services Asia offer?

TASA provides a range of services including repairs, CNC machining, and overhauls for various aircraft components.

Where is Triumph Aviation Services Asia located?

TASA is based in Thailand and serves the Asia Pacific region.

What upgrades have been made to Triumph Aviation Services Asia's facilities?

Recent upgrades include enhanced operational capabilities and the ability to leverage EASA DOA Part 21J approval for nacelle components.

Triumph Group, Inc.

NYSE:TGI

TGI Rankings

TGI Latest News

TGI Stock Data

1.05B
77.33M
2.14%
96.9%
7.11%
Aerospace & Defense
Aircraft & Parts
Link
United States of America
RADNOR