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Triumph Group's Asia-Pacific MRO Provider Signs MOU With Thai Aviation Industries

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Triumph Group [NYSE:TGI] announced that its Triumph Aviation Services Asia Ltd. has signed a memorandum of understanding with Thai Aviation Industries Co., Ltd. (TAI), a certified repair station under the Civil Aviation Authority of Thailand. This MOU aims to enhance cooperation on training, business development, and maintenance services, including aircraft maintenance for Diamond DA40 and DA62. The partnership is expected to leverage the strengths of both companies in the Asia-Pacific region, marking a significant milestone for TASA and TAI.

Positive
  • The MOU with TAI enhances business development opportunities in the Asia-Pacific region.
  • Collaboration focuses on comprehensive maintenance services, boosting TGI's operational capabilities.
  • TASA's established reputation and past awards strengthen its position in the market.
Negative
  • None.

BERWYN, Pa., May 3, 2021 /PRNewswire/ -- Triumph Group [NYSE:TGI] announced today that its Triumph Aviation Services Asia Ltd. (TASA) business has signed a memorandum of understanding (MOU) with Thai Aviation Industries Co., Ltd (TAI), a certified repair station under the Civil Aviation Authority of Thailand (CAAT). TASA is a subsidiary of Triumph Group, located in Chonburi, Thailand.

The MOU, executed at a ceremony presided over by Air Chief Marshal Supachai Saingurn, Managing Director of TAI, and Monty Richardson, President of TASA, commemorates both parties' intent to cooperate on a wide range of training, business development and maintenance services, including composite training for Diamond DA40 and DA62 aircraft maintenance, design of approval (DOA) support, testing, repair, calibration and overhaul of aircraft components, as well as new capability development in aircraft structures and satellites.

"The establishment of this MOU is an important milestone for both TASA and TAI, marking the continuation of the cooperative relationship that Triumph Group is advocating with our local and regional Asia-Pacific partners and customers," said Richardson. "This is a key foundation for mutual understanding and leveraging of our individual and organizational strengths and capabilities."

Thai Aviation Industries Co., Ltd., Thailand's premier international MRO, has various capabilities including aircraft maintenance up to O-level, component repair and overhaul of piston engines and propellers, aircraft parts and logistics support, NDI service up to level-3 and an ISO 17025 standard tools and equipment calibration shop. More information about TAI can be found at http://taithailand.com

Triumph Aviation Services-Asia, Ltd., a two-time Boeing Silver Performance Excellence awardee and the first Thailand-based MRO station to receive EASA DOA Part 21J approval for nacelle components design and validation, conducts repairs and overhauls a wide range of complex aircraft structures and components such as engine nacelles, flight control surfaces and various aircraft accessories. More information about TASA can be found at  https://www.tasa-aviation-apac.com/

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-groups-asia-pacific-mro-provider-signs-mou-with-thai-aviation-industries-301282462.html

SOURCE Triumph Group

FAQ

What is the significance of the MOU signed by Triumph Group with Thai Aviation Industries?

The MOU enhances cooperation in training and maintenance services, marking a milestone for both companies.

What areas will the MOU between TGI and TAI cover?

It will focus on aircraft maintenance, training, and business development, specifically for Diamond DA40 and DA62.

When was the MOU between Triumph Group and Thai Aviation Industries announced?

The MOU was announced on May 3, 2021.

How does the MOU impact Triumph Group's operations in Asia?

It is expected to enhance Triumph Group's operational capabilities and strengthen its presence in the Asia-Pacific market.

What is Triumph Aviation Services Asia Ltd. known for?

TASA is recognized for its complex aircraft structure repairs and has received the Boeing Silver Performance Excellence award.

Triumph Group, Inc.

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