Spirit AeroSystems signs a joint venture agreement with Evergreen Aviation Technologies Corporation (EGAT), expanding its aftermarket presence in the Asia-Pacific region.
The agreement expects to complement Spirit’s recent acquisition of Applied Aerodynamics and last year’s acquisition of select Bombardier assets, strengthen its global maintenance, and repair and overhaul (MRO) capabilities. Under the joint venture agreement, Spirit and EGAT will form a new company, Spirit Evergreen Aftermarket Solutions (SEAS), and transfer repair capabilities to SEAS, increasing manufacturing expertise and services to meet growing fleet demands in the region.
Jim Lickteig, Senior Director of Aftermarket Solutions, Spirit AeroSystems, said: “Spirit AeroSystems is strategically expanding our capabilities in the Asia-Pacific region because the local fleet operators need affordable and efficient repairs. We’re in a position to deliver on that need with our expertise and quality MRO services. By embarking on these new relationships, we will be better prepared to help passenger and freight carriers in the region remain competitive as the industry continues to recover from the pandemic.”
Kin Chong, Executive Vice President of Business Coordination Division, EGAT, said: “EGAT is excited to enter into the business venture with Spirit to collectively deliver optimal business propositions to fleet operators and partners in the region. EGAT’s corporate values of transparency, honesty and integrity infuse well with Spirits’ transparency, collaboration and inspiration. Carriers in the region can expect more responsive service solutions.”