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TAE management team to take full ownership of engineering firm

written by australianaviation.com.au | March 12, 2015

TAE logo
Air New Zealand has agreed to sell engineering and maintenance firm TAE to the company’s Australian management team.

The full takeover was expected to be completed by the end of March and means TAE will be a 100 per cent Australian-owned company.

TAE general manager Andrew Sanderson said the management team will not change and it will be business as usual for customers and suppliers.

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“This new ownership structure allows us to now focus on our core business and develop TAE as an independent engineering and maintenance company as a 100 per cent Australian-owned venture,” Sanderson said in a statement on Thursday.

“The new ownership team has great confidence in TAE’s people, our strong customer and contract base and prospects for the future and we look forward to seeing our significant investment be the start of a new chapter in TAE’s story in Australia.”

Sanderson said Air NZ had been a great supporter throughout the company’s history.

TAE, which employed about 200 staff, said it would be the nation’s largest fully Australian‐owned aviation engineering services company following the transaction.

PROMOTED CONTENT

It was recently selected to undertake maintenance, repair, overhaul and upgrade work for the Lockheed Martin F-35 Joint Strike Fighter’s Pratt & Whitney F135 engines from its facility at RAAF Base Amberley.

Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

2 Comments

  • Raymond

    says:

    Just wondering, is this due to some requirement for JSF work to be conducted by a company owned by one of the partner countries?

  • Blacky

    says:

    Thats the end of company affiliated employee discount flights with Air New Zealand!

Leave a Comment

Your email address will not be published. Required fields are marked *

TAE management team to take full ownership of engineering firm

written by australianaviation.com.au | March 12, 2015

TAE logo
Air New Zealand has agreed to sell engineering and maintenance firm TAE to the company’s Australian management team.

The full takeover was expected to be completed by the end of March and means TAE will be a 100 per cent Australian-owned company.

TAE general manager Andrew Sanderson said the management team will not change and it will be business as usual for customers and suppliers.

Advertisement
Advertisement

“This new ownership structure allows us to now focus on our core business and develop TAE as an independent engineering and maintenance company as a 100 per cent Australian-owned venture,” Sanderson said in a statement on Thursday.

“The new ownership team has great confidence in TAE’s people, our strong customer and contract base and prospects for the future and we look forward to seeing our significant investment be the start of a new chapter in TAE’s story in Australia.”

Sanderson said Air NZ had been a great supporter throughout the company’s history.

TAE, which employed about 200 staff, said it would be the nation’s largest fully Australian‐owned aviation engineering services company following the transaction.

PROMOTED CONTENT

It was recently selected to undertake maintenance, repair, overhaul and upgrade work for the Lockheed Martin F-35 Joint Strike Fighter’s Pratt & Whitney F135 engines from its facility at RAAF Base Amberley.

Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

2 Comments

  • Raymond

    says:

    Just wondering, is this due to some requirement for JSF work to be conducted by a company owned by one of the partner countries?

  • Blacky

    says:

    Thats the end of company affiliated employee discount flights with Air New Zealand!

Leave a Comment

Your email address will not be published. Required fields are marked *

TAE management team to take full ownership of engineering firm

written by australianaviation.com.au | March 12, 2015

TAE logo
Air New Zealand has agreed to sell engineering and maintenance firm TAE to the company’s Australian management team.

The full takeover was expected to be completed by the end of March and means TAE will be a 100 per cent Australian-owned company.

TAE general manager Andrew Sanderson said the management team will not change and it will be business as usual for customers and suppliers.

Advertisement
Advertisement

“This new ownership structure allows us to now focus on our core business and develop TAE as an independent engineering and maintenance company as a 100 per cent Australian-owned venture,” Sanderson said in a statement on Thursday.

“The new ownership team has great confidence in TAE’s people, our strong customer and contract base and prospects for the future and we look forward to seeing our significant investment be the start of a new chapter in TAE’s story in Australia.”

Sanderson said Air NZ had been a great supporter throughout the company’s history.

TAE, which employed about 200 staff, said it would be the nation’s largest fully Australian‐owned aviation engineering services company following the transaction.

PROMOTED CONTENT

It was recently selected to undertake maintenance, repair, overhaul and upgrade work for the Lockheed Martin F-35 Joint Strike Fighter’s Pratt & Whitney F135 engines from its facility at RAAF Base Amberley.

Steer your own in-flight experience – available on print and digital Whether our classic glossy magazine in your letterbox, daily news updates in your inbox, peeling back a few layers in the podcast or our monthly current affair reports, you can count on us to keep you up to date. Sign up today for just $99.95 for more exclusive offers here. Subscribe now at australianaviation.com.au.

2 Comments

  • Raymond

    says:

    Just wondering, is this due to some requirement for JSF work to be conducted by a company owned by one of the partner countries?

  • Blacky

    says:

    Thats the end of company affiliated employee discount flights with Air New Zealand!

Leave a Comment

Your email address will not be published. Required fields are marked *

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