Carbon fibre composites manufacturer Quickstep is set to collaborate with a Thai-based MRO company to expand its regional coverage.
The memorandum of understanding with Triumph Aviation Services Asia (TASA) involves the provision of a broad range of services, including spares pooling and repair development for the aerostructures market.
According to the parties, the agreement would simplify the airlines’ supply chain and improve cost-effectiveness. Quickstep would undertake the affected work at its new Tullamarine facility in Victoria.
“Quickstep Aerospace Services is delighted to take this potential growth opportunity forward with Triumph,” said Tim Gent, executive general manager of Quickstep Aerospace Services (QAS).
“Our customers are expected to benefit from the expertise of design and repair that both parties bring to this arrangement.
“This a great opportunity to deliver key capabilities as post-pandemic recovery in the airline sector gathers pace across Australasia.”
Monty Richardson, president of Triumph Aviation Services Asia, added, “TASA is excited to be working with Quickstep in Australia.
“This proposed alliance is another example of how we are getting closer to our customers across the Asia-Pacific region in order to deliver high quality and cost-effective maintenance solutions.”
The alliance is subject to the negotiation of definitive binding agreements.
The news comes after Quickstep in February finalised its $2.64 million deal to buy Boeing Defence Australia’s MRO operation.
Under the terms of the asset purchase agreement – which has been approved by major regulatory bodies (CASA, FAA, EASA and DASR) – Quickstep has acquired operating assets, inventories and certain customer contracts from the firm via its wholly owned subsidiary Quickstep Aerospace Services.
The transaction, first announced in November, has been funded by a “top tier” Australian bank as part of a refinancing package for Quickstep’s existing long-term loan, offering a reduced margin.