Aircraft parts distribution and MRO services company Topcast Aviation Supplies has completed the acquisition of Shanghai-based AML Aviation Technologies.
AML was established by Aviation Industry Corporation of China in 2002 and is a Civil Aviation Administration of China-approved aircraft components maintenance company.
AML’s core services include testing, repair, modification and overhaul of air conditioning, communication, battery, cabin, fuel, hydraulic & pneumatic, light, water and waste handling systems.
“We’re very pleased to welcome AML to Topcast,” said the latter’s chief executive officer Steven Pearson. “This acquisition reveals and positions Topcast’s business well for the future of aviation dynamics in mainland China.
“We expect our MRO services to increase further its level of efficiency, through economies of scale, improved business operations and lower costs. We look forward to making an active contribution to the current strong demand of cargo freight for medical supplies and preparing industry recovery.”
Topcast’s vice president, sales and customer services & support George Poh noted that Asia Pacific was the fast-growing region of its MRO market, expecting to register a CAGR of over five per cent. “China is now the second-largest aviation market and has the highest revenue share in the MRO market,” said Poh. “We foresee there’s a surge of commercial aircraft MRO activities in China regarding to the fleet expansion plan of both traditional and low-cost carrier.”
Topcast said its longer-term aim was to set up a warehouse in Shanghai, implementing a dedicated pooling programme “for lower life cycle costs from the initial core units from each airline customer”.
Topcast Aviation Supplies is celebrating its 30th anniversary this year. This video looks at the next steps for the company.