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March 6, 2013January 23rd, 2019

FL Technics to acquire Storm Aviation Ltd, a UK based Line Maintenance Provider

FL Technics to acquire Storm Aviation Ltd, a UK based Line Maintenance ProviderFL Technics, a member of Avia Solutions Group (ASG) family, continues to expand its already extensive business capabilities. The company providing integrated aircraft maintenance and repair services FL Technics announced that they had entered into a definitive agreement under which FL Technics would acquire Storm Aviation Limited, the leading international provider of Line Maintenance services for narrow bodied and wide bodied aircraft. This acquisition will enable FL Technics to have a network of 24 Line Stations in total across Europe and the CIS and extend capability list of line maintenance services for further expansion of the business.

In the beginning of the year the ASG board members came to an agreement regarding the establishment of 20 brand new FL Technics line maintenance stations by the end of 2012. FL Technics activity will continue to be directed towards the development and expansion of major aircraft technical support and maintenance business solutions: smooth provision of base and line maintenance services, full logistical support of spare parts and components as well as rapid expansion of warehouse portfolio capabilities. The company will also carry on selling spare parts and components, offering technical training, engine overhaul and maintenance and individual components’ repair services as well as regular technical maintenance and certification solutions.

‘The acquisition of Storm Aviation Limited will enable FL Technics to become an operator of one of the largest line maintenance networks’ in Europe.’, – explained the ASG chairman of the board Gediminas Ziemelis. He added that Storm Aviation Limited was managed by a first-rate team of internationally acclaimed professionals possessing over 30 years of experience in the aviation industry. ‘Embracing these highly skilled and talented experts will further strengthen the company’s position in the European and the CIS markets,’ – commented G.Ziemelis.

According to G.Ziemelis, this newly signed agreement will expand FL Technics maintenance capacity, product range, improve service quality and list of capabilities by providing integrated aircraft maintenance and repair services solutions for Boeing 747/777/767 and Airbus A380/340/330 aircraft types. “This agreement will bring benefits to the extensive range of customers of both companies and generate significant new business and revenue opportunities as well as significantly improving the services both Storm Aviation Limited and FL Technics can offer. The combination will enable FL Technics to reach new markets as well as increase list of line maintenance customers across Europe”, – stated G.Ziemelis.

‘Storm Aviation Limited headcount amounts to almost 100 people. Most of the highly trained professionals work across its airports in the UK. The FL Technics training centre prepares and certifies more than 1000 various mechanics and engineers for different companies every year. In the seasons when hangars remain less busy, specialists will work in line stations. And vice versa – in the peak periods these professionals will be transferred back to hangars,’ – elaborated G.Ziemelis.