Quickstep announces alliance targeting post-pandemic airline bounce

ASX-listed composites business Quickstep has signed a non-binding MoU with Triumph Aviation Services Asia (TASA) covering Australasian aftermarket airline and other MRO customers.

TASA and Quickstep’s Aerospace Services division (QAS) intend to form a “strategic alliance” with a broad scope including “services such as MRO, spares pooling and repair development for the aero structures market that will enable efficient regional coverage with greater operational availability for operators,” Quickstep said in a statement.

Tim Gent, Executive General Manager of QAS, said that, “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.”

Quickstep announced in November that it had acquired Boeing’s MRO facility in Tullamarine. The intended work would be completed at that site.

Monty Richardson, TASA’s president, said the proposed alliance showed, “another example of how we are getting closer to our customers across the Asia Pacific region.”

TASA is based in Thailand and is a subsidiary of NYSE-listed Triumph Group.

Quickstep said further announcements on the proposed alliance — “subject to the negotiation of definitive binding agreements”  — would be made in due course.

Picture: www.advancedfibrecluster.org.au

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