Quickstep looks to expand aftermarket services after strategic review

Following what it called a “comprehensive strategic review” of its underperforming aftermarket division initiated in February, Quickstep Group has said it will retain the business as a core part of its company.

The aftermarket division was established in late-2020, following the purchase of Boeing Australia’s MRO operation in Tullamarine, Melbourne.

In a statement on Friday, Quickstep said outcomes of the review should position the aftermarket for medium-term growth following a “disappointing revenue performance” over the last 12 months.

These included a renewed partnership arrangement with an unnamed Australian domestic airline, “following a first year which did not meet expectations”, aggregate customer commitments underpinning “a much improved forward financial forecast” versus February; and pursuit of potential new customer and partner opportunities.

“The aviation market in Australia is rebounding from the pandemic and the outlook for the maintenance, repair, overhaul and upgrade market in Australia is very positive. Onshore capability is vital to the health of a competitive and sustainable aviation industry in Australia,” said Managing Director Mark Burgess in a statement. 

“It is also our view that Quickstep’s capability offers defence customers a genuinely unique sovereign capability for the Indo-Pacific.”

Further reading

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Quickstep announces alliance targeting post-pandemic airline bounce

Quickstep buys Boeing maintenance facility