Browse > Home / Aeronautics News / GE Aviation Completes Acquisition of ATI-Singapore

GE Aviation Completes Acquisition of ATI-Singapore

Written by thomas · Filed Under Aeronautics News 

March 24, 2009

thomas

SINGAPORE — March 23, 2009 — GE Aviation has increased its ownership
of Airfoil Technologies International-Singapore Pte. Ltd.
(ATI-Singapore), a world-leading jet engine components repair operation,
from 49 to 100 percent by purchasing Teleflex Incorporated’s (Teleflex)
ownership stake.

By completing the acquisition, GE Aviation will enhance the repair
capabilities key to its global base of airline and industrial customers.
Also, the acquisition supports GE’s growing Services operation, which
had revenues approaching $7 billion in 2008, and expands the company’s
investments in Singapore, where GE operates several aerospace
facilities.

ATI-Singapore repairs compressor airfoils with excellent turnaround time
and quality. The state-of-the-art facility was built in 1998 to service
CF6 and CFM56* engines, but has expanded to include all GE commercial
aviation, marine and industrial engines as well as Pratt & Whitney and
Honeywell components. Located in Loyang Industrial Park, ATI-Singapore
has about 535 employees who repair more than two million compressor
airfoils a year.

“The $300 million acquisition of ATI-Singapore is the latest example of
GE’s growing presence in the region,” said David Joyce, president and
chief executive officer of GE Aviation, a division of GE. “Last year, GE
Aviation Service Operation (GEASO) in Singapore, launched a $30 million
expansion project, which will enable that repair facility to continue
its double-digit revenue growth.”

Launched in 1981, GEASO repairs and refurbishes high- and low-pressure
turbine blades and vanes, combustors, rotating parts and seals for more
than 100 aircraft engine customers around the world. The facility has
more than 900 employees and will expand from 200,000 to 250,000 square
feet when construction is completed later this year. The expansion
increases GEASO’s capacity and capabilities to include repairs on new
engines, such as the GEnx engine for Boeing’s 787 Dreamliner and 747-8
aircraft.

GE Aviation also operates a 30,000-square-foot material distribution and
sales center in the Changi area of Singapore. The center’s
used-serviceable parts and components improve material availability and
support for customers in the Asia-Pacific region from China to New
Zealand. This is one of only three GE Aviation used-serviceable parts
distribution centers in the world.

In addition, GE Aviation’s System organization provides customer support
through its Pacific Service Center in Singapore. The Systems team
provides innovative solutions to builders and operators of military and
civil aircraft, engines and land vehicles.

GE’s relationship with Singapore began 40 years ago when the company
opened several electronics manufacturing facilities. Today, Singapore is
one of the largest markets in the Southeast Asia region for GE with key
infrastructure projects in the energy, transportation and health
sectors. GE has more than 2,800 employees working in the country for six
operating units.

GE Aviation, an operating unit of General Electric Company (NYSE: GE),
is a world-leading provider of commercial and military jet engines and
components as well as avionics, electric power, and mechanical systems
for aircraft. GE Aviation also has a global service network to support
these offerings.

» Próximo Post - PremiAir’s Oxford Airport Fixed Wing Facility Awarded Authorised Dealer status by Raisbeck
« Post Aneterior - Bombardier Announces Three Key European Suppliers for CSeries Aircraft Program

Comments

¿Tiene algo que decir?

You must be logged in to post a comment.