A J Walter Aviation Enters Into Purchase Agreement for Aveos Component Repair Business

London - Integrated aviation services provider A J Walter Aviation (AJW) has signed an asset purchase agreement to buy the component repair business of Aveos Fleet Performance. AJW plans to develop a world-class MRO operation and will establish the Montréal facility as its new global headquarters for the aircraft components MRO. AJW worked with the International Association of Machinists and Aerospace Workers (IAMAW) to formulate a new business structure.

Both AJW and Aveos are committed to expanding support services for Airbus aircraft. AJW is keen to establish a program that secures long-term business and work for the people of Québec, as well as enhancing Montréal’s aviation pedigree.

“We plan to safeguard an outstanding facility and talent base that will take fresh heart from AJW’s entrepreneurial ethos,” says AJW president Christopher Whiteside.  “We are committed to re-establishing a world-class MRO operation in Montréal which will enable us to provide competitive service levels, quality and cost guarantees to the global aviation community. Our team has been working with the Chief Restructuring Officer and Monitor, the Machinist Union and the Québec Government for several weeks to secure unequivocal support for our bid.” 

For more information, visit www.ajw-aviation.com.