ATSG arm AMES buys PEMCO World Air Services

ATSG arm AMES buys PEMCO World Air Services

Jan 4, 2017: Airborne Maintenance and Engineering Services (AMES), the subsidiary of Air Transport Services Group has acquired Tampa-based PEMCO World Air Services (PEMCO), which offers outsourced heavy maintenance, repair and overhaul (MRO) aircraft services and passenger-to-freighter aircraft conversions.

The services of the combined entity will be marketed worldwide to customers as part of a comprehensive set of ATSG solutions, as well as to the ATSG affiliates.

ATSG will offer services from multiple locations, including Wilmington and Tampa for heavy maintenance and modifications, and Tampa, Central America and Asia for passenger-to-freighter conversions. Additional service offerings of aircraft-on-ground field teams, line and turnaround maintenance, component repair and overhaul, engineering repair and design, and extensive manufacturing and kitting capabilities, will be extended from various locations.

ATSG President and CEO Joe Hete said, “Based on PEMCO’s existing domestic and international scale, this acquisition will expand access to maintenance service for customers of ATSG’s expanding fleet of Boeing 767 cargo aircraft. It is consistent with our goal to diversify ATSG’s revenue and earnings, for an investment in the same price range as our planned and completed stakes in cargo airlines in China and Europe. The combination of PEMCO’s conversion and MRO sales of both Airbus and Boeing products with AMES’ existing offerings will create a sustained, growth-oriented aircraft maintenance product and services portfolio.”

Hete added that based on ATSG’s current estimates and outlook, the PEMCO acquisition is expected to be accretive to ATSG’s earnings starting in 2017.

Related Posts

Ethiopian inaugurates thrice weekly service to Bahrain

Ethiopian inaugurates thrice w ...

August 18, 2017: Africa’s fast growing airlines, Ethiopian Airlines Group, has announced that it will operate thrice weekly ...

DHL, Ford rolls out jointly made electric delivery van

DHL, Ford rolls out jointly ma ...

August 18, 2017: US automaker Ford and German logistics company Deutsche Post DHL Group and have unveiled a jointly manufactured e ...

Bollore Logistics delivers two boilers for brewing company in Africa

Bollore Logistics delivers two ...

August 18, 2017: Global transport and logistics company, Bollore Logistics has been chosen to provide services to Ibecor, a Heinek ...

Kuehne + Nagel to provide production logistics to Mercedes-Benz

Kuehne + Nagel to provide prod ...

August 18, 2017: Global transport and logistics company Kuehne + Nagel has announced a new multi-year contract with Mercedes-Benz ...