Iberia Maintenance and Singapore Technologies Aerospace (ST Aerospace) today announced that Madrid Aerospace Services, joint venture company that provides repair and overhaul services of landing gear, has delivered its first overhauled landing gear. This A-320 landing gear belongs to Iberia Airlines and has undergone complete overhaul work including inspection, rework and replacement of parts. Madrid Aerospace Service has been approved by the Spanish Civil Aviation authority, Agencia Estatal de Seguridad Aérea (AESA) and the European Aviation Safety Authority (EASA).
Manuel López Aguilar, Executive Vice President of Iberia Maintenance, said: “we are pleased with the quick progress of Madrid Aerospace Service, set up in February 2008 and approved by the European Commission in June 2008. In about a year, Madrid Aerospace Service has set up its operations and processes, attained certification and successfully completely its first overhaul for an A-320 landing gear. With its first success, we are confident that Madrid Aerospace Service will continue to seek to assert itself as a landing gear MRO provider with value added services and reliability.”
According to Tay Kok Khiang, President of ST Aerospace, “Madrid Aerospace has performed well in completing its first landing gear overhaul within a very short time from launch of the company. This is reflection of the capabilities and focus of the management and staff of Madrid Aerospace Service as well as the support given by Iberia Airlines and ST Aerospace.”
Madrid Aerospace is a 50:50 joint venture company between Iberia Maintenance and ST Aerospace. Located near the Madrid-Barajas Airport, Madrid Aerospace Service operates as a repair and overhaul (MRO) service provider. Since the signing of a joint venture agreement in February 2008 for the set up, Madrid Aerospace Service became operational in September 2008 and received approval from AESA and EASA. Madrid Aerospace Service’s initial focus is to provide repair and overhaul for Airbus A-320, A-330 and A-340 landing gears. It currently has capacity for three lines – two lines for A-320 and one line for A-330/A-340 – and will eventually have a capacity for six lines.
Iberia Maintenance is the MRO division of Iberia Airlines of Spain, and has broad experience in the maintenance of airframes, engines, and components. Iberia Maintenance is the world’s ninth largest aircraft maintenance service provider, serves more than 100 clients around the world and its total revenues reached 700 million euro in 2008.
ST Aerospace is the aerospace arm of ST Engineering. Operating a global MRO network with facilities in the Americas, Asia Pacific and Europe, it is the world’s largest aircraft MRO provider with a global customer base that includes many of the world’s leading airlines, airfreight operators and military operators. ST Aerospace provides a full spectrum of maintenance and engineering services through its two business segments: Aircraft Maintenance & Modification (AMM) and Component & Engine Total Support (CETS). ST Aerospace has a global staff strength of more than 7,000 engineers and technical specialists.
