Aerospace composite business Quickstep Holdings Limited (ASX: QHL) has signed a non-binding memorandum of understanding (MoU) in relation to a proposed aftermarket services agreement with Triumph Aviation Services Asia (TASA), a subsidiary of Triumph Group, covering the Australasia region.
Executive General Manager, Tim Gent, said Quickstep Aerospace Services (QAS) and TASA intend to create a strategic alliance to provide airlines and MRO customers greater regional coverage for maintenance, repair and overhaul (MRO) services.
The memorandum of understanding envisions a broad scope, including services such as MRO, spares pooling and repair development for the aero structures market that will enable efficient regional coverage with greater operational availability for operators. The intended QAS work scope will be completed at its new Tullamarine facility.
Mr Gent said the parties intend that the proposed arrangement will benefit airline customers by providing seamless support while simplifying the airlines’ supply chain and improving cost-effectiveness.
Quickstep Aerospace Services is delighted to take this potential growth opportunity forward with Triumph,” Mr Gent said.
“Our customers are expected to benefit from the expertise of design and repair that both parties bring to this arrangement. This a great opportunity to deliver key capabilities as post-pandemic recovery in the airline sector gathers pace across Australasia.”
Quickstep Holdings Limited is the largest independent aerospace composite business in Australia, with facilities in Sydney, Geelong, Melbourne and Dallas. The group employs more than 270 people in Australia and internationally.
More information about Quickstep is available at https://www.quickstep.com.au/
