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The ASX-listed aerospace composite business is exploring a partnership with a Thai-based MRO company.
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Quickstep Holdings Limited has announced the signing of a non-binding memorandum of understanding (MOU) as part of a proposed aftermarket services agreement with Triumph Aviation Services Asia (TASA), a subsidiary of Triumph Group.
Quickstep Aerospace Services (QAS) and TASA are exploring a strategic alliance aimed at expanding regional coverage for airlines and maintenance, repair, and overhaul (MRO) customers.
The MOU involves the provision of a broad range of services, including MRO, spares pooling, and repair development for the aero structures market.
According to the parties, the agreement would simplify the airlines' supply chain and improve cost-effectiveness.
If formed, QAS is expected to undertake work under the strategic alliance at its new Tullamarine facility in Victoria.
“Quickstep Aerospace Services is delighted to take this potential growth opportunity forward with Triumph,” Tim Gent, executive general manager QAS, 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.”
Monty Richardson, president of Triumph Aviation Services Asia, added, “TASA is excited to be working with Quickstep in Australia.
“This proposed alliance is another example of how we are getting closer to our customers across the Asia-Pacific region in order to deliver high quality and cost-effective maintenance solutions.”
The alliance is subject to the negotiation of definitive binding agreements.
The proposal comes just months after Quickstep completed its acquisition of Boeing Australia Component Repairs (BACR) — Boeing Defence Australia’s MRO capability, based in Tullamarine, Victoria.
[Related; Quickstep completes acquisition of Boeing subsidiary]
Charbel Kadib
News Editor – Defence and Security, Momentum Media
Prior to joining the defence and aerospace team in 2020, Charbel was news editor of The Adviser and Mortgage Business, where he covered developments in the banking and financial services sector for three years. Charbel has a keen interest in geopolitics and international relations, graduating from the University of Notre Dame with a double major in politics and journalism. Charbel has also completed internships with The Australian Department of Communications and the Arts and public relations agency Fifty Acres.
