10/28/2018 | Press release | Distributed by Public on 10/28/2018 02:55
UAE-based MRO services provider lands in South American market and secures first contract with LATAM Airlines
Santiago, Chile Turbine Services & Solutions (TS&S), a leading maintenance, repair and overhaul (MRO) provider for gas turbines and driven equipment that is wholly owned by Mubadala Investment Company PJSC (Mubadala), has secured a contract to service V2500 engines on the LATAM Airlines Group Airbus A320 fleet. The announcement was made in Santiago in the presence of H. E. Abdulrazzaq Mohamed Hadi, UAE Ambassador to the Republic of Chile.
Building on its successful global partnerships in South East Asia (Asiana Airlines), and in the Middle East and North Africa regions (Atlasglobal and Yemen Airways), TS&S continues to deliver another milestone in its ever-expanding global footprint with a newly formed alliance in South America. The Abu Dhabi-based MRO has a consistent track-record of delivering high quality, reliable and on-time services to a growing global client base. Commenting on the growing developments of the company, Mansoor Janahi, Acting CEO at TS&S, said: 'It is with great honor that we been selected to partner with the largest airline in South America, and one of the top airline groups in the world. This collaboration is a testament to our competitive V2500 engine services program, and we look forward to increasing the scope of our cooperation in the future.'
The engine repair and overhaul operations will be performed at the TS&S complex based in Abu Dhabi. The facility acts independently as a third-party service provider to IAE's global Original Equipment Manufacturer (OEM) customers and has inducted over 175 V2500 engines since 2014 with an average 21% year on year increase.
Oscar Aguayo, VP Fleet Management, LATAM Airlines Group, said: 'LATAM Airlines is excited to start this new relationship with TS&S. We look forward to working with TS&S and using their knowledge and expertise to manage our V2500 fleet in a cost-effective way to support our growing fleet plans.'