Airborne Maintenance and Engineering Services (AMES), a subsidiary of the Air Transport Services Group (ATSG), has acquired PEMCO World Air Services (PEMCO).
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.”
PEMCO was a privately held provider of outsourced heavy maintenance, repair and overhaul (MRO) aircraft services and passenger-to-freighter aircraft conversions based in Tampa, Florida, USA. ATSG did not assume any PEMCO debt in connection with the acquisition.
ATSG will use the acquisition to combine operational strengths, expand capabilities and generate cost savings through shared services. It will market the services established by both organisations worldwide as part of a comprehensive set of ATSG solutions.
Locations will include 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.