pppaul3
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Joined: Wed Aug 04, 2010 8:12 am

Air France Industries: Hived Off / Selling Shares?

Wed Aug 04, 2010 8:32 am

Hey,
I just read that Aveos signed a 12y MRO contract with Air France. What about Air France Industries? Why don't they do that MRO inhouse?

I've also heard that Air France might sell 20% of the AFI shares or even hive it off completely, maybe there is a connection between those two facts?

Each piece of information would be appreciated!

greetz

paul

FYI:

Quote:
Aveos signs twelve-year Engine and Airframe Maintenance Agreements with Air France

Continues delivering on its long-term growth strategy

MONTREAL, July 26 /PRNewswire/ - Aveos Fleet Performance is pleased to announce that it has signed twelve (12) year Engine and Airframe Maintenance Agreements with Air France. This strengthens Aveos' role as a leading MRO with globally recognized engine and airframe overhaul capabilities.

Beginning July 2010, the agreements include the maintenance, repair, overhaul and related services for CFM56 engines, as well as Airbus A320, A330 and A340 aircraft.

With over 700 CFM engines serviced at the Aveos Engines Solutions center and over 20 years of experience and expertise, we have developed an excellent reputation in the global marketplace, explains Jim Andrews, Vice President and General Manager of Aveos' Engine Solutions business. Our Engine Solutions business continues to be committed to expanding in the global marketplace. We have a strong and established track record for the CFM56 family of engines and are looking forward to building a strong relationship with Air France over the coming years, providing them the level of quality and excellence for which we are renowned, confirms Jim Andrews.

Paul Heide, Vice President, Airframe Solutions affirmed we are proud of the recognition that the airframe maintenance contract brings to our organization and are excited about the opportunity to work with Air France for many years to come. Aveos' experience on these product groups continues to open the door to long-term partnerships for airframe, engine and component maintenance.

About Aveos

Aveos is a full-service maintenance, repair and overhaul (MRO) provider of airframe, engine, component and maintenance solutions. From maintenance facilities across Canada and in El Salvador, we provide integrated service solutions to over 100 customers, while focusing on building a robust network of strategic alliances. Approximately 4,150 employees remain committed to a tradition of providing world-class quality and expertise to customers across the Americas. To learn more, visit aveos.com.

SOURCE AVEOS FLEET PERFORMANCE INC.


[Edited 2010-08-04 01:48:04]
 
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Starlionblue
Posts: 17080
Joined: Fri Feb 27, 2004 9:54 pm

RE: Air France Industries: Hived Off / Selling Shares?

Wed Aug 04, 2010 10:14 am

Quoting pppaul3 (Thread starter):
I just read that Aveos signed a 12y MRO contract with Air France. What about Air France Industries? Why don't they do that MRO inhouse?

It is not always the best way to do it in house. For example if you lack capacity at the in house facility, it might be more beneficial to the group as a whole to outsource.
"There are no stupid questions, but there are a lot of inquisitive idiots." - John Ringo
 
pppaul3
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RE: Air France Industries: Hived Off / Selling Shares?

Wed Aug 04, 2010 10:36 am

But a 12y contract? I doubt that this is just coincidence...
 
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Starlionblue
Posts: 17080
Joined: Fri Feb 27, 2004 9:54 pm

RE: Air France Industries: Hived Off / Selling Shares?

Wed Aug 04, 2010 10:58 am

Long contract means they got a good deal.

No doubt there are numerous complexities involved.
"There are no stupid questions, but there are a lot of inquisitive idiots." - John Ringo
 
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kanban
Posts: 3644
Joined: Sun Jan 06, 2008 1:00 am

RE: Air France Industries: Hived Off / Selling Shares?

Thu Aug 05, 2010 2:18 am

Quoting pppaul3 (Thread starter):
even hive it off com

am not familiar with this term... would you expand on it and maybe it's origon
 
pppaul3
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Joined: Wed Aug 04, 2010 8:12 am

RE: Air France Industries: Hived Off / Selling Shares?

Fri Aug 06, 2010 7:40 am

Hey,
to hive off means to start a new company under the leadership of the mothercompany. Now AFI belongs to Air France, after hiving it off AFI would be a complete new company but Air France would still manage AFI's business.

Quote:
hive sth off phrasal verb
phrasal verb [M] UK
to separate one part of a company, usually by selling it
The plan is to hive off individual companies as soon as they are profitable.


Basically its the same like for example Lufthansa did with Lufthansa Technik.
 
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kanban
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RE: Air France Industries: Hived Off / Selling Shares?

Fri Aug 06, 2010 4:44 pm

Makes sense... thanks... I may find uses for that phrase... (the root must go back to beekeeping - which is avaition related enough to keep this post)

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