Fri, Dec 27, 2013
Sign Letter Of Intent For Joint Support Of Bombardier Airplanes
Chorus Aviation Inc. (Chorus) and GA Telesis, LLC (GA Telesis) have signed a Letter of Intent (LOI) to form a joint venture to provide supply chain solutions, including component and spare parts support, to Bombardier Q400, DHC Dash 8, and CRJ aircraft operators and maintenance, repair and overhaul (MRO) providers. The joint venture will leverage the considerable expertise of the two companies to form a world-class inventory support provider focused on regional aircraft operators. The business will initially focus on the Q400, and the parties expect to expand the joint venture's services and offerings to include other regional aircraft types.
"Our roots in aviation date back to the 1930s and today we are the world's largest Dash 8 operator," said Joseph Randell, President and Chief Executive Officer, Chorus. "This collaboration leverages our unmatched experience in regional services and GA Telesis's leadership in inventory asset management to form a world-class service provider. As we continue to evolve with the industry, we believe this venture will provide Chorus a solid platform for future expansion and diversification."
"The addition of a dedicated regional aircraft support company will further enhance our world-class portfolio of service offerings to the aviation industry," said Abdol Moabery, President and Chief Executive Officer, GA Telesis. "Our decision to align ourselves with Chorus was clear given their extensive experience operating Dash 8 and Q400 aircraft," he added. Mr. Moabery concluded that "this transaction further demonstrates GA Telesis's commitment to Intelligently Defining Aviation."
The LOI is subject to a number of conditions, including entering into a definitive agreement which is targeted to occur in the first quarter of 2014.
(Image from file)
More News
Aero Linx: International Business Aviation Council Ltd IBAC promotes the growth of business aviation, benefiting all sectors of the industry and all regions of the world. As a non->[...]
"During the annual inspection of the B-24 “Diamond Lil” this off-season, we made the determination that 'Lil' needs some new feathers. Due to weathering, the cloth-cove>[...]
Also: Bushcat Woes, Hummingbird 300 SL 4-Seat Heli Kit, Carbon Cub UL The newest Junkers is a faithful recreation that mates a 7-cylinder Verner radial engine to the airframe offer>[...]
Also: Seaplane Pilots Association, Rotax 916’s First Year, Gene Conrad After a decade and a half of struggling with the FAA and other aero-politics, G100UL is in production a>[...]
Also: Martha King Scholarship, Montaer Grows, Textron Updates Pistons, FlySto The FAA is hiring thousands of air traffic controllers, but the window to apply will only be open for >[...]