Pemco World Air Services reported the purchase of substantially all of the tooling, equipment, and inventory of ExelTech Canada, a North American provider of MRO services to the regional airline industry. ExelTech operated hangars in Montreal and Quebec City where it offered comprehensive repair services to operators of Embraer E-Jets and 135/145s, Bombardier CRJ, Q-series, Dash 8, ATR, and Saab regional aircraft. ExelTech commenced reorganization procedures in early February and discontinued normal operations shortly thereafter, largely due to US-Canadian currency fluctuation on its predominantly US customer business.
Pemco intends to utilize the assets and know-how of ExelTech to expand its US regional aircraft MRO services beyond its current CRJ700 activities. Pemco is considering restarting regional operations in Canada, but is finalizing US site selection.
