Ameco Beijing expands international airframe overhaul business

Ameco Beijing completed two Boeing 737-800 C-checks for Nok Air in June. It is the first time for Ameco to provide overhaul services for Nok Air. Nok Air is a new low-cost airline with one of the highest number of domestic routes now within Thailand. In recent years, Ameco is dedicated to expanding the 3rd party international airframe overhaul business. Besides Nok Air, Ameco has already built up new cooperation with customers such as MEGA Maldives Airlines, Business Air, ACT Airlines and T’way Air since 2012. At the same time, Ameco also keeps long-term relationship in heavy maintenance with the airlines from North America, Europe, Russia/CIS, and Asia Pacific area. Moreover, on April 16, Ameco signed three Boeing 747 heavy maintenance contracts with Southern Air at MRO Americas that further enlarges Ameco’s North America customer group. Ameco Beijing’s annual turnover in airframe overhaul services saw a sustainable growth these years. Based on statistics, Ameco’s revenue in airframe overhaul for the 3rd party international customers increased by CAGR 20% in the past five years. In particular, the revenue for the 3rd party international airframe overhaul services saw a sharp rise of 29% in 2010 and 55% in 2011 with the proportion almost 59% and 78% in total airframe overhaul workload. It kept a steady growth of 5% in 2012.