NORDAM and China Airlines announce joint venture

NORDAM and China Airlines have signed a joint venture agreement to establish NORDAM Asia Limited, a company to repair and overhaul structural aircraft components for the China Airlines fleet and for other airlines in the Asia-Pacific region. For NORDAM, the partnership brings a consistent baseload of work from China Airlines and its affiliates which include Tigerair Taiwan and Mandarin Airlines, while affording proximity to regional customers as a strategic objective of the company’s maintenance, repair and overhaul business in the Asia-Pacific region. For China Airlines, the flag carrier and largest airline of the Republic of China (Taiwan), the agreement in-sources control of critical competencies while upgrading proficiencies; reduces labor and transportation costs; expands its share of the third-party maintenance, repair and overhaul market; and promotes development of the aviation and aerospace sector in Taiwan.
NORDAM Asia Limited also will leverage the China Airlines Cargo freighter network for freight-cost advantages and China Airlines status to pursue more economical raw-material purchases and spare-parts pricing, and will benefit from NORDAM’s industry alliances and existing network of sales representatives in Asia Pacific.