GA Telesis’ MRO Services Group has achieved a new record year in its financial metrics. As the 2021 fiscal year ends, the company reported sales and earnings above 2019 pre-pandemic levels. The stellar performance resulted from steps taken during 2020 to ensure continued supply of parts, accelerated hiring and retention practices during the pandemic, new capabilities and additional agreements entered during this year. As a result, the company’s performance considerably outpaced the return of global airline capacity signifying a substantial increase in market share and material increases in year-on-year same customer sales.
During the pandemic, the company retained 100% of its workforce to support its customer-base and tailored services to meet their immediate needs. The company also invested millions of dollars in new capabilities to secure new multi-year contracts. One key example includes the company’s expansion of its LTA with Honeywell through the end of 2028. Furthermore, GA Telesis MRO Services signed several landing gear agreements. As a result, it secured a new, multi-year contract with a US major airline as well as new component services agreements with multiple airlines globally.