Strong growth for Aerostar's commercial aviation MRO business prompts expansion plans

Romanian aerospace company Aerostar S.A, is demonstrating continued strong growth in its commercial aircraft MRO business and is planning a further expansion to meet customer demand. The company is in the final stages of negotiating with the airport authorities at Iasi in northern Romania to build a new 4-bay MRO hangar for Airbus A320 family and Boeing 737 Classic and New Generation overhauls and anticipates this new facility will open for business in the summer of 2019. The new facility is 130 km north of Aerostar’s exiting business operations at Bacau. Since diversifying into commercial aviation MRO activities nearly 13 years ago, Aerostar has steadily built up a strong and growing customer base from airlines in Europe, the Middle East, and Africa. During 2016 a total of 80 aircraft completed ‘C’ and ‘D’ Checks at Bacau. Since the company moved into commercial aviation MRO activities around 500 aircraft from around 30 airlines have been overhauled at Bacau. Airlines such as Royal Air Maroc and Pegasus Airlines are also among current customers who have contracted maintenance services from Aerostar for several years. Aerostar’s aim is to develop, in addition to the current yearly maintenance contracts, mid- and long-term framework agreements.