Snecma Services and Airfoil Technologies International form joint venture to expand repair services
Miami, le 29 mai 2007
Snecma Services (part of the SAFRAN Group), leader in CFM56 jet engine MRO (maintenance, repair & overhaul), and Airfoil Technologies International (ATI), a leading provider of aero-engine repair services, today announced the formation of a joint venture, which will be named Propulsion Technologies International (PTI) and will be located in the Miami, Florida, facility previously known as Propulsion Technology LLC.
Propulsion Technologies International will provide world-class aero-engine component repair services with specific expertise and capability in major rotating assemblies, booster vanes, cases and frame repairs.
The creation of this new venture, uniting the strengths of two leading service providers, will offer customers a number of advantages, including expanded repair capabilities, lower repair costs and faster TAT in PTI’s specific areas of expertise. It will broaden the global service offerings of ATI and Snecma Services.
“ATI views our partnership with Snecma Services as a strengthening of our OEM relationships,” said Jeffrey D. Wood, President of Airfoil Technologies International, “Propulsion Technologies International will further broaden our engine component aftermarket capabilities and product competitiveness.”
Jean-Lin Fournereaux, Chairman and CEO of Snecma Services said “Snecma Services constantly seeks partnerships, products and services to help our customers reduce their cost of ownership, while maintaining the OEM label. We are also pleased to develop our global network of ‘Centers of Excellence’ in component repair through this new partnership.”
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