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Press Release

17/06/2009 - AFI acquires a majority position in Aero Maintenance Group (AMG)


Air France Industries increased its shareholding in Aero Maintenance Group (AMG) up to 81.39%. This component support specialist is a market leader in the United States. He has been a long-standing partner with Air France Industries and KLM Engineering & Maintenance (AFI KLM E&M) maintenance operations.

By taking majority control of the US company, AFI KLM E&M is boosting its ability to operate from AMG?s strategic platforms in Miami, Atlanta and Dallas. This allows the AFI KLM E&M global MRO network to be closer to an increased number of operators in the region, and to extend its capabilities and know-how in the different fields of components repair technologies.

The AMG Group performs a large family of component repairs via its four subsidiaries: Aero Technologies (Miami), for components support in pneumatic, hydraulic, avionics and electro-mechanical components repairs and overhauls; Air Pro (Miami), for the supply and installation of cabin safety equipment; Precision Electronics (Atlanta), for the maintenance and repair of electronic instruments and accessories; and Flite Components (Dallas), for composite and sheetmetal repairs as well as starter generators, fuel and hydraulic pumps overhaul.

For AFI President, Alain Bassil "this majority position enables AFI KLM E&M to consolidate its presence and market share in the Americas. It consolidates a long-term partnership with a highly skilled and performing Company, AMG which was initiated in 2004, and also allows us to bring more services to operators, offering enhanced proximity, reactivity and flexibility."

Ben Quevedo, AMG Group CEO, said: "Aero Maintenance Group has grown quickly in the last few years with the support of AFI KLM E&M, serving many customers in the commercial and regional components business both in North America and South America. Our plan is to continue to do so."


About AFI KLM E&M

Air France Industries and KLM Engineering & Maintenance, which joined forces following the Air France KLM merger, are world-leading multi-product MRO (Maintenance, Repair, Overhaul) providers with a joint workforce of 14,000, offering comprehensive repair capability, integration expertise, component pool operational support and a powerful logistics network. Together they support more than 1230 aircraft and serve upwards of 150 major international airlines.


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