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Airlines

Name: TIMCO AVIATION SERVICES
7JetSet7 Code: ASC
Status: Operational
Region: NORTH AMERICA
City: GREENSBORO
Country: USA
Employees 3900
Web: timco.aero
Email: info@timco.aero
Telephone: +133 6 668 4410 ext 3743
Fax: +133 6 665 9011
Sita:
Background
(definitions)

JET AIRPLANE PARTS COMPANY, AND JET AIRPLANE, MAINTENANCE, REPAIR & OVERHAUL (MRO) FACILITY. FORMERLY AVIATION SALES COMPANY (ASC).

Address:
623 Radar Road
Greensboro, North Carolina
NC 27410, USA

NOVEMBER 1997: 3RD QUARTER = +$4.3 MILLION (+236%) (NET PROFIT). 9 MONTHS = +$11.3 MILLION (+$5.3 MILLION).

MARKETING AGREEMENT WITH REPUBLIC FINANCIAL CORPORATION, DENVER WHO ACQUIRED 30 737-100/-200'S FROM CONTINENTAL AIRLINES (CAL). AVIATION SALES CORP (ASC) TO DISMANTLE AIRPLANES AT FACILITY IN ARDMORE, OKLAHOMA.

JANUARY 1998: BUYS 5 747-122'S, EX-UNITED AIRLINES (UAL), TO BE BROKEN UP FOR SPARES (19876; 19877; 19878; 19879; 19883).

MARCH 1998: MERGER WITH CARRIBE AVIATION & SUBSIDIARY AIRCRAFT INTERIORS FOR $25 MILLION.

4TH QUARTER = +$5 MILLION (+61.3%). 1997 = +$16.8 MILLION (+$10.4 MILLION).

APRIL 1998: BUYS WHITEHALL CORPORATION AIRCRAFT MAINTENANCE, REPAIR AND OVERHAUL COMPANY IN DALLAS FOR $142 MILLION.

AUGUST 1998: ACQUIRES TRIAD INTERNATIONAL MAINTENANCE (TIMCO) FOR $70 MILLION TO ADD WIDE BODY WORK TO ITS PORTFOLIO, IN GREENSBORO, NORTH CAROLINA. (TIMCO) IS MODIFYING 10 767-200'S TO FREIGHTERS FOR AIRBORNE EXPRESS (AFC), WORKING WITH FLIGHT STRUCTURES ENGINEERING, SEATTLE AND CARGO HANDLING SYSTEMS SPECIALIST ANCRA. (TIMCO) HAS 540,000 SQ FT FACILITY & HAD $72 MILLION OF SALES IN 1ST 6 MONTHS OF 1998. AVIATION SALES CORPORATION (ASC) ALSO OWNS AEROCORP, FLORIDA AND WILL THEN HAVE 1.4 MILLION SQ FT OF HANGAR SPACE.

OCTOBER 1998: TOM DEASON MANAGER QUALITY CONTROL, TIM PURCELL MANAGER QUALITY CONTROL, AT HOUSTON, TEXAS. LOUIS ORLOW MANAGER TECHNICAL SERVICES.

NOVEMBER 1998: 3RD QUARTER = +$7.9 MILLION (-$3.7 MILLION). 1ST 9 MONTHS = +$17.9 MILLION (+$6 MILLION). +30% GROWTH IN CORE BUSINESS, +27% FROM COMPANIES ACQUIRED SINCE LAST YEAR.

2 A300B4-200'S (CF6-50C2) EX-PHILIPPINE AIRLINES (PAL).

JANUARY 1999: DC-9-10 (JT8D-7B), EX-NORTHWEST AIRLINES (NWA).

FEBRUARY 1999: 1998 = +$25.5 MILLION (+$4.8 MILLION).

MARCH 1999: LEASES 250,000 SQ FT EX-PACE AIRLINES (PIE)/US AIRWAYS (USA) MAINTENANCE HANGAR AT SMITH REYNOLDS AIRPORT, WINSTON-SALEM, NORTH CAROLINA, WHICH CAN HANDLE 6 NARROW BODIES & INCLUDING LANDING GEAR OVERHAUL SHOP. AVIATION SALES CORP (ASC) NOW OPERATES 1.7 MILLION SQ FT OF TOTAL HANGAR SPACE IN NORTH CAROLINA, FLORIDA, & GEORGIA.

MAY 1999: 1ST QUARTER = +$7.9 MILLION (+113.5%) RECORD! (+$3.7 MILLION).

3,700 EMPLOYEES AT FACILITIES IN ARKANSAS, GEORGIA, NORTH CAROLINA AND ITS NEW CORPORATE HQ 630,000 SQ FT AT MIAMI AND 100 SQ FT OFFICE SPACE ON 41-ACRE PARCEL AT MIRAMAR. ALL TOGETHER HAS 2 MILLION SQ FT IN MAINTENANCE HANGAR & PARTS WAREHOUSES.

JUNE 1999: 5 DC-9-15'S (47063; 47064; 47204; 47205; 47206), EX-NORTHWEST AIRLINES (NWA), FOR PART-OUT.

JULY 1999: $21.5 MILLION ACQUISITION FROM KITTY HAWK (KHC) OF CERTAIN ASSETS OF 727/(JT8D) MAINTENANCE OPERATIONS (200,000 SQ FT) AT OSCODA, MICHIGAN, INCLUDING 3 YEAR HEAVY MAINTENANCE CONTRACT OF 34 (KHC) 727'S AND 112 (JT8D) ENGINES.

AUGUST 1999: 2ND QUARTER = +$9.5 MILLION (+69.6%) RECORD! (+$5.6 MILLION).

1 A300B4-100 (CF6-50C2) (063), EX-PHILIPPINE AIRLINES (PAL) FOR CONVERSION TO FREIGHTER BY SOGERMA. A300B4-100 (069), EX-(PAL), LEASED TO AIR PROVENCE (PRN). 3 A300B4-200'S (125; 203; 219), EX-(PAL), ALSO TO BE CONVERTED TO FREIGHTER BY SOGERMA.

OCTOBER 1999: PARTED OUT DC-9-30 (47149), EX-NORTHWEST AIRLINES (NWA) AT ARDMORE, OKLAHOMA. 5-YEAR PARTS SUPPORT CONTRACT FOR AIR INDIA (AIN) 28 A300B4'S (CF6-50C2).

NOVEMBER 1999: 3RD QUARTER = +$7.3 MILLION (+$7.9 MILLION).

DECEMBER 1999: (LJH), DENNISON, TEXAS, BUYS 5.37% STAKE IN AVIATION SALES CORPORATION (ASC) FOR $19.4 MILLION ($23.95/SHARE).

FEBRUARY 2000: 2 727-200'S (19700; 19701), EX-AMERICAN AIRLINES(AAL). 1 A300B4-100 (069), EX-PHILIPPINE AIRLINES (PAL), SOLD TO EAGLE AVIATION, SAUDI ARABIA.

APRIL 2000: 1999 = -$21.7 MILLION (+$25.5 MILLION).

TO SELL 4 A300'S & MOVE HQ FROM MIAMI TO MIRAMAR, FLORIDA.

1ST QUARTER = -$1.6 MILLION (+$7.9 MILLION).

JUNE 2000: 3 A300B4-200F'S, LEASED TO KHALIFA AIRWAYS (KHZ).
2 727-223'S (1185-20991, /76 62 40, N850AA; 20988, N847AA), EX-AMERICAN AIRLINES (AAL).

JULY 2000: SELLS 3 A300B4F'S FOR $12 MILLION EACH TO AN AFFILIATE OF AEROLEASE CORPORATION.

AUGUST 2000: 1 727-223 (1141-20988, /75 65 42, N847AA), EX-
AMERICAN AIRLINES (AAL).

2ND QUARTER = -$31.2 MILLION (+$9.5 MILLION).

NOVEMBER 2000: SELLS ITS AIRCRAFT PARTS REDISTRIBUTION OPERATIONS TO KELLSTROM INDUSTRIES, SO AS TO FOCUS ON ITS CORE MAINTENANCE REPAIR & OVERHAUL (MRO) BUSINESS. FORMS JOINT VENTURE COMPANY CALLED KAV INVENTORY. THIS TRANSACTION, PLUS SALE OF 3 A300'S SHOULD DELIVER $150 MILLION TO AVIATION SALES CORPORATION (ASC). (ASC) WILL CONSIST OF ITS 6 (MRO) BUSINESSES.

3RD QUARTER = -$82.3 MILLION (+$7.3 MILLION), INCLUDING -$11.8 MILLION FROM DISCONTINUED OPERATIONS AND -$42.7 MILLION CHARGE RELATING TO DISPOSITION OF CERTAIN OPERATIONS.

DECEMBER 2000: ALLOWS ITS 23% STOCKHOLDER, (LJH) CORPORATION TO INCREASE ITS STAKE TO 30%. (LJH) IS OWNED BY LACY J HARBER, DENNISON, TEXAS. ITS 6 (MRO) BUSINESSES ARE: (TIMCO), NORTH CAROLINA (AIRPLANE HEAVY MAINTENANCE); AEROCELL STRUCTURES, ARKANSAS (AIRFRAME COMPONENTS); CARIBE AVIATION, FLORIDA (HYDRAULIC/PNEUMATIC/ELECTRICAL COMPONENTS); AIRCRAFT INTERIOR DESIGN, FLORIDA (INTERIORS); (TIMCO) ENGINE CENTER, MICHIGAN (JT8D'S); & (TIMCO) ENGINEERING SYSTEMS, NORTH CAROLINA (ENGINEERING).

APRIL 2001: 2000 = -$211.6 MILLION (-$21.7 MILLION). REDUCED EMPLOYMENT FROM 4,300 TO 3,900 AND TEMPORARILY CLOSED ITS OSCODA, MICHIGAN, HEAVY MAINTENANCE FACILITY.

JUNE 2001: SELLS ITS CARIBE AVIATION COMPONENT REPAIR OPERATIONS TO HAMILTON SUNDSTRAND FOR $34 MILLION (INCLUDING MIRAMAR, FLORIDA FACILITY FOR $8.5 MILLION). AVIATION SALES CORPORATION (ASC) IS FOCUSING ON COMMERCIAL AIRPLANE HEAVY MAINTENANCE. ITS (TIMCO) ENGINEERED SYSTEMS DIVISION RECEIVES $17 MILLION CONTRACT FROM ALITALIA (ALI) TO REVAMP CABINS OF 9 767-300ER'S AT ITS GREENSBORO, NORTH CAROLINA, FACILITY BY FEBRUARY 2002.

JULY 2001: ROY RIMMER CHAIRMAN & (CEO).

SEPTEMBER 2001: GIL WEST EXECUTIVE VP & (CEO).

OCTOBER 2001: ITS (TIMCO) MAINTENANCE SUBSIDIARY GETS (FAA) OK FOR ITS SECURE COCKPIT SYSTEM DESIGN.

NOVEMBER 2001: (TIMCO) DIVISION SIGNS 5-YEAR, $60 MILLION HEAVY MAINTENANCE CONTRACT ON (UPS) A300-600F AND DC-8 ALREADY MAINTAINED AT ITS GREENSBORO, NORTYH CAROLINA, CENTER,

DECEMBER 2001: 3RD QUARTER 2001 = -$40.4 MILLION (-$82.3 MILLION): DUE TO WRITEDOWNS ON JOINT VENTURES WITH KELLSTROM (PARTS) AND HAMILTON AVIATION (727 CONVERSIONS). IT RELOCATED ITS HQ TO GREENSBORO, NORTH CAROLINA. (TIMCO) DIVISION HAS 2-YEAR $17 MILLION CONTRACT FOR AIRBORNE (ABX) HEAVY MAINTENANCE AMD MODIFICATIONS FOR 20 767-200'S & 35 DC-8'S. IT HAS WORKED WITH (ABX) SINCE 1990.

FEBRUARY 2002: AVIATION SALES CORPORATION (ASC)'S (TIMCO) DIVISION, TEAMS UP WITH (AIM) AVIATION, RENTON, WASHINGTON (AN AIRPLANE INTERIORS SPECIALIST) TO OFFER OPERATORS, CUSTOMISABLE FLIGHT DECK SECURITY ENHANCEMENT KITS PER THEIR SUPPLEMENTAL TYPE CERTIFICATE (STC) MODIFICATION AUTHORITY.

MARCH 2002: HAS SHAREHOLDER APPROVAL FOR RESTRUCTURING PLAN INCLUDING REVERSE STOCK SPLIT, NEW SHARES, AND SUBORDINATED NOTE EXCHANGE; NAME TO CHANGE TO "(TIMCO) AVIATION SERVICES." Note: Triad International Maintenance Corporation (TIMCO).

August 2004: Brice Manufacturing Company, a wholly owned subsidiary of (Timco) Aviation Services, completed the installation of a convertible seat product on Luxair's (LUX) new 737-700's. In September 2004, will deliver convertible seats to Boeing (TBC) for line installation on 15 new Air Europa (ARE) 737-800's. Also was awarded a contract from Iberworld Airlines (IBW) for interior reconfiguration of its A330-200's, and was selected by America West (AMW) for its 22 new A319/A320 fleet interior seat renewal program with the possibility of follow-up work to retrofit a number of airplanes in its current fleet. Additionally, (Timco) renewed its multiple-year contract with America West Airlines (AMW) for heavy maintenance of its 737, 757, & A319/A320 fleets.

March 2007: Triad International Maintenance Corp (TIMCO) (ASC) is working to diversify its operations, while expanding into new parts of the world since being taken private in a financial transaction completed last December, according to Executive VP & (CMO) R Gene House, who joined the company last July after >4 decades with United Airlines (UAL). House's boss, President & (COO) (Ron) Utecht, is also a (UAL) alumnus with 39 years with the airline. House said recently that the long-term goal is to have about 1/3 of the company's business in commercial airframes, 1/3 from the military, and 1/3 from engineering activities such as modifications, interior re-configurations, In-Flight Entertainment (IFE) integration and the like. Currently, "we do a modest but respectable amount of military work," he said. In addition to its heavy maintenance activities, (TIMCO) (ASC) offers line maintenance at 6 locations in the USA. It also owns seat-maker Brice Seating, which will do about 25,000 seats this year.

(TIMCO) aims to "become more global," has initiatives underway in China and India to boost its presence there and is looking at opportunities in Latin America. "We must," House said simply. The goal is "to become recognized globally as one of the premier suppliers" of (MRO) services. He emphasized that under Chairman & (CEO) John Cawthron, who has a controlling interest in the company, (Timco) (ASC) is working hard to demonstrate that it is dedicated to meeting the needs of customers, while at the same time not making commitments it cannot keep. "A company like (TIMCO) (ASC) does not have the right to take risk on behalf of customers," he said.

May 2007: (TIMCO) Aviation Services (ASC) announced that Leonard Kazmerski joined the company as VP Marketing & Business Development.

June 2007: (Timco) Aviation Services (ASC)'s Brice Manufacturing subsidiary was selected by Boeing (TBC) as the exclusive supplier of courier seats for new 747-8 and 777F freighters.

December 2007: (TIMCO) Aerosystems (ASC) won (FAA) Supplemental Technical Certification (STC) authority for the lower lobe crew rest unit on 767s.

August 2008: (TIMCO) Aviation Services (ASC) said Icelandair (ICE) selected it to perform "C" maintenance checks on 757s. The 1st check took place last month at (TIMCO) (ASC)'s Macon facility.

April 2009: (Timco) Aviation Services (ASC) will provide line maintenance transit checks for Icelandair (ICE) at Minneapolis/St Paul.

(ASC) announced a deal to provide daily operational coverage and overnight line maintenance for United Airlines (UAL) in San Jose, California. In addition, its Aerosystems division was chosen by (LAN) Airlines to replace the lavatories on its 767s.

(ASC) and Hindustan Aeronautics (HAL) signed a joint venture agreement to provide Maintenance Repair & Overhaul (MRO) in India and the "neighboring region," focusing on scheduled "C" maintenance checks and heavy maintenance services for operators of Airbus (EDS) and Boeing (TBC) narrow bodies. They plan to operate out of a facility at (HAL)'s Bangalore complex and said they are "assessing groundbreaking schedule alternatives with a focus on the shifting growth outlook for the Indian and regional fleets."

August 2009: (Timco) Aviation Services (ASC) announced that its Aerosystems subsidiary was awarded Organization Delegation Authorization (ODA) from the USA (FAA). (ASC) said it was "the 1st major airplane maintenance and modification provider to be appointed as a Supplemental Type Certificate (STC) and Parts Manufacturing Approval (ODA)."

September 2009: (Timco) Aviation Services (ASC) will provide on-call line maintenance services for USA 3000 Airlines (USX) A320s at all current (Timco) line locations.

October 2009: (Timco) (ASC) signed a 5-year contract with Thomson Airways (TFY)/(ATZ) covering maintenance and modification on its 767-300s. The contract includes a 2-year option. In the 1st year of the program, (Timco) (ASC) will install (APB) 767 winglets and new in-flight entertainment systems on the 767-300s.

April 2010: Brian Haines VP Sales & Marketing.

(Timco) Aviation Services (ASC) transitioned its line support operations into (Timco) LineCare, a new standalone business unit. The LineCare facilities, currently at 21 airports "where [some airlines] don't have assets in place or where self-support operations cannot be justified," offers line maintenance services as well as cabin maintenance and refurbishment. (Timco) (ASC) said it plans to open more locations in the near future.

June 2010: (Timco) Aviation Services (ASC) opened its 3rd line maintenance support station in the last 2 months at Panama City-Bay County International, following the launch of (Timco) LineCare stations at Boston Logan and Denver. It launched the standalone business unit in April.

September 2010: (TIMCO) Aviation Services (ASC) will expand its Macon, Georgia airframe facility to include 767 wide body airplanes. It has serviced narrow body airplanes including 737s, 757s and A320s at the site since 1998.

(TIMCO) Aviation Services signed an agreement with US Airways (AMW)/(USA) to provide base maintenance services for its 767 fleet beginning later this year.

March 2011: (TIMCO) Aviation Services (“TIMCO”) (ASC) announced a transition in leadership effective 1 April. Kevin Carter will assume full responsibilities as Chief Executive Officer (CEO), in a capacity he has shared with Ron Utecht over the past two and a half years. Mr Utecht will transition from his formal leadership role into a senior advisory role with the company. In addition, Bill Norman will join (TIMCO) (ASC) as the company’s new President of Maintenance Repair & Overhaul (MRO) Services, leading the company’s airframe and engine (MRO) operations as well as its (TIMCO) LineCare™ business.

Rick Salanitri will continue to lead (TIMCO) Aerosystems as its President, and Elizabeth Taylor will continue to manage (TIMCO) Human Resources (HR) and legal functions as Executive Vice President & General Counsel. Lee Fox will continue in his role as Treasurer, and will also be assuming new responsibilities as (TIMCO)’s Chief Financial Officer (CFO).

Prior to serving as Co-(CEO), Mr Carter held a series of positions at (TIMCO) with increasing responsibilities, including (CFO) & Chief Administrative Officer. He is widely respected for his expertise in corporate financial management and capital markets, and he is credited with having played a key part in bolstering (TIMCO)’s fiscal strength and diversifying its business focus in the (MRO) and interiors manufacturing markets.

Mr Norman brings a wealth of experience in airplane maintenance to (TIMCO). He most recently led the operations of a global (MRO) provider as its General Manager. Previously, he fulfilled a variety of leadership roles at United Airlines (UAL), culminating as Senior Vice President of Maintenance Operations with responsibility for all global technical operations and 10,000 employees. Mr Norman also launched an aviation consulting business and has served as Director on the boards of a number of aerospace companies.

October 2011: American Airlines (AAL) has notified its Transport Workers Union (TWU) in Tulsa that (AAL) will outsource heavy maintenance on 4 757 airplanes by November 1. The 757 work will be performed by (TIMCO) Aviation Services (ASC), an independent airplane maintenance, repair and overhaul (MRO) provider in Greensboro, North Carolina.

It should be noted that this is work on only 4 of 124 (AAL) 757s, which means (TWU) employees will still handle nearly 97% of (AAL) airplane maintenance.

The 757 heavy maintenance, or "C checks," normally are performed at (AAL)'s Maintenance & Engineering (M&E) Center at Tulsa International Airport, and the work takes from 3 to 4 weeks to complete. The situation is being watched closely by local civic leaders because (AAL) employs >7,000 people in Tulsa. The (M&E) center positions, especially, are considered high-wage jobs with good benefits.

The 757 "C" checks, which involve stripping flooring, seats, panels, overhead bins, communications and entertainment systems from the plane so every component can be inspected and tested, can be performed in (AAL) Tulsa in 22 to 30 days. (TIMCO) (ASC) is scheduled to do the 757 heavy maintenance in 35 days.

November 2011: (TIMCO) Aerosystems (ASC) formally opened its new 120,000 sq ft airplane interiors manufacturing facility in Wallburg, North Carolina.

April 2012: AirVault named former TIMCO (ASC) Chairman, President, and co-(CEO), Ronald Utecht to the AirVault Advisory Board. It also named former Boeing Shanghai Aviation Services, VP & (CEO) James Brunke to the Advisory Board.

May 2012: (TIMCO) Aviation Services (ASC) named Pete Laszcz, General Manager Greensboro Airframe Maintenance, Repair & Overhaul Operations, replacing Mike Anderson who is leaving the company. Laszcz has previously held leadership positions with Northrop Grumman (GRU) and American Airlines (AAL).

August 2012: (TIMCO) Aviation Services named Mark Davis, Senior VP Maintenance Repair & Overhaul (MRO) Sales. Davis has been with (TIMCO) since 2008.

September 2012: (TIMCO) Aerosystems (ASC) has USA (FAA) approval for its new sled test facility at its Wallburg, North Carolina location. The (FAA) found the site compliant with regulatory codes 14CFR25.562 and 14CFR23.562 for testing airplane seats.

October 2012: (TIMCO) Aviation Services (ASC) signed a Memo of Understanding (MOU) with four technical colleges in Georgia, USA for a co-op program to provide students with paid, hands-on-training in the repair and inspection of commercial airplanes.

November 2012: (TIMCO) Aviation Services (ASC) purchased the assets of (PEMCO) World Air Services airplane maintenance, repair & overhaul (MRO) operation at Cincinnati-Northern Kentucky International Airport. It has leased the hangar previously occupied by (PEMCO) to serve regional airplane operators at the facility.

December 2012: (PEMCO) has relocated its USA Product Support and Spares Sales departments from Dothan, Alabama to its headquarters in Tampa, Florida. All staff, excluding Spare Parts and (AOG) Sales will remain with the team.

January 2013: (PEMCO) World Air Services (ASC) completed its 200th airplane re-delivery for JetBlue Airways (JBL). It is the Maintenance, Repair & Overhaul (MRO) provider’s 500th total re-delivery at its Tampa, Florida facility.

March 2013: (PEMCO) World Air Services (ASC) completed and delivered its 10th converted airplane for China Postal Airlines (CPZ), an 11-position 737-400F.

June 2013: (TIMCO) Aerosystems (ASC) has installed its FeatherWeight economy (Y) and premium economy (PY) seats on the 1st 787 airplane that was delivered to Thomson Airways (ATZ)/(TFY), part of the (TUI) Travel group (TUG). The delivery is the 1st of 8 787s (ATZ)/(TFY) has on order, and the 1st to be delivered to a UK airline.

August 2013: (TIMCO) Aviation Services (ASC) and Guilford Technical Community College announced that 20 graduates of Guilford’s Aviation Systems Technology Program started employment at (TIMCO) (ASC) on August 1.

Brazil’s Agência Nacional de Aviação Civil (ANAC) has approved (PEMCO) World Air Services’ 737-300/400 passenger-to-freighter modifications.

October 2013: Hong Kong Aircraft Engineering Company (HAECO) (CAT) has signed an agreement to buy USA Maintenance Repair & Overhaul (MRO) provider (TIMCO) Aviation Services (ASC) in a $390 million cash deal. In a joint statement, the companies said the acquisition is expected to be completed in the 1st quarter of 2014.

(HAECO) (CAT) is based in Hong Kong and is a Swire Group company. Swire also owns Cathay Pacific Airways (CAT). (TIMCO), headquartered in Greensboro, North Carolina provides airplane technical services, including airframe, line and engine maintenance, cabin modification services, seats and interior products manufacturing.

(HAECO) (CAT) Chairman Christopher Pratt said, “the acquisition of (TIMCO) (ASC) will expand (HAECO)’s operations and broaden its sources of revenue. We believe that the business and operations of (TIMCO) will fit well strategically with the existing business of (HAECO). In combination, they will be able to offer enhanced airplane maintenance and cabin modification services to a wider range of customers. Additionally, the (HAECO) Group will be able to accelerate the development of technical capabilities, while providing a comprehensive range of products, including for narrow body and regional airplanes.”

(PEMCO) World Air Services (ASC) and (AERGO) Cargo Solutions completed the 3rd 737-400F of a 20-airplane conversion deal.

January 2014: (PEMCO) World Air Services (ASC) has a new multi-year contract with JetBlue Airways (JBL) for heavy maintenance services on Airbus 320s for up to 5 years. Beginning in 2014 with up to 2 lines of A320 heavy maintenance, the new (JBL) program will support 200 Tampa-based employees. Over the past 4 years, (PEMCO) and (JBL)’s Technical Operations team have completed nearly 250 maintenance visits in Tampa.

(TIMCO) Aviation Services (ASC), which (HAECO) (CAT) is acquiring, has signed a new contract with JetBlue Airways (JBL) for Maintenance Repair & Overhaul (MRO) on Airbus A320s for 3 years, effective January 1st, with a 2-year extension option. The work includes scheduled airframe maintenance and support for unplanned maintenance events and needs. All work will be performed in Lake City, Florida.

(PEMCO) World Air Services (ASC) has partnered on Boeing 737F freighter conversions with (COOPESA) (COO).

February 2014: Hong Kong Aircraft Engineering Company (HAECO) (CAT) has completed acquisition of (TIMCO) Aviation Services (ASC).

May 2014: (PEMCO) World Air Services (ASC) has delivered a Boeing 737-400F to Brazil's Rio Linhas Aéreas (RIL). The 11-pallet freighter was converted at (PEMCO)’s Costa Rican conversion operation at (COOPESA) (COO).

June 2014: (TIMCO) Aviation Services (ASC), a subsidiary of the Hong Kong Aircraft Engineering Company, has begun interior-modification work on the 1st Bombardier CRJ200 in a fleet operated by a leading North American airline.

July 2014: (PEMCO) World Air Services (ASC) delivered a Boeing 737-400 passenger-to-freight conversion to SwiftAir (SWF) partner, Air Ghana in May. It is the 1st of several converted freighters planned for delivery over the next 3 years. The 11-pallet freighter was converted at (PEMCO)’s headquarters in Tampa, Florida.

August 2014: (PEMCO) World Air Services (ASC) has redelivered three more Boeing 737-300Fs freighters to Yangtze River Express (YTH) over the past several weeks.

(TIMCO) Aviation Services (ASC), a subsidiary of Hong Kong Aircraft Engineering Company (HAECO), has named Jim Sokol as President of (MRO) Services. Jim has 33 years of experience in the airplane maintenance industry, most recently as VP Maintenance Operations for Southwest Airlines (SWA).

August 2015: (PEMCO) World Air Services has redelivered a 737-300QC Quick Change modification. The 1998 airplane was converted in Tampa for Automatic, a leasing company, and is operated by Mistral Air (MSA).

January 2016: News Item A-1: (PEMCO) World Air Services has redelivered a Boeing 737-300F to Ireland-based, Kahala Aviation.

News Item A-2: (PEMCO) Aviation Maintenance has named Douglas Ragsdale as Director of Quality.

February 2016: (PEMCO) World Air Services has agreed with Salam Aviation for the conversion of a Boeing 737-400 from passenger configuration to full freighter.

March 2016: (PEMCO) World Air Services completed fiscal year 2015 improving many metrics. (MRO) hours increased +24% on a year-over-year basis. Gross profit margin improved by +45%. On the cargo side, (PEMCO) delivered conversions to new as well as ongoing operators. Entering 2016, (PEMCO) signed a new heavy maintenance contract with a low-cost carrier (LCC) and a modification contract with a major USA carrier.

May 2016: (PEMCO) World Air Services (ASC) has redelivered a 737-300F airplane to China-based (SF) Airlines (SFX), the air cargo division of (SF) Express. The freighter, converted by (PEMCO)’s partner (STAECO) in Jinan Shandong, China, marks the 14th redelivery of a 737-300/400 to (SF) Airlines (SFX) since 2013. (SF) Airlines (SFX) plans to add +5 more (PEMCO) converted airplanes to their cargo fleet this year.

August 2016: Pemco World Air Services (PEMCO) (ASC) announced the redelivery of its 100th Boeing 737-300 converted airplane, which was modified for (SF) Airlines (SFX), the air cargo division of (SF) Express. The 100th 737-300 conversion marks the 16th 737-300/-400 (PEMCO)-converted airplane for (SFX) with +3 more planned in 2016.

January 2017: Wilmington, Ohio-based Air Transport Services Group (ATSG), parent of cargo carriers (ABX) Air and Air Transport International, has acquired Tampa, Florida-based (PEMCO World Air Services (ASC). (PEMCO) (ASC) offers heavy maintenance, repair and overhaul (MRO) services to airlines, and also is a leading provider of passenger-to-freighter conversions on narrow body airplanes with a focus on 737-300 and 737-400 conversions.

July 2017: (GAMECO) (GUN) was appointed by (PEMCO) (ASC) as a Boeing 737-300/-400/-700 conversion center.

Fleet:
(definitions)

December 2017:

3 727-223 (JT8D) (19700; 19701), EX-(AAL) 2000-02, 20991 TO (MXC) 2000-08.

1 727-223 (JT8D) (1141-20988, /75 65 42, N847AA), EX-(AAL) 2000-08.

30 737-100/-200 (JT8D), EX-(CAL), TO BE DISMANTLED FOR PARTS.

5 747-122 (JT9D), EX-(UAL), TO BE BROKEN UP FOR SPARES.

1 DC-9-10 (JT8D-7B), EX-(NWA) 1999-01.

0 DC-9-15 (47063; 47064; 47204; 47205; 47206), EX-(NWA), 5 PARTED OUT 1999-06.

0 DC-9-30 (47149) PARTED OUT 1999-10 AT ARDMORE OK.

1 A300B4-100 (CF6-50C2), EX-(PAL) 1998-11 (063), SOGERMA TO CONV TO F, 069 ST EAGLE AVIATION 2000-02, FOR SALE.

0 A300B4-200 (125; 203; 219), EX-(PAL), SOGERMA CONV TO F, LSD (KHZ) 2000-06, ALL ST AEROLEASE CORP 2000-07.

Management:
(definitions)

Click below for photos:
ASC-3-BILL NORMAN - 2013-04
ASC-3-Jim Sokol.jpg

JOHN CAWTHRON, CHAIRMAN.

KEVIN CARTER, CHIEF EXECUTIVE OFFICER (CEO) (2011-03).

JIM SOKOL, PRESIDENT (TIMCO) AVIATION SERVICES MAINTENANCE REPAIR & OVERHAUL (MRO) SERVICES (2014-08).
Jim has 33 years of experience in the airplane maintenance industry, most recently as VP Maintenance Operations for Southwest Airlines (SWA).

BILL NORMAN, PRESIDENT (TIMCO) COMMERCIAL MAINTENANCE REPAIR & OVERHAUL (MRO) SERVICES, EX-(UAL) (2011-03).
Bill most recently led the operations of a global (MRO) provider as its General Manager. Previously, he fulfilled a variety of leadership roles at United Airlines (UAL), culminating as Senior Vice President of Maintenance Operations with responsibility for all global Technical Operations and 10,000 employees. Bill also launched an aviation consulting business and has served as Director on the boards of a number of aerospace companies.

RICK SALANITRI, PRESIDENT (TIMCO) AEROSYSTEMS (2011-03).

RON UTECHT, PRESIDENT & CHIEF OPERATING OFFICER (COO), EX-(UAL), TRANSITIONED TO A SENIOR ADVISORY ROLE (2011-03).

LEE FOC, CHIEF FINANCIAL OFFICE (CFO) & TREASURER (2011-03).

R GENE HOUSE, EXECUTIVE VP & CHIEF MARKETING OFFICER (CMO), EX-(UAL).

MS ELIZABETH TAYLOR, EXECUTIVE VP HUMAN RESOURCES (HR) & GENERAL COUNSEL (2011-03).

PETE LASZCZ, GENERAL MANAGER GREENSBORO AIRFRAME (MRO) OPERATIONS EX-((AAL)/(GRU) (2012-05).

JACK AREHART, SENIOR VP BUSINESS DEVELOPMENT (2002-02).

MARK DAVIS, SENIOR VP MAINTENANCE REPAIR & OVERHAUL (MRO) SALES (2012-08).

PAUL HAWTHORNE, VP QUALITY ASSURANCE (QA), EX-(FED).

BRIAN HAINES, VP SALES & MARKETING (2010-04).

LEONARD KAZMERSKI, VP MARKETING & BUSINESS DEVELOPMENT (2007-05).

DOUGLAS RAGSDALE, DIRECTOR QUALITY, (PEMCO) AVIATION SERVICE (2016-01).

LOUIS ORLOW, MANAGER TECHNICAL SERVICES (1998-10).

TOM DEASON, MANAGER QUALITY CONTROL (QC) (1998-10).

TIM PURCELL, MANAGER QUALITY CONTROL (QC), HOUSTON TEXAS (1998-10).

 
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