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Airlines

Name: SR TECHNICS UK
7JetSet7 Code: ATD
Status: Currently Not Operational
Region: EUROPE
City: STANSTED
Country: ENGLAND
Employees 3500
Web:
Email: sales@flsaerospace.com
Telephone:
Fax:
Sita: STNLN7X
Background
(definitions)

Click below for data links:
ATD-NEWSJUL04
ATD-NEWSJUN04A
ATD-NEWSJUN04B

FORMERLY AVIATION TRADERS. JET AIRPLANE MAINTENANCE REPAIR & OVERHAUL (MRO) STATION. MAINTENANCE CONTRACTOR. MANY EX-DAN AIR (DAN) STAFF.

MAY 1995: IN "AIRCRAFT MAINTENANCE INTERNATIONAL" MAGAZINE, BOB SOUTHGATE OF FLS AEROSPACE, MANCHESTER STATED "WE CAN OBTAIN BOEING COMPONENTS FROM SEATTLE MUCH QUICKER THAN WE CAN GET A320 PARTS FROM AIRBUS AIR SPARES, HAMBURG."

JANUARY 1996: SHEDDING 320 OF ITS 670 MAINTENANCE WORKERS.

APRIL 1996: MARTIN WINGAR, TECHNICAL MANAGER RESIGNED & REPLACED BY ROB THOMPSON, ENGRG DEVELOPMENT MANAGER.

SEPTEMBER 1996: WILHELM HAHN-PETERSEN, CEO, STEFAN HARPOF, CHAIRMAN.

OCTOBER 1997: MAINTENANCE CONTRACT FOR "C" CHECKS, ON AIR EUROPA (ARE) 17 737-300/-400'S, & 3 757'S (10/97 - 3/98).

JANUARY 1998: POSSIBLE PURCHASE OF TEAM AER LINGUS (TEL) FROM AER LINGUS (ARL). $30M, 3 YEAR, HEAVY MAINTENANCE CONTRACT, FOR CONTINENTAL AIRLINES (CAL) DC-10'S.

MARCH 1998: MYTRAVEL (PRH) MAINTENANCE CONTRACT AT FLS AEROSPACE'S NEW FACILITY IN COPENHAGEN. TRANSAER (TSD) 2 A320'S MAINTENANCE SUPPORT. NOW HAS MAINTENANCE CONTRACT FOR (TSD) 6 A300'S, & 8 A320'S. $8M, CONTRACT FOR PROVIDING COMPONENT SUPPORT TO STERLING EUROPEAN (STR). $30M CONTRACT WITH CALEDONIAN AIRWAYS (CAW), FOR MAINTENANCE & SUPPORT FOR 2 DC-10-30 & 6 L-1011'S.

NEW 15,930 SQ M FACILITY IN COPENHAGEN, WAS FORMERLY THE TWO MAINTENANCE HANGARS OF PEMCO.

APRIL 1998: 5 YEAR, MAINTENANCE CONTRACT FOR NOVAIR (NOO) A320'S. SUPPORT CONTRACT FOR 7TH TNT (TNB) 727-200F (19977) - AIRPLANE LATER SCRAPPED IN 12/02.

MAY 1998: 5 YEAR MAINTENANCE CONTRACT FOR ALL 737'S, OF NEW BRITISH AIRWAYS (BAB) NO-FRILLS SUBSIDIARY "GO," (GFL) WHICH OPERATES OUT OF STANSTED.

JUNE 1998: "C" CHECK MAINTENANCE CONTRACT FOR INDIAN AIRLINES (IND)
A320.

SEPTEMBER 1998: MAINTENANCE CONTRACT FOR WORLDWIDE AIRCRAFT HOLDING
747SP (L/N 367).

OCTOBER 1998: 3 YEAR, MAINTENANCE CONTRACT, FOR TNT (TNB) 8 727-200F'S, AT COPENHAGEN.

FEBRUARY 1999: 8 YEAR, # 318M POUND, COMPONENT SUPPORT FOR AIR EUROPA
(ARE) 10 737-800'S. ALSO, HEAVY MAINTENANCE FOR (ARE) 16 737-3/-400'S. 6 YEAR, #39.5M POUND, AIR 2000 (ATZ), 13 757/ROYAL (ROY), 3 757 COMPONENT SUPPORT, & ROTABLE SUPPORT, FOR 2 767-300ER'S. "C" CHECK FOR 737-3Q8QC (23766), AIR BELGIUM (ABL), PRIOR TO WET-LEASE TO EUROPEAN AIR TRANSPORT (EPT).

APRIL 1999: "C" CHECK, ON CORSAIR (COR) 737-300 (24023), EX-
TRANSAVIA (TAV). "C" CHECK FOR A320 (225), BEING RETURNED TO
ORIX FROM REGION AIR (RAE).

RAY ARKINSTALL, ENGRG DEVELOPMENT MANAGER, REPLACES ROB THOMPSON. KORKY CORFIELD, DIRECTOR MAINTENANCE, TO MOVE TO COPENHAGEN, FLS FACILITY.

MAY 1999: VIRGIN SUN (VAA), #10M POUNDS, HEAVY MAINTENANCE/COMPONENT
SUPPORT, FOR 5 YEARS, FOR 2 A320'S.

JUNE 1999: $11M, 5 YEAR, COMPONENT SUPPORT CONTRACT, FOR SKYJET
(SKJ) 2 DC-10-15'S.

BERNARD HENSEY, MANAGING DIRECTOR, FLS AEROSPACE (IRL), & EXECUTIVE VP AIRCRAFT OVERHAUL, WORLDWIDE.

JULY 1999: CURRENT OPERATING COMPANIES: FLS AEROSPACE HOLDING A/S; FLS AEROSPACE (UK) LTD; FLS AEROSPACE (IRL) LTD FLS AEROSPACE (DK) A/S; FLS AEROSPACE (SE) A/B; FLS AEROSPACE (ESP) SA; & FLS AEROSPACE (USA) INC.

AUGUST 1999: 5 YEAR, COMPONENT SUPPORT CONTRACT FOR AZZURRAAIR (AZR) 1 737-700 (29078, 80). UNITED PARCEL SERVICES (UPS) CONTRACT TO (ATD), COPENHAGEN, FOR AVIONICS UPGRADE OF 12 747-100F'S, INCLUDING INSTALLATION OF NEW (TCAS), (GPWS), (RVSM), AND SMOKE DETECTION SYSTEM.

SEPTEMBER 1999: WILHELM HAHN-PETERSON, MANAGING DIRECTOR, RESIGNS TO BECOME CEO OF EASYJET (EZY). MIKE HUMPHREYS TAKES OVER DAY-TO-DAY MANAGEMENT RESPONSIBILITY.

OCTOBER 1999: TECHNICAL DIVISION: CONTACT: MIKE HUMPHREYS, VP SALES & MARKETING (sales@flsaerospace.com): HAS HANGARS FOR 12 WIDE BODIES & 16 NARROW BODIES WITH 12,355 SQ M AT STANSTED, 12,227 SQ M AT MANCHESTER, 9,055 SQ M AT COPENHAGEN, 35,755 SQ M AT DUBLIN, 1,400 SQ M AT GATWICK, AND 1,400 SQ N AT STOCKHOLM FOR 707, 727, 737, 747, 757, 767, MD-80, DC-8, DC-10, A300, A320, A321, A330/A340 "A" - "D" CHECKS, INCLUDING CORROSION PREVENTION & CONTROL PROGRAM (CPCP), STRIP/PAINT, INTERIORS, 747 PYLON MODIFICATION & SECTION 41, (IFE), (APU)'S, AVIONICS UPGRADES, COMPOSITES REPAIRS, SHEET METAL WORK, HUSHKITTING, ROTABLES LEASING, VIP REFURBISHMENTS, LANDING GEARS, WHEELS, & BRAKES.

NOVEMBER 1999: JOINT VENTURE WITH ROCKWELL COLLINS, FOR NOSE-
-TO-TAIL MAINTENANCE, & SUPPORT WORK, IN SCANDINAVIA, AND NORTHERN
EUROPE, INCLUDING COLLINS, IN-FLIGHT ENTERTAINMENT SYSTEM (IFE), AND NON-COLLINS AVIONICS.

FLS AEROSPACE (ATD) CURRENTLY SUPPORTS 45 AIRLINE CUSTOMERS, & >400 AIRPLANES, WITH FACILITIES IN EUROPE, ASIA, & THE USA.

OPENS 10TH NARROW BODY BAY IN IRELAND, MAKING 17 AVAILABLE GROUP-
WIDE. FLS AEROSPACE (IRELAND), HAS IRISH APPROVAL FOR 747-400
MAINTENANCE - CURRENTLY DOING INTERIOR MODS FOR VIRGIN ATLANTIC AIRWAYS (VAA) 747-400'S.

MARCH 2000: FLS AEROSPACE (ATD) SELECTED FOR MAINTENANCE CONTRACT FOR SABRE (SBE), NOVAIR (NOO), & RYANAIR (RYR) 737-800'S. HEAVY MAINTENANCE CONTRACT FOR VIRGIN EXPRESS (EBA) 22 737'S, & MARTINAIR (MTH) 6 767-300'S. ALSO, "A" CHECKS, FOR EUROPEAN AIR TRANSPORT (EPT) 5 A300'S. #E32M, HEAVY MAINTENANCE CONTRACT, THROUGH 2004, FOR 46 RYANAIR (RYR) 737-200/-800'S.

STEFFEN HARPORTH, CEO, RESIGNED AFTER COMPANY SAID IT EXPECTED LOSSES FOR 1999. BIRGER RIISAGER, FLS INDUSTRIES GROUP PRESIDENT & CEO, WILL MANAGE THE COMPANY UNTIL A REPLACEMENT IS FOUND.

APRIL 2000: STEPHEN HENDERSON, CEO, EX-GOODRICH (BFG).

$24.9M, 5-YEAR, MAINTENANCE CONTRACT FOR TRANSAER (TSD) 9 A320'S.

LAYOFFS SYSTEMWIDE, OF 300, WITH 170 (MOSTLY OFFICE STAFF) AT STANSTED.

JUNE 2000: "2C" CHECK/MODIFICATIONS CONTRACT FOR AIR MALTA (MLT) 737-200 (23848).

ANDREW HOAD, EX-HAECO (CAT), GROUP QUALITY AND ENGINEERING MANAGER. MIKE HODGSON, EX-BRITISH AIRWAYS (BAB), HEAD OF MAINTENANCE OPERATIONS.

AUGUST 2000: COMPLETES "D" CHECK ON MAERSK AIR (MRS) 737-500 (24778) IN 18 DAYS (VS 29) USING FORMULA 1 PROGRAM, WHICH INCLUDING DETAILED PREPARATION PRIOR TO AIRPLANE ARRIVAL, INCLUDING DELIVERY OF ALL MATERIALS TO THE HANGAR.

MAY 2001: 3-YEAR COMPONENT SUPPORT CONTRACT FOR CYPRUS AIRWAYS (CYP) 2 A320'S FOR EUROCYPRIA (ECY). EXTENDED 3-YEAR, HEAVY MAINTENANCE CONTRACT FOR CONTINENTAL AIRLINES (CAL) DC-10-30 AIRPLANES. 2-4 AIRPLANES OF AZZURRAAIR (AZR) 737-700. INSTALLING WINGLETS (6 DONE) ON 10 AIR BERLIN (BER) 737-800'S.

JUNE 2001: 3-YEAR MAINTENANCE CONTRACT, WITH FEDEX (FED), FOR "B"/"C"
CHECKS FOR (FED) 727F/DC-10F/MD-11F/A300F/A310F'S, AT EITHER FLS MANCHESTER OR COPENHAGEN.

JULY 2001: "C" CHECKS ON 2 AIR MALTA (MLT) 737-300'S AT STANSTED (4Q/01 - 1Q/02).

NOVEMBER 2001: PLANS TO CUT EMPLOYMENT FROM 3,500 TO 2,600 (-26%). WILL CEASE HEAVY MAINTENANCE AT MANCHESTER (LIGHT/LINE MAINTENANCE WILL CONTINUE) AND WILL REDUCE OVERHAUL OPERATIONS AT DUBLIN (TEL).

DECEMBER 2001: 10-YEAR, $400M, EASYJET (EZY) CONTRACT FOR TOTAL MAINTENANCE SUPPORT, FOR 44 737-700'S. IT ALSO PROVIDES SUPPORT FOR
(EZY)'S 18 737-300'S.

JANUARY 2002: MIKE HUMPHRIES, ACTING CEO, REPLACES STEVEN HENDERSON, WHO RESIGNED. JOHN TROMAN, GROUP VP & GENERAL MANAGER, MANCHESTER, AND SCANDINAVIA.

FEBRUARY 2002: FLS AEROSPACE (ATD) LARGEST SHAREHOLDER, POTAGUA, INTENDS TO SELL ITS 40% STAKE. FLS CHAIRMAN, IB CHRISTENSEN, RESIGNED.

APRIL 2002: TO DO "C" CHECKS, & OTHER SERVICES FOR 5 A320'S, OWNED
BY JMC AIRLINES (JMA), NOW OPERATED BY THOMAS COOK. HEAVY
MAINTENANCE WILL BE DONE BY FLS AEROSPACE, IRELAND (TEL).

MAY 2002: 4-YEAR EXTENSION OF "C" CHECKS, FOR FALCON (FLK) 3
737-300'S, TO BE DONE AT IRELAND (TEL). HEAVY MAINTENANCE CONTRACTS FOR AIR 2000 (ATZ) A321, AND VIRGIN EXPRESS (EBA) 737-300.

July 2002: Forms MYTRAVEL AIRCRAFT ENGINEERING, from MyTravel Airways (GUE), and FLS Aerospace (ATD), to provide light/line maintenance, at Manchester, for (GUE) 757/DC-10/A320/A321/A330 airplanes. (ATD) provides heavy maintenance for (GUE) A320's.

June 2003: British Airways (BAB) signs 5-year flight hour agreement with FLS Aerospace (ATD) for component support of 10 A320's.

5-year renewal of heavy maintenance contract and component management for 8 Aegean (CRM) 737's by FLS Aerospace (ATD) or (TEL) valued at $12M. "C" checks will be done at (TEL) Dublin or (ATD) Stansted. A consignment of components will be provided at Athens for (CRM)'s exclusive use, as well as access to the pool stock of (ATD)'s major component distribution center at London Heathrow (LHR).

Air 2000 (ATZ) signed new 5-year agreement with FLS Aerospace (ATD) for component support for its fleet of 18 757's and for any additional 757's joining the fleet. (ATD) also provides component management for (ATZ)'s 3 767's.

February 2004: SR Technics (SWS) acquires FLS Aerospace (ATD) & (TEL).

March 2004: SR Technics (SWS) has a 12-month maintenance accord to provide easyJet (EZY) with comprehensive technical support for its expanding Airbus fleet. The maintenance program, accompanying materials, logistics and overall technical responsibility will be managed by SR Technics' Zurich office. Since (EZY) will be operating the new airplanes from various destinations throughout its Europewide network, the actual maintenance work will be performed at a number of airports by easyTech, the easyJet (EZY)/FLS Aerospace (ATD) technical services joint venture.

April 2004: Contract from FlyMe (FME) for line maintenance at Gothenburg and Stockholm Arlanda for its fleet of 4 737-300's.

The European Commission (EC) approved SR Technics' (SWS) acquisition of FLS Aerospace (ATD), which includes (ATD) (UK), FLS Aerospace (IRL) (TEL); FLS Aerospace (DK), and Sheerwalk Services Ltd. (SWS) is controlled by the (UK) venture capital company 3i.

May 2004: In view of the coming integration of FLS Aerospace operations in the UK & Ireland (ATD) & (TEL), it has established a Group Executive Management team - SR Technics Group - under the leadership of Hans Ulrich Beyeler, President & CEO. Beyeler will be succeeded as CEO of SR Technics Switzerland by Tim Talaat.

June 2004: Mike Humphries, CEO-FLS Aerospace (UK) and Declan O'Shea. CEO-FLS Aerospace Ireland.

September 2004: SR Technics Holding 1st 6 months = -# Sfr 7M/-$5.5M (+# Sfr 15M). Expects +ve results for the full year.

Gerry Timoney, Head Swiss Engine Division, succeeds Rudoger Urhahn.

November 2005: Hans Lerch, CEO.

September 2006: A consortium of United Arab Emirates-based investors is to acquire 90% of SR Technics (SWS) from its current owners in a transaction valued at CHF1.6 billion/$1.3 billion.

The consortium is led by Mubadala Development, the investment vehicle of the Abu Dhabi government, which will own 40% of the Zurich-based maintenance, repair and overhaul company after the purchase is completed in about two months.

Also participating is Dubai Aerospace Enterprise (DAE), the recently launched investment vehicle for the emirate's global aerospace ambitions headed by former Honeywell Aerospace Chief, Bob Johnson. (DAE) will hold 30% of SR Technics (SWS). The third investor is Istithmar, a Dubai-based investment house established by the emirate in 2003. SR Technics (SWS), which currently holds 11.7% of the company, will retain a 10% stake.

SR Technics (SWS) Chairman, Frank Turner and CEO, Hans Lerch will continue to lead the company and no "job redundancies or transfers" are planned for the 5,000-person workforce. In a conference call with reporters, Turner called the sale "by far the best option for the future" of the company. "This investment is all about building SR Technics (SWS)'s business," Mubadala Development COO, Waleed Al Mokarrab Al Muhairi said in a statement.

SR Technics (SWS) revenues rose +17% last year to CHF1.36 billion and (EBIT) increased +11% to SRT62 million. However, the company posted a net loss of -CHF2.6 million, largely owing to currency fluctuations.

SR Technics (SWS) had been controlled by venture capital firms 3i (56%) and Star Capital (20%), other institutional investors (12.7%) and SR Technics (SWS) management, who acquired it, following the collapse of Swissair. Earlier this year, it said it had agreed with its controlling investors to conduct an Initial Public Offering (IPO) before the end of 2006, but Turner said that sale of the company to the consortium ensures its continued growth and access to capital. In particular, he noted that both the Middle East region and India represent large opportunities for Maintenance Repair & Overhaul (MRO) providers.

Turner said there are "no specific plans to acquire GAMCO (GUL)," which is owned by Mubadala. SR Technics (SWS) recently won the contract to handle all of Gulf Air (GUL)'s maintenance away from the Abu Dhabi-based company.

November 2006: SR Technics (SWS)'s purchase by a United Arab Emirates consortium led by Mubadala Development, investment vehicle of the Abu Dhabi government, was finalized this week. The acquisition of the Zurich-based, Maintenance Repair & Overhaul (MRO) provider, valued at $1.3 billion, was announced in September and cleared by the European Commission (EC) last week. The company will continue to be run by Chairman and CEO, Hans Lerch, who has assumed the Chairmanship until further notice, following the departure of former Chairman, Frank Turner for personal reasons.

January 2007: SR Technics (SWS) opened a line maintenance station at Paris Orly with Air Caraibes (GUP) as the first customer. (SWS) said "easyJet (EZY) and further customers are expected to follow soon." The station will offer services for A320s, A330s, A340s, 737s and a variety of engines.

SR Technics (SWS) announced that it will not convert its option to acquire 60% of Empire Aero Center of New York, which it has held since signing a Memo of Understanding (MOU) last April. "Though SR Technics (SWS) continues to be interested in the North American market, for the present, it intends to focus its investment interests on the high-growth markets in the Middle East and Asia," the company said. The move could signal a new direction for (SWS), since it was acquired last September by a consortium of United Arab Emirates (UAE) investors.

February 2007: SR Technics (SWS) and Vueling Airlines (VUZ) signed a 12-year contract for (CFM56-5B4/P) services on the Low Cost Carrier (LCC)'s 16 A320s. The deal includes a possible extension of 6 to 12 years.

February 2009: SR Technics (SWS)/(ATD)/(TEL) said it plans to close its (TEL) operation at Dublin Airport (DUB) in light of recent contract losses from major load customers, current business projections and high costs. "We are announcing this deeply regrettable and difficult step only after an exhaustive evaluation of all strategic options for our group wide operations," (SWS) CEO, Bernd Kessler said. "We are fully aware of the difficult economic and labor market situation in Ireland and the personal implications of a closure for our staff in Dublin."

The company intends to begin consultation with trade unions representing the 1,135 employees at (DUB). Discussions will take place over the statutory minimum 30-day period in parallel with dialog with other stakeholders. "My management team will be working closely with the relevant unions over the coming weeks," Kessler promised. (TEL) will continue line maintenance operations at (DUB) in the interim but eventually expects to transfer responsibility to another provider. It emphasized that its intention to cease activities there will not impact operations at its Cork facility or its other locations.

Fleet:
(definitions)

(ATD) is a jet Airplane Maintenance Repair & Overhaul (MRO) facility.
Is a subsidiary of SR Technics (SWS).

Management:
(definitions)

Click below for photos:
ATD-CEO
ATD-CHMN

BERND KESSLER, (CEO) SR TECHNICS SWITZERLAND (SWS).

HANS LERCH, CHAIRMAN (10/06) & (CEO) (2005-11).

MIKE HUMPHRIES, (CEO), SR TECHNICS (UK) (ATD) (2004-06).

DECLAN O'SHEA, (CEO), SR TECHNICS IRELAND (TEL) (2004-06).

BERNARD HENSEY, GROUP VP BASE & LINE MAINTENANCE (IRL) (2000-06).

ANDREW HOAD, VP & HEAD QUALITY & ENGINEERING, EX-(HAECO) (2000-06),(STNLN7X) (andrew.hoad@flsaerospace.com).

STEPHEN LEE, VP COMPONENT OVERHAUL (EX-DOWTY GENERAL MANAGER) (1999-10).

JOHN TROMAN, GROUP VP & GENERAL MANAGER MANCHESTER & SCANDINAVIA.

MIKE HODGSON, EX-(BAB), HEAD MAINTENANCE OPERATIONS (2000-06).

PHIL HOSEY, QUALITY ASSURANCE DIRECTOR (STNLN7X) (philh@flsaerospace.com).

ADAM VOSS, GENERAL MANAGER, STANSTED OPERATIONS (2001-06).

GARETH CUNNINGHAM, GENERAL MANAGER, MANCHESTER OPERATIONS (2001-06).

DECLAN O'SHEA, GROUP VP & GENERAL MANAGER OPERATIONS (2000-06) (DUB).

LIAM LISK, TECHNICAL & LINE MAINTENANCE DIRECTOR (1999-07) (DUBTZEI),
(liam.sisk@flsaerospace.ie).

MALCOLM COX, ENGINEERING MANAGER, STANSTED (2001-06), (STNLN7X)
(engineering2@flsaerospace.com).

COLIN BAGIENT, ENGINEERING MANAGER, MANCHESTER (2001-06).

RAY ARKINSTALL, ENGINEERING DEVELOPMENT MANAGER (1999-04).

JOHN MCLOUGHLIN, TECHNICAL SERVICES MANAGER (johnm@flsaerospace.com).

FRANK BUGGIE, QUALITY ASSURANCE MANAGER (DUB).

DAVID KINGSTON, TECHNICAL TRAINING MANAGER (DUB)
(david.kingston@flsaerospace.ie).

DES GAYNOR, TRAINING EXECUTIVE (des.gaynor@flsaerospace.ie).

 
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