||SR TECHNICS IRELAND
||Currently Not Operational
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FORMERLY AVIATION TRADERS (REPAIR STATION). JET AIRPLANE, MAINTENANCE
EIRE/IRELAND WAS ESTABLISHED IN 1919, IT COVERS AN AREA OF 70,284 SQ KM, ITS POPULATION IS 3.6 MILLION, ITS CAPITAL CITY IS DUBLIN, AND ITS OFFICIAL LANGUAGES ARE ENGLISH AND GAELIC.
SEPTEMBER 1996: WILHELM HAHN-PETERSEN, CEO, STEFAN HARPOF,
JANUARY 1998: PURCHASE OF TEAM AER LINGUS FROM AER LINGUS (ARL).
$30 MILLION 3 YEAR HEAVY MAINTENANCE CONTRACT FOR CONTINENTAL AIRLINES (CAL) DC-10'S.
MARCH 1998: AIRTOURS INTERNATIONAL DENMARK (PRH) MAINTENANCE CONTRACT AT FLS AEROSPACE'S NEW FACILITY IN COPENHAGEN. $8 MILLION CONTRACT FOR PROVIDING COMPONENT SUPPORT TO STERLING EUROPEAN (STR). $30 MILLION 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).
FEBRUARY 1999: 8 YEAR, 318 MILLION POUND COMPONENT SUPPORT FOR AIR EUROPA (ARE) 10 737-800'S. ALSO HEAVY MAINTENANCE FOR (ARE) 16 737-300/-400'S.
6 YR 39.5 MILLION POUND AIR 2000 (ATZ), 13 757/ROYAL AIRLINES (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, ENGINEERING DEVELOPMENT MANAGER, REPLACES ROB THOMPSON. KORKY CORFIELD, DIRECTOR MAINTENANCE, TO MOVE TO COPENHAGEN, FLS FACILITY.
MAY 1999: VIRGIN SUN (VAA) 10 MILLION POUNDS HEAVY MAINTENANCE/COMPONENT SUPPORT FOR 5 YEARS FOR 2 A320'S.
JUNE 1999: $11 MILLION, 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.
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 (firstname.lastname@example.org): 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'S, 727'S, 737'S, 747'S, 757'S, 767'S, MD-80'S, DC-8'S, DC-10'S, A300'S, A320'S, A321'S, A330/A340'S "A" - "D" CHECKS, INCLUDING CORROSION PREVENTION & CONTROL PROGRAM (CPCP), STRIP/PAINT, INTERIORS, 747 PYLON MODIFICATION & SECTION 41, IN-FLIGHT ENTERTAINMENT (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 (TEL) IRELAND MAKING 17 AVAILABLE GROUP-WIDE. FLS AEROSPACE (IRELAND) (TEL) HAS IRISH APPROVAL FOR 747-400 MAINTENANCE - CURRENTLY DOING INTERIOR MODIFICATIONS FOR VIRGIN ATLANTIC AIRWAYS (VAA) 747-400'S.
MARCH 2000: FLS AEROSPACE (ATD) WAS SELECTED FOR MAINTENANCE CONTRACT FOR SABRE AIRLINES (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.
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.
E32 MILLION HEAVY MAINTENANCE CONTRACT THROUGH 2004 FOR 46 RYANAIR (RYR) 737-200/-800'S.
APRIL 2000: STEPHEN HENDERSON, CEO, EX-GOODRICH (BFR).
$24.9 MILLION 5-YEAR MAINTENANCE CONTRACT FOR TRANSAER (TLF) 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 INCLUDES 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 (4TH QUARTER 2001 - 1ST QUARTER 2002).
AUGUST 2001: FLS AEROSPACE IRELAND (TEL) IS PURSUING A CONTRACT TO CONVERT 9 767'S FROM PASSENGER TO FREIGHTER DEPENDENT ON SIKORSKY HELICOPTERS GAINING AN IRISH GOVERNMENT CONTRACT TO SUPPLY 3 - 5 HELICOPTERS TO THE AIR CORPS. ESTIMATES VALUE OF CONTRACT AS $50 MILLION OVER 4 YEARS. ALSO ESTIMATES THAT THERE ARE >170 AIRPLANES IN LINE FOR SIMILAR CONVERSIONS WHICH COLLECTIVELY WOULD BE WORTH $1 BILLION.
OCTOBER 2001: 747-41R (32745) VIRGIN ATLANTIC AIRWAYS (VAA) NEW DELIVERY, PRE-SERVICE MODIFICATIONS.
JANUARY 2002: MIKE HUMPHREYS, ACTING CEO, REPLACES STEVEN HENDERSON, WHO RESIGNED.
APRIL 2002: TO DO HEAVY MAINTENANCE FOR 5 A320'S OWNED BY JMC AIRLINES (JMA) BUT OPERATED BY THOMAS COOK. "C" CHECKS WILL BE DONE BY FLS AEROSPACE, STANSTED (ATD).
MAY 2002: 5-YEAR $18.2 MILLION HEAVY MAINTENANCE/MAJOR MODIFICATION CONTRACT FOR VIRGIN ATLANTIC AIRWAYS (VAA) A340 FLEET INCLUDING 10 A340-300'S & 10 A340-600'S. 4-YEAR EXTENSION FOR "C" CHECKS ON FALCON (FLK) 3 737-300'S. CONTRACT WITH VOLARE (VLR) FOR LIGHT LINE MAINTENANCE FOR 6 A330-200'S INCLUDING SETTING UP BASE AT MILAN MALPENSA (MXP).
October 2002: Over a year ago, a move was made towards reducing turnaround times with the Formula One project. By assigning computer workstations to each zone of the airplane, and by making technical manuals and job cards available electronically to mechanics (MT), the time spent obtaining info is reduced, and the progress of work can be tracked online. Using the system, electronic job cards and records of work can be supplied to the customer on CD-ROM, which is particularly valuable to leasing customers. The company followed this with an efficiency drive, based on Six Sigma quality controls, one result of which was a reduction in 747 classic "D" check turnaround times from 54 to 34 days.
January 2003: "C" check contracts for Lauda Air (LAL) 4 767-300ER's, and Martinair (MTH) 3 767-300ER's, including installation of Boeing's fortified cockpit doors.
June 2003: 5-year renewal of heavy maintenance contract and component management for 8 Aegean (CRM) 737's by FLS Aerospace (ATD) or (TEL) valued at $12 Million. "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).
February 2004: SR Technics (SWS) acquires FLS Aerospace (ATD).
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: The European Commission (EC) approved SR Technics' (SWS) acquisition of FLS Aerospace (ATD), which included (ATD) (UK), FLS Aerospace (IRL) (TEL); FLS Aerospace (DK), and Sheerwalk Svcs 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 (SWS) Holding 1st 6 months = -Sfr 7 Million/-$5.5 Million (+Sfr 15 Million). Expects +ve results for the full year.
Gerry Timoney, Head Swiss Engine Division, succeeds Rudoger Urhahn.
November 2005: Hans Lerch, CEO of SR Technics (SWS).
March 2006: dba (DBA) signed a three-year contract with SR Technics (SWS) for support of the Honeywell (SGC) (APU)s installed on its Boeing (TBC) fleet. Service will be provided at SR Technics (SWS)'s (TEL) Dublin facility.
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.
September 2007: SR Technics (SWS)/(TEL) will provide nose-to-tail, "C" checks and a modification program on Scandinavian Airlines (SAS)'s fleet of four A330s and seven A340s. The program will run from October 2007 through March 2008, with work carried out at SR Technics (SWS)/(TEL) facilities at Dublin Airport.
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.
April 2009: SR Technics Group confirmed that it intends to close its SR Technics Ireland (TEL) line maintenance base at Dublin, which employs 1,135. Six hundred will be laid off initially, with a further 100 made redundant later in the month. "All remaining activities are expected to be wound down or transferred to other providers" by August 31, (SWS) said. Contributing to the decision to close the base were the recent loss of "major contracts" from customers in Dublin, the current business outlook and "the high cost base" of the operation.
October 2009: Dublin Aerospace was issued (EASA) Part 145 certification by the Irish Aviation Authority. Its Maintenance Repair & Overhaul (MRO) facility is based at Dublin Airport at the former SR Technics (Ireland) (TEL) site. The hangar can accommodate three narrow body airplanes. It currently performs heavy (MRO) on 737NG and A320 family airplanes, as well as 737 landing gear and Honeywell (SGC) (APU) overhaul. It expects A320 landing gear capability to come online next year.
Operates jet airplane Maintenance Repair & Overhaul (MRO) facility.
Is a subsidiary of SR Technics (SWS).
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HANS LERCH, CHAIRMAN (2006-10), & CHIEF EXECUTIVE OFFICER (CEO) (2005-11).
BERNRD KESSLER, (CEO), SR TECHNICS, SWITZERLAND (SWS).
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, GROUP VP QUALITY ASSURANCE (QA) & ENGINEERING SERVICES, EX-(HAECO) (2000-06), (STNLN7X) (email@example.com).
SOREN LINDGAARD, VP FINANCE, INFORMATION TECHNOLOGY (IT) & LEGAL AFFAIRS.
HOUSTON BROWN, VP COMPONENT REPAIR (GRP) (DUB).
STEPHEN LEE, VP COMPONENT OVERHAUL (EX-DOWTY GENERAL MANAGER) (10/99).
SEAN O'CONNOR, VP SALES & MARKETING (ACTING).
MIKE HODGSON, EX-(BAB), HEAD MAINTENANCE OPERATIONS (6/00).
PHIL HOSEY, QUALITY ASSURANCE (QA) DIRECTOR (STNLN7X) (firstname.lastname@example.org).
LES LACEY, VP MATERIAL SOLUTIONS.
MS DEBBIE SIMPSON, HEAD SUPPLY CHAIN.
JOHN MULCAHY, PROJECT DIRECTOR (DUB).
NIALL O'CEALLAIGH, PERSONNEL DIRECTOR.
LIAM SISK, HEAD QUALITY ASSURANCE & ENGINEERING (1999-07) (DUBTZEI) (DUB) (email@example.com).
JOHN STENNING, HEAD COMPONENT MANAGEMENT.
FRANK BUGGIE, QUALITY ASSURANCE (QA) MANAGER (DUB).
MICHAEL TYRRELL, COMPONENT REPAIR MANAGER (DUB).
LIAM O'ROURKE, PLANNING MANAGER (DUB).
RAY ARKINSTALL, ENGINEERING DEVELOPMENT MANAGER (1999-04).
JOHN MCLOUGHLIN, TECHNICAL SERVICES MANAGER (firstname.lastname@example.org).
DAVID KINGSTON, TECHNICAL TRAINING MANAGER (DUB)
DES GAYNOR, TRAINING EXECUTIVE (email@example.com).
MS MARY MANNION, HEAD OF COMMUNICATIONS.
BRIAN SHERIDAN, SPARES PURCHASING MANAGER.