BERWYN, Pa.--(BUSINESS WIRE)--Feb. 7, 2018--
Triumph Group, Inc. (NYSE: TGI) announced its subsidiary, Triumph
Aviation Services Asia, Ltd., has been selected by Boeing to provide
aftermarket support in the Asia Pacific region for their flight controls
and engine nacelles program, as well as thrust reverser service for the
regional fleet of 777 airplanes. Triumph Aviation Services Asia is an
operating company of Triumph Product Support.
Under the new agreement, the Bangkok, Thailand based Triumph business
will provide inspection, recertification and repair support on nacelle
and flight control components for the lease and exchange service Boeing
offers operators of its airplanes in the fast-growing Asia region. The
Triumph site was also selected as a supplier for the 777 thrust reverser
service bulletin program. The new agreement builds on years of
collaboration between the two companies that dates to when the Triumph
site was first approved as a Boeing repair station in 2012 to support
737NG (CFM56-7) and 777 (Trent 800) thrust reverser service program.
“At Triumph Product Support, we see ourselves as an extension of our
customers’ operations, partnering with them to ensure the availability
and reliability of their aircraft,” said Michael R. Abram, executive
vice president of Triumph Product Support. “Our team is committed to
forging closer partnerships with OEM’s and airline carriers throughout
the life cycle of an aircraft, as well as developing a market leading
position in Asia. This new agreement demonstrates how our Total Life
Cycle (TLC) aircraft solutions helps meet the needs of our customers and
our business objectives.”
Triumph Aviation Services Asia repairs and overhauls a wide range of
complex aircraft structures and components such as engine nacelles,
flight control surfaces and aircraft accessories. In 2015 and 2016, the
Triumph site received a Silver Boeing Performance Excellence Award,
which recognizes suppliers that achieve high-performance standards.
Triumph Group, Inc., headquartered in Berwyn, Pennsylvania, designs,
engineers, manufactures, repairs and overhauls a broad portfolio of
aircraft structures, components, accessories, and systems. The Company
serves a broad spectrum of the global aviation industry, including
original equipment manufacturers of commercial, regional, business and
military aircraft and aircraft components, as well as commercial and
regional airlines and air cargo carriers.
More information about Triumph Group can be found on the company’s
website at http://www.triumphgroup.com.
Statements in this release which are not historical facts are
forward-looking statements under the provisions of the Private
Securities Litigation Reform Act of 1995, including statements about
future business growth. All forward-looking statements involve risks and
uncertainties which could affect the company’s actual results and could
cause its actual results to differ materially from those expressed in
any forward-looking statements made by, or on behalf of, the company.
Further information regarding the important factors that could cause
actual results to differ from projected results can be found in Triumph
Group’s reports filed with the SEC, including our Annual Report on Form
10-K for the fiscal year ended March 31, 2017.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180207005804/en/
Source: Triumph Group, Inc.
Triumph Group, Inc.
Senior Director –
Vice President – Tax & Investor Relations