Aero Norway jump starts 2018 with new investment strategies

Eleanor Steed
By Eleanor Steed January 23, 2018 15:20

Aero Norway jump starts 2018 with new investment strategies

Norway-based engine MRO facility Aero Norway AS is looking at a year of positive change as preparations to manage demand for CFM56-3, CFM56-5B and 7B engines repair and maintenance services come to fruition.

CEO, Glenford Marston, explains: “At Aero Norway the focus is always on delivering the best service and industry-recognised EGT margins and we are globally acknowledged as a leader in CFM56 engine repairs.  To best serve our customers – MROs, independent engine owners and leasing companies, we have taken steps to underpin the business in three fundamental ways:  financial support to deliver working capital; sourcing of repair partners that can complement the flexibility of workscope that we, as an independent organisation, strive to offer; and the development of highly trained apprentices to ensure continuity of our engineering skill sets for the next 20 years and more.”

Aero Norway is multi-release FAA, EASA, TCCA, CAAC, GCAA and DGCA certified which qualifies its worldwide appeal to operators of CFM engines.

Based on Aero Norway’s scheduled induction work-flow and the partnerships with global MROs, Aero Norway signed a significant working capital terms sheet with Sparebank 1 SR-Bank, a Norwegian high street bank and the largest bank in Norway says Marston. “This is a working capital facility for the company which is being provided as a combination of engine purchase financing, general overdraft and capital expenditure funding for new tooling for the workshop. It was important for us that this funding should come from Norway, and we are proud to be recognised not only as one of the country’s leading aviation after-market businesses, but also one that experiencing positive growth and global recognition.”

The final lynchpin of Aero Norway’s 2018 change programme relates to human capital.  “Over the next few months we will be implementing some structural changes” states Marston. “Part of this process will see two senior appointments announced in the commercial and operational arenas.

Eleanor Steed
By Eleanor Steed January 23, 2018 15:20