China Airlines and Nordam Aerospace Maintenance Group have signed a joint venture term sheet to establish and operate an MRO facility in Taoyuan, Taipei, to service thrust reversers and other composite aerospace parts.
The signing of the term sheet follows the inking of a Memorandum of Understanding in March earlier this year.
Both parties did not specify the timeline for the completion of the JV, or its intended capacity. However, China Airlines says that both parties will "endeavor to complete the definitive agreement as quickly as possible".
In a joint statement, both parties listed three objectives for the MRO JV.
First, it will seek to fulfill the maintenance requirements of the thrust reverser and composite parts fitted on China Airlines’ fleet. The JV is also aimed at further developing China Airlines maintenance facility’s composite repair capabilities for composite parts such as nacelles, exhaust, radomes, flight controls and aerostructures. Third, it will enhance the aviation industry capabilities in Taiwan.
The SkyTeam alliance member previously said that the JV facility is intended to be Nordam's sole commercial MRO facility in Asia and will offer its services under the Nordam brand name.
Flight Fleets Analyzer shows that China Airlines operates a fleet of 85 aircraft, including 32 Airbus widebodies, 19 Boeing 737-800s, 10 777-300ERs and 24 747-400s and -400 freighters.
Source: Cirium Dashboard