- The company is expected to increase its presence in the United States, Canada, and Latin America
- AISG aims to double its size in the forthcoming years
Mexico City, July 5, 2022.- AISG, a leading Mexico-based company specializing in commercial aircraft line maintenance, received a significant capital contribution from Discovery Americas -a private equity fund- to boost its international presence.
With the influx, AISG aims to continue its expansion throughout the Americas, improve its services portfolio and gain new customers. Today, the company performs more than 110,000 yearly operations in Mexico, South America, and the Caribbean while offering maintenance services through its European subsidiary SoTech, in the Dominican Republic, Argentina, and Paraguay.
The investment is expected to boost the company’s growth in the American, Canadian, and Latin American markets allowing it to double its size in the forthcoming years. The capital injection was performed based on expectations of rising demand for air transportation in the upcoming years.
According to the International Air Transport Association (IATA), Latin America and the Caribbean are the regions that have shown the fastest recovery rate after the effects of the Covid-19 pandemic. In addition, the number of travelers worldwide in 2024 is expected to be 103% higher than those registered in 2019.
“We are excited to have the support and collaboration of Discovery Americas, the Mexican investment fund with the most experience in aviation. Given the demands and challenges of the sector, we seek to expand our operations, bringing our high-quality standards to markets that we consider very attractive. We continue to increase and improve the skills of our technicians and engineers, who have an average of 15 years of experience and extensive knowledge, as we feel very well equipped to meet the growing needs of our customers," said Fernando Nieto, Managing Director of AISG.
Andres Pliego, Managing Director and CFO of Discovery Americas, stated that “a large part of what characterizes us as an investment fund is the impulse that we provide to successful companies to achieve accelerated growth and reach their maximum potential. We believe in the team that AISG leads in its expansion plan. We trust that our collaboration will support this Mexican company to be a leader in the sector, generating improvements in infrastructure, connectivity, and the growth of the aviation industry.”
AISG holds a wide range of certifications, licenses, and permits from multiple international authorities, including FAA (United States), EASA (Europe), AFAC (Mexico), IDAC (Dominican Republic), ICETRA (Iceland), as well asaeronautical authorities from Japan, Turkey, the United Arab Emirates, Qatar, amongst others, servicing more than 70 airlines around the world.
Discovery Americas has an extensive experience in the aviation sector, being involved in the industry for over18 years. It has supported the business plans of airlines such as Volaris and mas (formerly MasAir). Discovery Americas provides experience, and their participation includes resource funding, support and strategic consulting.