GUANGZHOU, China - April 26, 2022 - Spirit AeroSystems, Inc. announced today an agreement with Guangzhou Aircraft Maintenance Engineering Company Limited (GAMECO) to be the Spirit Authorized Repair Center in Mainland China.
GAMECO was founded in 1989 as a joint venture of China Southern Airlines, Hutchison A/C Maintenance Investment and South China International A/C Engineering.
“Spirit AeroSystems is pleased to work with GAMECO to offer Mainland China air carriers with local, in-country service that will reduce freight costs and overall aircraft downtime,” said Kailash Krishnaswamy, Senior Vice President of Spirit Aftermarket Services. “Through this agreement, GAMECO will expand its offerings to its customer by leveraging Spirit’s component repair expertise.”
Initially, GAMECO will provide repair services to replace Boeing 757 RB211 inlet cowlings and A330 Trent inlet cowlings with plans to expand into nacelle work for Spirit customers.
Spirit has signed agreements with two freight carriers to place 757 inlet cowling work with GAMECO. In February, Spirit signed a contract with YTO Cargo Airlines (YTO), based in Hangzhou, China; and in September 2021, Spirit signed a 10-year agreement with SF Airlines (SFA), a cargo carrier based in Shenzhen, China.
Spirit’s Aftermarket business continues to grow since the acquisition of select Bombardier maintenance, repair and overhaul operations in Belfast, Northern Ireland, and Dallas, Texas; the acquisition of assets from Applied Aerodynamics in Dallas, Texas, USA; and the signing of a joint venture agreement with Evergreen Aviation Technologies Corporation in Taiwan. Spirit’s Aftermarket business revenues have grown substantially from $186 million in 2019 to $239.9 million in 2021, and is targeting to grow the Aftermarket business to $500 million in revenue by 2025.
Spirit AeroSystems, Inc. ("Spirit"), a subsidiary of Spirit AeroSystems Holdings, Inc. [NYSE: SPR] (“Spirit AeroSystems”).