First Aviation Services Inc.

Description

First Aviation Services Incorporated ("First Aviation") was established in June 1995 by First Equity Group ("First Equity") to acquire National Airmotive Corporation (“NAC”) from Triton Group Ltd. In March 1997, First Aviation acquired the assets of Aerospace Products International, Incorporated ("API" - formerly Aircraft Parts International Combs, Incorporated) from AMR Combs, Incorporated, a subsidiary of AMR. API is located in Memphis, Tennessee. In November 1999, NAC was sold to Rolls-Royce North America, Incorporated for an adjusted sales price of approximately $71 million. In 1999, API expanded into Canada, forming Aircraft Products International Ltd. In 2000, API expanded again, into the Asia Pacific market, forming API Asia Pacific Incorporated, in the Philippines. In 2006 API established operations in Shanghai, China. In November of 2009 First Aviation Services, Incorporated announced that it has entered into a definitive agreement to acquire Kelly Aerospace Turbine Rotables (KATR) and Limco-Piedmont’s propeller overhaul division (PPS). KATR is the repair and overhaul subsidiary of Kelly Aerospace Incorporated, a privately held company. Limco-Piedmont is a wholly owned subsidiary of TAT Technology Ltd. (NASDAQ: TATTF). KATR is best known for its leadership in the overhaul and repair of landing gear, hydraulic, pneumatic and electrical components as well as brakes and hose assemblies for corporate, military and regional aircraft. First Aviation, together with its subsidiaries (collectively "FAvS"), is one of the leading suppliers of aircraft parts and components to the aviation industry worldwide, and is a provider of third party logistics and inventory management services to the aerospace industry. API distributes the products of over 150 parts and component manufacturers and suppliers. In addition, FAvS offers maintenance, repair and overhaul services through three Federal Aviation Administration authorized facilities. Customers of FAvS include passenger and cargo airlines, general aviation, and military operators.

Products & services

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