Engineering Holding conquered the crisis in 2015

Photo by Leonid Faerberg / transport-photo.com

Engineering – the Aviation Maintenance Holding, Russia’s largest independent MRO service provider, achieved positive financial and operational results in 2015 despite unfavorable market conditions, the company reported. It started providing heavy maintenance services to Aeroflot and launched full-cycle aircraft modernization operations.

The contract with Aeroflot was signed in the spring of 2015. The four-year agreement covers maintenance and repairs on part of Aeroflot’s fleet of Airbus A320 and Boeing 737NG narrow-body aircraft. Partnership with Russia’s largest airline contributed to Engineering Holding’s steady workflow, whereas other Russian carriers tended to cut capacity due to the ongoing industry downturn.

Another large project was completed when Engineering Holding’s Novosibirsk-based subsidiary, Sibir Technics, opened a laboratory for testing aircraft interior material fire resistance. At the same facility, located at Novosibirsk’s Tolmachevo Airport, Sibir Technics launched production of plastic aircraft interior parts in compliance with its EASA Part 21G certificate. Both projects enabled the parent company to get full-cycle aircraft modernization approval and offer a new range of services to Russian carriers.

Engineering Holding’s staff worked almost 1.8 million person-hours, having performed around 1,100 A-checks, 93 C-checks and 20 D-checks in 2015. The paint shop in Mineralnye Vody completed 14 orders, twice as many as in 2014, the year it started operation.

Transaero’s exit from the market has barely hurt the provider, Engineering Holding’s spokesperson commented. The company’s customer portfolio was reorganized in advance, before the difficulties of 2015 arose. The company’s spokesperson also mentioned that in 2016, Engineering Holding is counting on making deals with foreign customers. As with other facilities owned by the company, the paint shop expects to receive a lot of work this year. Today, such airlines as Aeroflot, UTair, Air Astana, Globus (part of S7 Group) and others make use of the company’s paint shop.