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Topcast Acquires Shanghai AML Aviation Technologies for MRO Growth in China

Our Bureau - : Jul 20, 2021 - : 5:37 am

Topcast Aviation Supplies has completed the acquisition of AML Aviation Technologies, an  aircraft components maintenance company located in Shanghai.

AML, which was established by Aviation Industry Corporation of China in 2002, has core services that include testing, repair, modification and overhaul of air conditioning, communication, battery, cabin, fuel, hydraulic & pneumatic, light, water and waste handling systems.

“We’re very pleased to welcome AML to Topcast,” said Steven Pearson, Topcast Chief Executive Officer. “This acquisition reveals and positions Topcast business well for the future of aviation dynamics in mainland China. We expect our MRO services to increase further its level of efficiency, through economies of scale, improved business operations and lower costs.”

“Asia-Pacific is the fast-growing region of its MRO market and expecting to register a CAGR of over 5%. China is now the second-largest aviation market and has the highest revenue share in the MRO market,” said George Poh, Vice President, Sales and Customer Services & Support of Topcast, “We foresee a surge of commercial aircraft MRO activities in China regarding to the fleet expansion plan of both traditional and low-cost carrier.”

“In longer-term, Topcast will set up a warehouse in Shanghai to complement for smooth operations and will implement a dedicated pooling program for lower life cycle costs from the initial core units from each airline customer.” Steve Chua, Managing Director, Global MRO of Topcast, said.

Shanghai is the hub city for seven commercial airlines[and six cargo carriers, accounting for 2165 aircraft, 59% of the national market size.


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