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| PRESS RELEASE
On February 1st 2010, TP Aerospace officially obtained Cirrus Technik, component maintenance and line maintenance division.
The expansion of the TP Aerospace group with newly formed TP Aerospace Technics GmbH, was confirmed Monday February 1st. The EASA145 component maintenance division based in Hamburg, has been an active business unit with in-house capability for wheels, brakes and leading edges since 1998.
With the acquisition, TP Aerospace will also take over the line maintenance division at Hamburg Airport.
Thomas Ibsoe, Group Director TP Aerospace: "It is with great delight that we today announce the addition of TP Aerospace Technics GmbH to the TP Aerospace Group. Since founding TP Aerospace in 2008, it has been a clear strategy for us to become a market leader for aircraft wheels and brakes. With TP Aerospace Solutions already being a market leading stockist, the addition of a part 145 division to support our clients with top quality and price competitive maintenance, was an important step in order to offer complete support for this chapter. With Cirrus Technik already being a recognized quality maintenance provider to many airlines, TP Aerospace can now offer repair and overhaul, lease packages, PBH contracts, as well as standard exchange and sales on daily basis. From the viewpoint of our new German colleagues, I am pleased and proud to say that TP Aerospace were always the preferred new business partner of everyone associated with the work shop since talks began in autumn 2009."
To learn more about TP Aerospace Technics and our capabilities, please visit www.tpaerospace.com/technics
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