Palm City, Florida – April 25, 2012 – STS Component Solutions LLC announced today the acquisition of two ATR42-300s from Arkas S.A. Airlines. These aircraft are powered by PW 121 Turboprop Engines and are one of sixty-six ATR42s that were delivered with the Bendix/King (Honeywell) Avionics Suite. The aircraft have been disassembled and the components are in route to STS’s facility in Palm City, FL for re-sale. The Engines will be placed in an Asset Pool and made available for Lease or Sale to ATR 42 Operators and Engine MRO’s. These products are in addition to the MarathonNorco Batteries and Static Inverters STS Component Solutions carries for the ATR 42 and 72.
Tom Covella, Executive Vice President/GM of STS Component Solutions, stated “This asset purchase further solidifies our commitment to expand our inventory portfolio, increase our presence in the engine marketplace and provide an additional aircraft product offering to support ATR42 and ATR72 aircraft operators. This is exciting news to our airline and MRO customers who currently rely on STS Component Solutions to provide both OEM Distribution support services and high quality surplus aftermarket airframe and engine components.”
About STS Component Solutions, LLC
Based in Palm City, Florida, STS Component Solutions specializes in the global marketing and distribution of OEM Products and services. STS’s specialized and technical approach to the market provides our OEM, Airline and MRO Business Partners with value-added services and solutions focused on creating cost savings opportunities. STS provides 24/7 global AOG coverage, and stocks inventory at strategic locations worldwide.
About STS Aviation Group
Based in Jensen Beach, Florida, the STS Aviation Group is a diversified company that specializes in support services for the aerospace industry through its four divisions: on-call and scheduled line maintenance through STS Line Maintenance; inventory solutions for airframe and engine components through STS Component Solutions; aerospace specific staffing services through STS AeroStaff Services; and, Engineering Support including 24x7 DER services through STS Engineering Solutions.