Phoenix Aerospace favours own expansion project over Aveos asset acquisition

Montreal-based aircraft maintenance provider Phoenix Aerospace Inc. said it has decided not to go ahead with its project of acquiring parts of Aveos' assets in the wake of the latter's surprising closure several weeks ago.

Source Airline Industry Information

June 4, 2012

This decision was announced by Phoenix Aerospace's president, Serge Prévost, following a special meeting with his company's steering committee. Despite an extension of the submission deadline offered by Toronto's FTI Consultants, Phoenix Aerospace will not be bidding. The company's president also announced that they have decided to favour an expansion project worth tens of millions of dollars in heavy maintenance and MRO services for major airlines. This is a project that PhoenixAerospace has been developing for some 15 months; started well before Aveos' closure, the project was put on hold in order to properly evaluate the acquisition of all or part of Aveos' assets. Based in Dorval, Quebec, Phoenix Aerospace offers light and heavy aircraft maintenance repair and overhaul. Phoenix Aerospace also provides fleet maintenance as an outsourcing service to various airlines.