Posted on: 01 October 2010
A group of investors led by Indaer International has purchased AvCraft Support Services, the Myrtle Beach-based regional aircraft MRO provider.
The investors have created a special purpose company, KNH Aviation Services, to hold the newly acquired assets. The business will now operate as AvCraft Technical Services.
AvCraft provides airframe heavy maintenance on ATR 42 and 72, Bombardier Dash 8 and Dornier 328 aircraft for airlines, leasing companies and corporate operators from the US, Canada, the Caribbean, Latin America and Europe. With eight regional aircraft bays; a paint facility; and a very capable avionics shop, AvCraft is well-positioned for future growth.
Derek Nice, CEO of Indaer International, also announced the new senior management team for AvCraft Technical Services: Mike Hill has been appointed president and chief operating officer. He previously was general manager of the Myrtle Beach facility.
Donald Kamenz will become executive vice-president, business development. He comes to AvCraft with a strong background in the aerospace and MRO industries, including with Bombardier, Dornier, Saab, ExelTech Aerospace and Avianor Group.
Calvin Tuitt has been appointed vice-president, sales. Currently working with Indaer International, Calvin also brings experience with Rolls-Royce, Pratt & Whitney Canada and ExelTech Aerospace.
Tom Younan becomes the company’s chief financial officer. A CPA, Tom combines a strong financial background in other industries with more recent experience at AvCraft.
Carol Drew has been appointed to the AvCraft board of directors, bringing 25 years of experience in operations, marketing and customer service in the airline and MRO sectors, including with Wardair, Inter Canadian and ExelTech Aerospace.
“We are excited by this transaction,” declared Mike Hill. “We’re enthusiastic to be working with new entrepreneurial owners who have a vision to grow our company.”
This purchase agreement builds on a relationship between Indaer and AvCraft that began a year ago when the two companies entered into a joint venture agreement to provide MRO services to regional aircraft operators.
“Our joint venture agreement has already been very successful,” added Hill. “This new relationship builds on that success. We are proud to become an Indaer company.”