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Green sunrise

TP Aerospace is planning a major worldwide expansion of its wheels and brakes business, as Ian Harbison finds
 

Peter Lyager, Chief Executive Officer and co-founder of TP Aerospace, says that the expansion, called Green Sunrise, is in response to the growth in worldwide commercial aviation. The global fleet size is currently growing at an average of 3.4% per year, and the in-service airline fleet is forecast to grow from nearly 25,000 aircraft in early 2017 to more than 35,000 by 2027. This growth is driven by the Asia Pacific region, especially China and India, and is expected to result in a significant increase in MRO demand.

   
The company’s current platform consists of the headquarters and logistics centre in Hvidovre, close to Copenhagen Airport, with regional hubs – called Centers of Excellence – in Hamburg (12,500 units/year), Orlando (5,500 units/year) and Singapore (6,000 units/year); mid-size MROs in Melbourne (3,100 units/year) and Las Vegas (2,300 unit/year); and a small-size MRO in Dubai (1,000 units/year).
    
Within the next two years, TP Aerospace expects to add 200 people to its current 250 staff (which has tripled since 2014) and will open 11 new locations, mostly supporting the growth area.
    
Currently, more than 500 aircraft are on contract. However, Green Sunrise should see this more than double within the next five years, along with output, from almost 30,000 units in 2018 to approximately 60,000 units in 2022. Additionally, the company expects to double revenue in the next five years from the expected 2018 result of $101.2 million to $200 million. „


There will be a Regional Center of Excellence in South America next year. This will have a full portfolio of MRO capabilities combined with full portfolio of part numbers, along with a maximum level of automatisation, airworthiness compliance and quality.
    
Mid-size MROs, which have repair and overhaul capabilities on selected part numbers, will be established in North America, Russia, Spain, South Korea and the UK.
    
Small-size MROs, which have repair capabilities on limited part numbers, will appear in Indonesia, Malaysia, the Philippines and Thailand.
    
The rationale of having more mid- and small-size MROs is for the company to move closer to its customers and provide a value-added service.
    
Additionally, there will be a sales office and warehouse in Tianjin.
    
He says the company has developed a unique closed-loop business model since its foundation in 2008, which has enabled TP Aerospace to become a leading supplier of wheels and brakes. It sources wheels and brakes in the aftermarket, which are repaired and sent to strategically placed warehouse facilities around the world. From there, the units are sold on the day-to-day trading market, or used in the Program Division to support cost-per-landing contracts with customers that are mainly airlines with less than 50 aircraft. Unserviceable components from customers are returned to the in-house MRO facilities and become inventory again. TP Aerospace has a total pool of more than 15,000 units. >>

 


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