GREENSBORO, N.C. — TIMCO Aviation Services of Greensboro, N.C., has purchased the assets used by PEMCO World Air Services (“PEMCO”) at Cincinnati-Northern Kentucky International Airport (CVG) in its former aircraft maintenance, repair and overhaul (MRO) operation. TIMCO has signed a lease agreement for the hangar previously occupied by PEMCO and will use the facility to grow the existing base of business there serving regional aircraft operators.
TIMCO has been seeking capacity and capability to add regional aircraft services to its diversified MRO business and views the addition of the existing workforce and customer base at CVG as an ideal way to accomplish this objective, the company said in a news release. With its announcement, TIMCO has effectively taken control of the operation and begun delivering services as TIMCO Aviation Services.
The move to begin operations at a 126,000-s.f. aircraft hangar at CVG last week marks the company’s first entry into the regional jet market, according to a report in The Business Journal of North Carolina. Kip Blakely, TIMCO’s vice president of industry and government relations, told The Business Journal the company is jumping into this market partly because the current fleet of regional jets is getting older and needs maintenance.
The hangar facility at the CVG was ideal because it already had tooling in place and an incredible work force available, Blakely said. TIMCO purchased the assets used by PEMCO World Air Services for an undisclosed price and signed a lease agreement for the hangar previously occupied by the company.
Some 50 PEMCO workers became TIMCO employees as part of the transition, The Business Journal reported. Blakely added that there is an abundant pool of talent that TIMCO can pull from in an area where Comair used to have a large presence.
“There’s just a lot of people with an aviation work force background,” he said. “That was very appealing to us.”
TIMCO has a reported 1,800 employees in North Carolina.
“The commonwealth is thrilled to welcome TIMCO Aviation Services to Northern Kentucky,” said Gov. Steve Beshear. “By serving regional aircraft operators, TIMCO enhances our aviation industry, which is an invaluable asset for economic development, commerce, as well as passenger travel. This is an outstanding company, and the number of additional jobs and investment TIMCO is anticipating represents opportunities, growth and a better future.”
Bill Norman, president of TIMCO MRO Services, said, “We are very impressed with the skills, quality and experience of the team currently in place at the facility. We anticipate hiring additional staff and making a significant investment in new tooling and equipment to support the additional capabilities and growth we have planned for the operation.”
Kevin Carter, TIMCO’s Chief Executive Officer added, “A number of key stakeholders worked quickly to make this economic investment in the community possible. We are especially grateful for the help and support from the Kenton County Airport Board, the FAA Cincinnati Flight Standards District Office, the Kentucky Economic Development Finance Authority, Boone County and the Tri-County Economic Development Corporation.”
TIMCO Aviation Services is one of the largest, independent aircraft maintenance, repair and overhaul (MRO) providers, supporting global aircraft operators and owners with comprehensive aircraft care services including base maintenance from three multi-hangar locations. The company’s TIMCO Aerosystems division provides interiors design, engineering, certification and integration services, as well as manufactured products including the FeatherWeight™ line of galleys, lavs and passenger seating. The TIMCO Engine Center provides engine MRO and TIMCO LineCare™ delivers line maintenance and cabin care at airports across the U.S.