26 Feb 2019
AJW Technique has emerged from the ashes of Air Canada Technical Services and Aveos to become an important player in the international component repair market, Ian Harbison reports from Montreal.
After Air Canada entered bankruptcy protection in 2003, it was acquired the following year by ACE Aviation Holdings, which split Air Canada Technical Services (ACTS) from the airline business. In September 2008, after ACE Aviation sold 70% of the company to two US private equity funds, ACTS was rebranded as Aveos. Unfortunately, this was followed by a financial crisis and a downturn in the airline industry. While it staggered on for a while, the company was eventually liquidated in March 2012.
AJW Group had been working with Aveos for several years, both as a customer for component repairs and as a partner, managing inventory. After evaluating whether bits of Aveos could be salvaged, the company ended up taking itover completely in September 2012. Gavin Simmonds, General Manager (and, since July 2017, COO of AJW Group), says this mainly consisted of the building, next to Montréal–Pierre Elliott Trudeau International Airport, without fixtures and fittings. Financial help was provided by the Fonds de solidarité
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