Aviation News: KAEMS Open for Business
The Aerospace Industry has a new star in the Asian-Pacific— South Korea’s first MRO station, Korea Aviation Engineering and Maintenance Service (KAEMS). As of this month, the station has successfully completed its first “C-Check” on a Boeing 737 jet from Jeju Air and has another in progress on a B737 from Eastar Jet. This MRO station is a notable achievement for the aviation industry in South Korea.
KAEMS was commissioned by Korea Aerospace Industries (KAI), and 6 other Korean investors in December of 2017. The investors have future plans to expand their services to provide components and engine maintenance, gas repair, special equipment, and maintenance repairs for domestic jets and military aircraft. Located in Sa Cheon, in the South Gyeongsang Province, this MRO station has the potential to service a wide range of clients with routes through the Asian Pacific.
Demand for MROs in the Asian-Pacific has increased upwards of 40% since 2014 and is only expected to increase further in the coming years. In anticipation of growth, and to meet current demand, the investors intend for the KAEMS station to provide more than half of MRO service demand in this region by 2026. Until now, MRO service has been dominated entirely by overseas companies.
KAI is already widely known in the U.S. for its partnership with Lockheed Martin on training jets for South Korean military. Since 2016, the two companies have been pursuing a 16 billion USD contract with the U.S. Air Force to provide trainer aircraft. With commercial routes opening in Singapore and Mongolia, the KAEMS station has the potential to provide a great deal of business and notoriety to its investors.
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