Tulsa-based NORDAM announced Monday that the aerospace company and China Airlines have signed a joint venture agreement to establish NORDAM Asia Limited, according to a company press release. The new joint venture company will repair and overhaul structural aircraft components for the China Airlines fleet and other airlines in the Asia-Pacific region.
NORDAM’s key leaders and other executives welcomed visiting dignitaries, including a delegation from the Taiwanese Ministry of Economic Affairs, to the NORDAM Repair Division in Tulsa for the signing event.
“NORDAM specializes in providing ‘in-manual’ component repairs as well as innovative ‘out-of-manual’ repairs for customers around the globe,” said T. Hastings Siegfried, NORDAM’s vice chairman and chief operating officer of its international joint ventures and the Asia-Pacific region. “Working together with China Airlines, we are improving access for all airlines in the Asia-Pacific region to choose our unparalleled expertise as a more cost-effective option.”
The joint venture will encompass a significant workload from China Airlines and its affiliates which include Tigerair Taiwan and Mandarin Airlines, while affording proximity to regional customers as a strategic objective of the company’s maintenance, repair and overhaul business in the Asia-Pacific region.
For China Airlines, the flag carrier and largest airline of the Republic of China (Taiwan), the agreement upgrades proficiencies, reduces labor and transportation costs, expands its share of the third-party maintenance, repair and overhaul market and promotes development of the aviation and aerospace sector in Taiwan.
NORDAM Asia Limited will leverage the China Airlines Cargo freighter network for freight-cost advantages and China Airlines status to pursue more economical raw-material purchases and spare-parts pricing while benefiting from NORDAM’s industry alliances and existing network of sales representatives in Asia Pacific, according to the company press release.
“We share common objectives to develop, build and operate a cost-effective repair hub, capitalizing on affordable Taiwanese costs and impressive infrastructure,” said Nuan-Hsuan Ho, Chairman of China Airlines.