The TI Group has sold its two aircraft spares companies to the UK's RF Saywell, forming what is claimed to be one of the largest aircraft-spares supplier in Europe. The acquisition of UK Southend-based Flightspares, and London Gatwick Airport-based Aerocontracts, which have a combined annual turnover of more than £12 million ($20 million), doubles the size, distribution and support network of Worthing-based Saywell. The acquisition of the Flightspares subsidiary in Hollywood, Florida, provides a foothold in the US spares market.
Source: Flight International
