FL Technics, a global provider of aircraft maintenance, repair and overhaul (MRO) services, has begun 2020 by strengthening its position in Europe with the acquisition of Italian company Flash Line Maintenance S.r.l. The company provides line maintenance services for the Mediterranean region, and its acquisition will enable FL Technics to expand its line maintenance network to more than 50 line stations across Europe. With its expansion, FL Technics will become one of the largest providers of line maintenance services in Europe.
Zilvinas Lapinskas, CEO of FL Technics commented: "This acquisition represents another strategic move by FL Technics into becoming a high-performance line maintenance network located in the globally significant aviation market. So with this new investment, our own line maintenance station network, and the previously acquired Storm Aviation station network, FL Technics is able to significantly strengthen its partnership with existing clients across the continent. FL Technics intends to invest in this newly acquired business by capitalizing on development opportunities within the market.”
Flash Line Maintenance S.r.l. acts as a line maintenance service provider for narrow- and wide-body aircraft and provides line maintenance services in 15 line maintenance stations operating in various airports in Germany, France, Italy and Spain. The company’s client portfolio includes regional, international, cargo and low-cost airlines such as Volotea, EasyJet, British Airways CityFlyer, Wizzair, ASL Airlines, Air Dolomiti.
"With this acquisition, Flash Line Maintenance S.r.l. enters in a major network and makes a serious move towards its ambition to become a leading provider of aircraft line maintenance services in the Mediterranean region", announced Dr. Ing. Daniele BALANI, Founder and Director of Flash Line Maintenance S.r.l.
FL Technics has been operating in the MRO services market for nearly 20 years and has offices in Lithuania, UK, Indonesia, Thailand and China. The company provides line maintenance services across Europe, Asia Pacific, Africa and CIS countries. To strengthen its position in the Asian region, FL Technics formed a joint venture company FL ARI Aircraft Maintenance & Engineering Company Ltd in 2018 with partners China Airlines Leasing Group Holdings Limited (CALC) and their subsidiary Aircraft Recycling International (ARI) in Harbin, China.