Premium AEROTEC and Aequs Aerospace Mark the Start of Their Strategic Partnership at Aero India 2015 With 7 Year $50 Million Deal

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BENGALURU, February 24, 2015: At Aero India 2015, Premium AEROTEC received the first aluminium series components from Aequs Aerospace as part of a long-term agreement to supply the Airbus Legacy programme.

“For Premium AEROTEC this is the start of a strategic partnership with Aequs Aerospace and reflects an important step we are taking to reorient our supply chain in collaboration with global partners in the detail parts sector,” said Florian Mack, Head of Strategic parts procurement at Premium AEROTEC, during the celebratory hand-over of the first components at the international Aero show in Bangalore. According to Mack, Aequs offered a very attractive value proposition from its precision engineering ecosystem, located in its Belagavi SEZ. “As an established supplier to the Airbus Group, Aequs Aerospace provides customers with an integrated value chain, from surface treatment to structural assembly capabilities. The high quality of the delivered components reflects the excellence and
effectiveness of the collaboration between our transcontinental teams.”

“It is exciting to deliver these first components to Premium AEROTEC under our long term agreement,” said Walt Sirmans, President of Aequs Aerospace. Over the next seven years, Aequs Aerospace will supply approximately $50 million worth of precision machined parts for the Airbus A320, A330, A380 programs. After receiving FAI approval from Premium AEROTEC in December 2014, Aequs began delivering the first production parts just one month
later. “The Aequs Aerospace ecosystem provides our customers outstanding responsiveness, ease of doing business, and real cost savings,” continued Sirmans. “We’re delighted to be a key supply chain partner with Premium AEROTEC and we’re committed to providing world-class quality, delivery, and value.”

Airbus also sources parts from Aequs Aerospace and welcomes this association. “The strategic partnership between Premium AEROTEC and Aequs Aerospace will provide Airbus additional supply chain flexibility and economic advantages,” said Olivier Cauquil, SVP Procurement, Airbus Material and Parts.