Lake Charles, Louisiana, 29 July 2005
EADS North America has sold its EADS Aeroframe Services business unit to a company led by industry leader Roger Porter and which is to operate under the Aeroframe Services name. The acquisition of the Aeroframe Services business will add maintenance, repair and overhaul (MRO) services and capabilities to Mr. Porter's Linden Street Capital Corporation's growing portfolio of aircraft service operations.
Porter, who currently is president of Linden Street Capital Corporation, also becomes president of the new acquisition. Terms of the business unit's sale by EADS North America were not disclosed.
Aeroframe Services is located at Lake Charles, Louisiana, and offers MRO and line support for Airbus widebody and single-aisle jetliners, as well as interior refurbishment, cabin conversion and paint and strip services on all makes of aircraft up to the Airbus A340 and Boeing 747.
"The Aeroframe Services business will be in good hands with Roger Porter, who is focused on the company's further development and on its success in a highly competitive marketplace," said Ralph D. Crosby, Jr., EADS North America's Chairman & CEO. "EADS North America is committed to transitioning Aeroframe Services in a way that positions the company for continued growth and reflects our commitment to our employees and the Lake Charles area. This step accomplishes those goals."
"The acquisition of Aeroframe Services fits into the strategic growth plan of our aircraft services activity," Porter said. "We will continue Aeroframe Services' focus on Airbus jetliners, while also looking for opportunities to add other aircraft types to its portfolio of capabilities."
Linden Street Capital Corporation was created in 1977, and handles the manufacturing and repair of replacement aircraft parts, as well as on-wing support for U.S. and international airlines. The company is headquartered in Memphis, Tennessee and has a presence at repair stations and facilities throughout the U.S. and in Asia.
Porter has been president of Linden Street Capital Corporation since 2001, coming to the company after a 19-year career with Federal Express. He began as an entry-level mechanic at FedEx, and worked his way to a position as senior manager of the airfreight company's Memphis hangar facilities and avionics line prior to joining Linden Street Capital Corporation.
About EADS North America (www.eads-na.com)
EADS North America is the North American operations of EADS, the second largest aerospace and defense company in the world. As a leader in all sectors of defense and homeland security, EADS North America and its parent company, EADS, contribute over $6 billion to the U.S. economy annually and support more than 100,000 American jobs through its network of suppliers and services. With 10 operating companies located in 28 cities and 15 states, EADS North America offers a broad array of advanced solutions to its customers in the commercial, homeland security, aerospace and defense markets.
