S7 Technics restructuring: maintenance business unbundled
S7 Technics holding has announced structural changes aimed at further improvement of the operational efficiency of its two main businesses
Whilst Engineering Holding used to unite several companies involved both in production and in aircraft maintenance under a single S7 Technics brand name, now the two lines of business have been distinctly separated.
The holding’s shareholders decided to unbundle the maintenance business into a separate entity. In the end of 2019 two aircraft maintenance service providers – S7 Engineering and Sibir Technic merged. In January 2020 the process of merging Novosibirsk maintenance base as well as line stations in Irkutsk, Vladivostok and Yakutsk fully competed.
The joint company based on the premises of S7 Engineering became the holder of all respective approvals for expanded capabilities, including EASA Part 145 and EASA Part 21J and will continue operation as S7 Technics. Vladimir Perekrestov has been appointed to the general director of S7 Technics.
At the same time Engineering Ltd will continue its activity with several development and production companies under its wing, such as Penza-based Special Design Bureau for Turbochargers, S7 Development Center, Project Victory and other production and engineering assets. It is also responsible for Novosibirsk-based TAT Engineering, JV with TAT Technologies, which specializes in aircraft heat exchanger system repairs.
Igor Panshin, deputy general director, marketing and sales of S7 Technics comments on the early outcomes of the restructuring effort:
“We decided to improve the management efficiency in each of the two businesses run by S7 Technics, so we separated the development and production from aircraft maintenance organization. These two are really very different businesses. We are confident that for the S7 Technics this measure is a step towards optimization of its business processes and simplified, more efficient customer relations. Because now S7 Technics stands for one company – S7 Engineering, not three different organizations.”
S7 Technics will continue to develop its competencies in aircraft maintenance, expand its capabilities in new directions and strengthen partnerships with the industry’s leading players.
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