Benzinga | May 3, 2021 03:49PM EDT

Triumph Group Reports Its Triumph Aviation Services Asia Unit Signed Memorandum Of Understanding With Thai Aviation Industries, No Terms Disclosed

Triumph Group (NYSE:TGI) announced today that its Triumph Aviation Services Asia Ltd. (TASA) business has signed a memorandum of understanding (MOU) with Thai Aviation Industries Co., Ltd (TAI), a certified repair station under the Civil Aviation Authority of Thailand (CAAT). TASA is a subsidiary of Triumph Group, located in Chonburi, Thailand.

The MOU, executed at a ceremony presided over by Air Chief Marshal Supachai Saingurn, Managing Director of TAI, and Monty Richardson, President of TASA, commemorates both parties' intent to cooperate on a wide range of training, business development and maintenance services, including composite training for Diamond DA40 and DA62 aircraft maintenance, design of approval (DOA) support, testing, repair, calibration and overhaul of aircraft components, as well as new capability development in aircraft structures and satellites.

"The establishment of this MOU is an important milestone for both TASA and TAI, marking the continuation of the cooperative relationship that Triumph Group is advocating with our local and regional Asia-Pacific partners and customers," said Richardson. "This is a key foundation for mutual understanding and leveraging of our individual and organizational strengths and capabilities."

Thai Aviation Industries Co., Ltd., Thailand's premier international MRO, has various capabilities including aircraft maintenance up to O-level, component repair and overhaul of piston engines and propellers, aircraft parts and logistics support, NDI service up to level-3 and an ISO 17025 standard tools and equipment calibration shop. More information about TAI can be found at http://taithailand.com