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Welsh Government visits TES

ContactUs@tes-uk.com (Editor) — Thu, 26 Jan 2012 00:00:00 GMT

The Deputy Minister for Skills, Jeff Cuthbert announced during his recent visit to TES Aviation Group, the launch of a new £30m Welsh Government scheme that aims to support the creation of 3,000 jobs over the next three years.

TES, who welcomed The Deputy Minister to its 130,000 sq ft Bridgend facility are benefitting from £228,935 under the first Skills Growth Wales programme to improve the skills of its staff.

Ashley Cooper, CEO of TES Aviation Group said: “Skills Growth Wales funding has meant that we have been able to implement our aggressive growth plans with the confidence that recruitment of new staff would be backed by the required level of both role specific skills and leadership development training.

“It has been an exciting and challenging growth year for the TES business, and we are planning for more growth next year. Skills Growth Wales has been a significant benefit to us by helping us to deliver on our mission of providing a platform of services to a global client base, underpinned by organisational excellence.”

The extended programme will provide training support until 31 March 2015 to help a further 200 companies achieve their growth plans.

“Skills Growth Wales is highly regarded by the private sector for its success in encouraging growth and creating new employment opportunities,” said Mr Cuthbert.

TES Adds CFM56 to Approved Disassembly Capability

ContactUs@tes-uk.com (Editor) — Fri, 29 Jul 2011 00:00:00 GMT

TES has celebrated the induction of the first CFM56-3 engine to be disassembled at the Bridgend facility this week. The addition of the CFM56-3 engine complements TES’ existing disassembly capability on the RB211-535E4 engine and has been brought on line in support of its strategic product focus and a growing CFM56-3 client base. As with the RB211-535E4, the CFM56-3 will become approved under its existing EASA 145 approval. TES has recently developed a partnership with a major airline client that will result in a growing throughput of CFM56-3 engine acquisitions. With additional external disassembly capacity provided by its MRO partnership network, TES is well positioned to continue to grow its material inventories as a substantial provider of quality CFM56-3 material to the aftermarket.

Karl Gibson, Operations Director of TES Aviation Group said; “We are delighted to have now added the CFM56-3 engine to our disassembly capability and this compliments over 15 years of TES technical management experience on this product and our growing EASA 145 services. Following on from this success, we remain committed to continuing investment that allows us to adapt to the changing needs of the industry, whilst continuing to work towards our shared objective of reducing operating costs for our client base and the industry as a whole.”

TES Receives OHSAS 18001 Certification

ContactUs@tes-uk.com (Editor) — Tue, 24 May 2011 00:00:00 GMT

TES today announced it has received OHSAS 18001 certification. TES provides technical and commercial support to airlines and leasing companies for engine fleet management programmes, engine repair management, spare engine support and management services to the commercial engineering support. Its facilities also include warehousing and workshop activities including engine disassembly.

Now an EASA145 approved organisation supported by an OHSAS 18001 Health and Safety Management System, TES has further strengthened its position to providing platform solutions to global aircraft engine partners underpinned by organisational excellence in a safe and efficient working environment. The commitment to continual improvement through its Occupational Health & Safety Management System has resulted in TES seeing its already high standard of worker safety and preparation for regulatory inspections, increase to higher levels.

Mark Bailey, Facilities and Project Manager at TES said, ‘Many of the requirements for OHSAS 18001, such as management review, document control, internal audits, and corrective and preventive actions were already common place within our organisation, so it has made perfect sense to target and successfully gain this accreditation.’

For the downloadable certificate please go to the Quality Standards and Systems section of the website.

TES Opens New Office in Dallas

ContactUs@tes-uk.com (Editor) — Wed, 23 Mar 2011 00:00:00 GMT

TES has announced the opening of its latest global franchise office in Dallas, Texas. The Dallas office will support the delivery of the platform of TES services of innovative fleet management solutions, quality overhauled material supply and stub-time lease engine provision all aimed at driving down the cost of ownership for the growing TES client base. The addition of the US operation supplements TES’ existing facilities headquartered in Wales UK, and with offices in Amsterdam, Singapore and New Zealand.

TES manages a global engine portfolio in excess of 600 engines across all OEM’s valued in excess of $2.5BN. Its client base benefit from innovative fleet management solutions provided by the largest and most experienced professional powerplant engineering group in the world, and supplemented by a growing asset base of engines available for green-time leasing and quality overhauled parts to significantly reduce the cost of engine maintenance events.

Ashley Cooper CEO of TES Aviation Group said “ We are delighted to add Dallas to the TES Franchise. We are now truly global in the provision of our unique platform of services. We look forward to expanding our US business and to enhancing our support to our existing US client base.”

TES Takes Delivery of Final JAL Aircraft

ContactUs@tes-uk.com (Editor) — Tue, 8 Mar 2011 00:00:00 GMT

In an historic event, TES accepts delivery of the final 747-400D aircraft from Japan Airlines this month. The CF6-80C2B1F powered B747 is the final aircraft of 6 aircraft delivered to TES under a deal involving DVB Bank, Deucalion Aviation Funds and Sojitz Corporation.

All aircraft have been flown to Arkansas, USA. Universal Asset Management (UAM) is handling the disassembly and sales of all airframe material following purchase of the airframes by Aircraft Solutions, LLC. TES is responsible for the exit of all of the CF6-80C2B1F engines through a combination of stub-time engine leases and engine parts sales.

Ashley Cooper CEO of TES Aviation Group stated “It has been a pleasure to work with JAL on this program which has seen the phase-out of their domestic 747 operations. The CF6 engines continue to generate very strong demand in the market place from a lease and a parts perspective. This acquisition has significantly increased our CF6 inventory levels and has positioned us as one of the leading stockists of quality overhauled CF6 materials in the market place. TES continues to develop a strong platform client base for clients requiring a proactive Technical and Commercial Management Program, lease engine support and quality overhauled parts to reduce maintenance cost.”

Martinair Signs New Contract with TES

ContactUs@tes-uk.com (Editor) — Tue, 15 Feb 2011 00:00:00 GMT

Amsterdam based airline Martinair has signed a new Fleet Management contract with TES Aviation Group it was announced today.

TES and Martinair began working together in 2005, formalising their relationship in 2006 with the signature of a comprehensive engine fleet management contract. The new contract comprises a long term exclusive engine Fleet Management agreement covering the entire Martinair aircraft fleet; a total of 52 engines with permanent positioning of staff to Holland and Singapore in support of the agreement.

Karl Gibson, Operations Director at TES, said “This new contract serves as the benchmark for the TES ‘platform solution’ offering fully integrated maintenance and materials management services. We are extremely pleased to have secured such a long term partnership with Martinair re-enforcing the excellent relationship and successes built over 6+ years of working together”

Peter van der Horst, Vice President Maintenance & Engineering at Martinair, said “We are more than happy to continue our solid and respected cooperation with TES with this new contract”

TES Singapore Receives ISO 9001:2008 Certification

ContactUs@tes-uk.com (Editor) — Tue, 1 Feb 2011 00:00:00 GMT

TES in the Community

ContactUs@tes-uk.com (Editor) — Tue, 19 Oct 2010 00:00:00 GMT

TES is a passionate supporter of local charities, understanding the importance of helping local communities and ‘giving something back’ to local areas. Following the recent global expansion of the company, TES has been able to reach a number of very different but worthy causes.
Following the recent opening of the TES Asia Pacific office in Singapore, a number of TES staff and their families were seconded to the region of Changi. Here TES was introduced to the charity Sanctuary House, a volunteer welfare organisation charity and institute of public character dedicated to preventing abandonment of babies and children. The work carried out at the centre is incredibly important in supporting under privileged children and families in the local area. TES recently made a considerable donation and continues to support this very worthy cause.
TES’ 130,000 sq ft headquarters is based in Bridgend, Wales and supporting local charities is of upmost importance to the 106 TES staff that live in the surrounding areas. TES recently made a donation to a local golf charity event organised by Sony to raise money for local charities such as The Joshua Foundation, a charity providing holidays and experiences to children and their families, where the child is diagnosed with terminal cancer.
In addition, TES is set to support The Engineering Education Scheme Wales in 2011, which operates in partnership with the Royal Academy of Engineering and encourages the best talent in schools in the local areas to take up engineering as a career.

TES and National Air Cargo Group, Inc.

ContactUs@tes-uk.com (Editor) — Thu, 29 Jul 2010 00:00:00 GMT

TES Aviation Group, the original Total Engine Support, has established a partnership with National Air Cargo Group, Inc., to utilise their proven engine type experience to manage the airlines CF6-80 and RB211-535 engine fleet program.

National Airlines based in Ypsilanti, Michigan has outlined a dynamic fleet renewal plan to cater for the company’s expanding charter and air freight business. Understanding the requirement to protect the asset value of each anticipated aircraft addition, National recognised the need to partner with an established engine specific service provider capable of providing a platform service of engineering/ lease engine and material support.

Mr. Ashley Cooper, Chief Executive Officer of TES Aviation Group, said, “We are delighted to welcome National Air Cargo Group, Inc., as the latest client of the TES integrated fleet management program. We look forward to managing their fleet for maximum reliability at the lowest cost per flight hour.”

TES Opens New Facility in Singapore

ContactUs@tes-uk.com (Editor) — Mon, 17 May 2010 00:00:00 GMT

TES Aviation Group, the leading aircraft engine asset management service provider, is expanding globally with the opening of a new facility in Singapore, its first outside the UK.

The state of the art facility offers TES the ability to provide a range of platform solutions to its Asia Pacific partners underpinned by the organisational excellence that is the corner stone of the TES business. Based close to Changi Airport the 9,000sqft facility provides warehousing, logistics, parts and engine storage as well as engineering fleet management services to the growing TES customer base in the region. Additional services will be added over time to supplement the Asia Pacific offering.

Ashley Cooper, CEO of TES said;
“TES is delighted to be adding Singapore to its global franchise. This new facility will allow us to more efficiently support our expanding Asia Pacific client base across the complete platform of TES services.”

TES has been successfully supporting its Asia Pacific client base for over ten years utilising resources from its UK HQ and by deploying seconded personnel into selected client locations in the region. With a total of twelve employees, including experienced Engineers, Warehousing/Logistics Personnel and a Materials Sales team, the new Singapore facility is an important milestone in the company’s ongoing growth plans.

In line with the expansion of the franchise, TES is now able to offer a wider, more integrated platform solution to its client base, bringing together engineering expertise, with long term client program management, maintenance, repair and overhaul management, overhauled condition piece parts supply and short term lease engine provision. In addition TES has widened its product reach, expanding significantly in CF6-80C2, PW4000, CFM56 Series, V2500 Series and RB211-535E4 engine types.

In establishing its new facility, TES is making a multi-million dollar investment in Singapore. This investment is not only creating employment for Singaporeans but brings to Singapore unique skills that, until now, have not been available to the many start-ups, operators, leasing companies and investors in the region who form the TES customer base. These skills include engine technical inspection and commercial management, engine fleet management, engine disassembly and piece part repair management and materials sales and distribution.

Sia Kheng Yok, Director of Transport Engineering, Singapore Economic Development Board, said;
“We warmly congratulate TES Aviation Group on the opening of its first facility outside of the UK, here in Singapore. This decision affirms the important role Singapore plays for companies looking to tap into the growing Asian markets. The company’s total engine support services address an emerging trend in the aerospace sector and will be an excellent complement to our MRO cluster. This development will further reinforce Singapore’s position as a global aerospace hub.”

Customers, suppliers and dignitaries assembled to celebrate the official opening of the new TES Asia Pacific facility on Thursday May 13th 2010.

TES receives EASA Part 145 Approval

ContactUs@tes-uk.com (Editor) — Fri, 19 Mar 2010 00:00:00 GMT

TES Aviation Group, the leading aircraft engine asset management service provider, today received its EASA Part 145 certification. The approval, reference UK.145.01226, enables TES to certify maintenance activities and is an important milestone in the company’s ongoing growth plans.

Ashley Cooper, CEO of TES said “The ability to provide EASA 145 services to our global partners adds significantly to our existing array of platform solutions, and takes us a step closer to the Ultimate Total Engine Support offering.”
He added, “We will be building on our initial scope in diversifying both the range of services and the breadth of engine products that we cover.”

The initial scope of EASA 145 activities enables certification of borescope inspections on the RB211-535E4, PW4000-94” series and CFM56 series engines. In addition on the 535E4, the scope extends to component removal and replacement, fan blade changes, fan modules changes, gearbox module changes.

Please go to the Quality Standards and Systems section of the website for the downloadable certificate.

TES to Support PT Sriwijaya Air

ContactUs@tes-uk.com (Editor) — Tue, 2 Feb 2010 00:00:00 GMT

Jakarta based PT Sriwijaya Air is the latest customer to sign up to a Fleet Management Program offered by TES Aviation Group. The five year contract will see TES supply engine technical services, lease engine and material support for Sriwijaya Air’s CFM56-3 powered B737-300 fleet.

Speaking on behalf of Sriwijaya Air, Cpt. Harwick Lahunduitan, VP remarked “our partnership with TES provides us with leading technical and logistical support and another way to provide visibility and control of Engineering and Engine Maintenance costs.”

This program coincides with the UK based TES Aviation Group opening a facility in Singapore. “It is exciting times at TES and the launch of our Singapore franchise to support the platform of TES services is a significant step” says Ashley Cooper, CEO. He added “to have an expanding and forward thinking operator in Sriwijaya Air as our first Asia Pacific FMP customer is very gratifying. We look forward to playing a major part in their cost competitiveness and significant regional growth”

TES Engineers Interviewed for Aircraft Technology

ContactUs@tes-uk.com (Editor) — Mon, 30 Nov 2009 00:00:00 GMT

Employees of TES have been interviewed for an article on ‘Managing Engines Wisely’ for the Aircraft Technology Engineering and Maintenance magazine.

To read the full article download the Aircraft Technology magazine.

TES Opens New Corporate HQ in Bridgend

ContactUs@tes-uk.com (Editor) — Wed, 10 Jun 2009 00:00:00 GMT

TES Aviation Group’s new corporate headquarters was officially opened on 5th June, by The Right Honourable Rhodri Morgan AM, First Minister for Wales. The company moved their existing offices in Rhondda Cynon Taff and St. Athan to one larger facility in Bridgend, in order to provide a foundation for their significant growth plans over the coming four years.

Ashley Cooper, the CEO of TES, said

"We have been searching for a suitable site to combine our requirement of 30,000 square foot of corporate offices and 60,000+ square foot of warehouse and operations space. This facility provides our ideal accommodation mix to co-locate our two existing sites. We are extremely excited about our move to Bridgend and the benefits the new facility will bring."

Speaking before an assembled group of customers, suppliers and other dignitaries which included Cllr Mel Nott Leader of Bridgend County Borough Council, The Rt. Hon Rhodri Morgan talked about the opening of TES' original offices in the Valley’s Innovation Centre in Abercynon in 2001.

"It has been eight years since I opened the original TES office at the Valleys Innovation Centre in Abercynon. Since then the premises have grown by some 3000% to the current 130,000 sq ft and incorporates aircraft engine dismantling, logistics and parts storage activities."

TES has grown to a staff of 100 and is now one of the world’s foremost providers of aircraft engine asset management services. As well as managing a client portfolio of aircraft engines valued in excess of $1.5Billion, TES offers an integrated management solution providing engineering services, aircraft engines for lease, as well as a broad range of aircraft engine parts .

The First Minister stated that

"It is very impressive to see a home-grown success story like TES succeeding so well in a global industry dominated by the big multi-nationals. We look forward to seeing them go forward and provide even more exciting job prospects over the next 5 years."

Mr Grabowski, Mr Skirrow and Mr Pirbhai from DVB all attended the event. Speaking at the opening Mr Grabowski, stated

"The value of an aircraft at the end of its’ economic life resides in the engines. Whoever controls and understands that value and controls the spare parts process, is effectively able to create value for their clients, and also for their shareholders in an area that is often overlooked by other aviation banks. This is the key reason that DVB invested in TES."

Mr Grabowski went on further to thank the First Minister, the Welsh Assembly Government and in particular the Knowledge Bank for Business (KB4B) for the support given to TES since its inception.

The event concluded with guided tours of the facility and a buffet served in a marquee located in the 60,000 sq ft warehouse and operations space.

TES Announces Increase In Company share capital

ContactUs@tes-uk.com (Editor) — Fri, 5 Dec 2008 00:00:00 GMT

TES Aviation Group announces an increase in the Company's share capital by DVB Bank SE as part of an ongoing programme to increase funding facilities of the business for the acquisition of aircraft and engines.

Bob James, Managing Director and CEO (Joint) said

"We are delighted to see the continued DVB financial commitment to the TES business model, which comes at a time in the cycle where liquidity is clearly a major factor, lenders are retreating from the market, and many of our competitors simply struggle to raise funding to close transactions. With DVB's support, TES will continue to pursue its focused investment activities to promote its short-tem engine leasing and materials supply business".

TES purchases two RB211-535E4 Boeing 757 Aircraft

ContactUs@tes-uk.com (Editor) — Mon, 1 Dec 2008 00:00:00 GMT

TES Aviation Group a member of DVB Bank AG, purchased RB211-535E4 powered Boeing 757 aircraft MSN's 22960 and 22781, leased back to Monarch Airlines UK providing a cost effective, flexible engine solution as part of the Monarch fleet renewal programme.

TES Aviation Group is an independent, aircraft engine asset management organisation who not only offer engine disassembly, part-out and materials procurement services, but engine management and consultancy services also to owners and operators of aircraft engines.

DVB aquires majority shareholdings in TES aviation

ContactUs@tes-uk.com (Editor) — Tue, 17 Jul 2007 00:00:00 GMT

DVB Bank AG, which specialises in transport finance, announces that, effective 16 July 2007, in line with its aspiration to grow its aviation investment franchise, it has purchased a majority shareholding in TES Aviation Services Limited, a leading aircraft engine asset management service provider headquartered in Cardiff, South Wales, UK. TES, which was established in 1995, has developed under the private ownership of founders Bob James and Ashley Cooper to a highly respected, global business employing 51 people. The TES Aviation Group offers innovative commercial and technical solutions to owners and operators of commercial aircraft engines, and advice in general to the aviation financial community

Bertrand Grabowski, Member of the Board of Managing Directors of DVB Bank AG, said:

"TES offers DVB the opportunity to invest in an established, profitable business, offering a unique range of services. In turn, DVB offers TES the investment support of a financial institution with a dedicated focus on the aviation sector. Based on its brand and reputation which is well recognised in the international market, TES will develop as an independent operating business within the DVB Group. Under the continued management of Bob (James) and Ashley (Cooper), who remain committed shareholders, we expect the company to achieve its growth potential in its parts trading and leasing operations."

Ashley Cooper, co-founder and Joint Managing Director of TES, said:

"In DVB we have a new committed, long-term partner, which in addition to bringing required new capital for growth, has the industry expertise to understand TES' business and therefore enable the company to accelerate its planned development"

TES has grown significantly since its formation in 1995 with currently two premises at the Engineering / HQ at the Innovation Centre, Abercynon and at its 50,000 sq ft engine dis-assembly facility at RAF St Athan. Ashley Cooper said:

"We are delighted with the support we have received to date during the growth of the business from the Welsh Assembly Government (WAG) and its associated entities, specifically in financial support from Finance Wales and latterly from KB4B in strategic development. Our bankers, Barclays have also contributed to the growth of the business through their range of financial solutions and TES will seek to continue and develop the excellent relationships with our partners through the next phase of the business's growth. The engine dis-assembly facility is located at the WAG owned St Athan site"

"Through WAG we are actively exploring bringing our two operational sites together under one roof as part of the WAG development of the St Athan Aerospace Park and are very optimistic about the synergies and growth opportunities this will bring to the TES business and to the South Wales area."

Grant Thornton Corporate Finance in Cardiff were retained by the TES shareholders to lead the international process of finding a suitable equity partner to facilitate the business growth. The Grant Thornton team led by Paul Oldham and Trefor Griffith said:

"It was evident from early in the process that DVB would be an excellent investor and long-term partner for TES. TES is an excellent business and we look forward to watching their significant growth with the support of DVB"

Note to Editors

DVB Bank AG, based in Frankfurt/Main, is an international advisory bank and finance house that specialises in the global transport market. DVB offers integrated financing solutions and advisory services in respect of Shipping, Aviation, and Land Transport. The Bank operates out of offices in Frankfurt/Main, Hamburg, London, New York, Rotterdam, Hong Kong, Singapore, Tokyo, Bergen/Oslo, Piraeus, and Curaçao. DVB Bank AG is listed on the Frankfurt Stock Exchange (ISIN: DE0008045501).
www.dvbbank.com

TES Aviation Group is an independent aircraft engine asset management organisation, offering engine management consultancy services, engine disassembly, part-out, and materials procurement, to owners and operators of aircraft engines. Total Engine Support Ltd was founded in 1995 by Ashley Cooper and Bob James, former employees of Rolls-Royce & General Electric.
www.tes-uk.com

Contacts

Prof. Dr. Borislav Bjelicic
Senior Vice President
Corporate Communications DVB Bank AG
Phone: +49 (0) 69 9750 4390
borislav.bjelicic@dvbbank.com

Ashley G. Cooper
Joint Managing Director & CEO
TES Aviation Group
Phone: +44-1443-743500
ashley.cooper@tes-uk.com

Airbus Asset Management retains TES for 3 years

ContactUs@tes-uk.com (Editor) — Fri, 15 Dec 2006 00:00:00 GMT

UK based, TES Aviation Group, are pleased to announce the renewal of the Engine Fleet Management contract with Airbus S.A.S for a further 3 years, effective as of 20th November 2006.

Under this contract, TES will continue to provide a range of engine asset management services for Airbus’ leased aircraft portfolio.

TES is delighted that Airbus has decided to renew the contract and look forward to continuing their longstanding relationship.

The TES Engine Lessor Management Program provides full technical and commercial tracking and forward forecasting of the risks associated with leasing and operation of turbine engines. The programs are managed via the EFPAC™ (Engine Fleet Planning & Costing) software system and are focused on retention of asset value across a leased portfolio, minimising risks and reducing overall cost of operation. This is further achieved through activities such as, engine shop visit management/overview, engine delivery and re-delivery technical and commercial management and parts provisioning to minimise maintenance costs.

TES Aviation Group is an independent, aircraft engine asset management organisation, offering engine management consultancy services, engine disassembly, part-out, and materials procurement, to owners and operators of aircraft engines.