May 29, 2017 11:33 PM ET

Aerospace and Defense

Company Overview of PEMCO World Air Services, Inc.

Company Overview

PEMCO World Air Services, Inc. provides aircraft maintenance, modification, and engineering services for air carriers in the United States and internationally. Its services include scheduled and unscheduled airframe maintenance, interior refurbishment and reconfiguration, structural modifications, avionics upgrades and installation, aging aircraft inspection, manufacturing and parts fabrication, composite repair, service bulletin and AD compliance, CPCP, component repair and overhaul, EPA approved stripping and painting, non-destructive testing, and passenger-to-freighter conversions. The company was founded in 1957 and is based in Tampa, Florida. It has additional facilities in Asia and Lat...

4102 North Westshore Boulevard

Tampa International Airport

Tampa, FL 33614

United States

Founded in 1957

Phone:

813-322-9600

Fax:

813-877-5256

Key Executives for PEMCO World Air Services, Inc.

Chief Executive Officer
Chief Financial Officer
Director of Human Resources
Corporate Controller
Vice President of Maintenance
Compensation as of Fiscal Year 2016.

PEMCO World Air Services, Inc. Key Developments

PEMCO Launches B737-700 Flexcombi & Full-Freighter Aircraft Conversion Programs

PEMCO World Air Services has launched its Passenger-to-FlexCombi and Passenger-to-Freighter conversion programs for the Boeing Next Generation 737-700 aircraft. The programs will be marketed as B737-700FC (FlexCombi) and B737-700F (Freighter). PEMCO World Air Services offers two conversion programs for the Boeing Next Generation 737-700 aircraft: the Passenger-to-Freighter (B737-700F) conversion and the Passenger-to-FlexCombi (B737-700FC) conversion. The launch customer for the PEMCO B737-700FC is Bahrain-based Chisholm Enterprises, an internationally recognized provider of tailored aviation and business solutions in the Middle East. Its subsidiary Texel Air, a non-scheduled cargo airline, will operate the B737-700FC from Bahrain International Airport.

PEMCO World Air Services Wins Three-Year Maintenance Contract with Frontier Airlines

PEMCO World Air Services has secured a three-year maintenance agreement with Frontier Airlines covering Frontier’s expanding fleet, consisting of more than 60 Airbus A320-family passenger aircraft. Maintenance services will be performed primarily at PEMCO’s maintenance facilities at the Tampa International Airport. The agreement builds on a relationship with Frontier that started in 2015 with PEMCO’s interior modifications to Frontier’s A319s and A320s, which earned PEMCO the prestigious Tech Ops Business Partner Excellence Award from Frontier. The new three-year agreement covers heavy checks, induction checks, exit checks, drop-in maintenance, on-call maintenance, and away maintenance, and includes options for extension in two one-year intervals.

Air Incheon Awards B737-400 Passenger-To-Freighter Conversion Contract to PEMCO World Air Services

PEMCO World Air Services announced an agreement with Air Incheon for the passenger-to-freighter conversion of one B737-400 aircraft. Air Incheon, currently operating one PEMCO-converted B737-400, will take redelivery of its latest aircraft in third quarter 2017. Air Incheon's B737-400 PEMCO-converted aircraft features a custom cargo loading system, up to 48,000 pounds of payload, and 4,600 cubic feet of total volume under PEMCO's supplemental type certificate. The optimized center of gravity of PEMCO's B737-400 freighter yields the higher possible usable payload and retains maximum best-in-class fuel efficiency for unbeatable range and operating economics. PEMCO's 60-plus customers select the company's passenger-to-freighter conversion for its superior cargo door and system, operating functions, on-time turnaround, and a track record of 2 million hours of safe, reliable operation. Air Incheon, the first all-cargo airline in Korea, specializes in perishables, machinery, and dangerous goods. The company is highly focused on serving the Russia Far East market, in addition to local routes to Japan, China, and Mongolia.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 3, 2017
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