Atlas Air to open MRO base in Seoul, Korea in 2025
Atlas Air Worldwide Holdings, the parent company of US freight specialist Atlas Air (5 years, New York JFK), and South Korean heavy maintenance provider Sharp Technics K join forces to establish a dedicated maintenance, repair facility and overhaul (MRO) in Seoul Incheon in 2025.
The move will allow Atlas Air to continue its expansion in Asia-Pacific by providing a solution to its growing wide-body maintenance needs in the Asia-Pacific region, said John W. Dietrich, President and CEO of Atlas Air. Worldwide in a press release. “Incheon International Airport is a key airport for us in our global network as we serve customers around the world. Our partnership with Sharp Technics K will allow us to further streamline maintenance planning through their integrated approach to servicing our fleet, ”he said.
Speaking after a memorandum of understanding was signed in Seoul, Sharp Technics K chairman Soon-Suk Paik said the facility would accommodate multiple wide-body aircraft at the same time, allowing the airport to expand its air cargo and e-commerce business and expand its role in the MRO aviation industry. “This development will serve as a cornerstone for further growth as we strengthen Korea’s competitive position in serving the global aviation MRO industry,” added Kyung-Wook Kim, President of Incheon International Airport Corporation. .
A 2.5 bay hangar that can simultaneously accommodate two large carriers will be built. Depending on demand, it would be possible to build another hangar of the same size, bringing the capacity to five aircraft.
About 40% of Atlas Air’s fleet of 138 aircraft would likely benefit from maintenance at the facility. Atlas Air has estimated that the new facility will generate an average of $ 5.6 billion in revenue over 50 years from 2025, with new jobs for up to 1,200 engineers.
Atlas Air has a fleet of 82 aircraft, including twenty-four B747-400 (FSCD), fourteen B767-300 (ERBDSF) and ten BB747-8 (F), according to advanced data from ch-aviation. The rest of the fleet is made up of seven B747-400, two B747-400 (BCF), B747-400 (BDSF) and B747-400 (ERF), plus four B747-400 (LCF) s, six B767-300 ( ER), eight B767-300 (ERBCF) and two B767-300F.
Atlas Air Worldwide is the holding company of Atlas Air, Southern Air Holdings and Titan Aviation Holdings, and the majority shareholder of Polar Air Cargo (PO, New York JFK).