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INDUSTRY TODAY 61
AVEOS • PROFILE
N NAMEANDACTIVITY, MONTREAL-BASEDAVEOS
evokes Greek mythology.
First, the name: The Canadian company combines AV,
which signifies its focus industry (aviation), with EOS,
which, to make a mythological story short, evokes the god-
dess of the new dawn. In September 2008, the company adopted
the Aveos name to signify the latest step – or the new dawn – in
its evolution. During its 70 years, the company has constantly
reinvented itself, says Jim Andrews, vice president and general
manager of the corporation’s Engine Solutions business.
Other mythological references: Like Pegasus and Icarus,
Aveos soars heavenward, carrying customers aloft. Indeed, the
aviation industry requires the ambition (even hubris) of Icarus,
who shouldered man-made wings in an attempt to reach the sun.
After all, industry players seek to touch the sky.
KEY TO ACHIEVEMENT
History demonstrates that a little hubris goes a long way in the
aviation industry. Without ambition, naysayers would have
grounded the Wright Brothers (the modern Icarus) at Kitty
Hawk. Fortunately, the renowned brothers – mythological fig-
ures in their ownWright (pardon the pun) – were visionaries that
soared “eight miles high,” to borrow lyrics from famous musi-
cian, songwriter and aviation enthusiast Roger McGuinn.
And this kind of ambition is what Aveos is all about: During its
long existence, it transformed itself into a leading MRO (main-
tenance, repair and overhaul) provider that boasts engine, com-
ponent, airframe, and maintenance solution capabilities avail-
able to clients across the world. Today the company boasts more
than 100 customers, as well as a robust network of strategic
alliances, international facilities and nearly 4,200 employees.
“In more than 70 years, we have serviced more than 700 CFM
engines,” Andrews states. “But we still consider ourselves a
young, dynamic company that has developed an excellent repu-
tation and remains committed to expansion in the global aviation
marketplace.”
GOLDEN-AGE ENTERPRISE
It all began for Aveos in 1937, in the middle of the so-called
“golden era” of aviation development. “During this period, we were
formed as part of Trans Canada Airlines, which eventually evolved
into Air Canada,” relates Andrews.
In this earliest incarnation, the company served as the in-house
maintenance division of Air Canada, operating under the name
of Air Canada Technical Services (ACTS). By 1968, ACTS began
providing airframe, engine and component solutions to cus-
tomers besidesAir Canada. “That’s how and when we began blos-
soming into what we are today,” comments Andrews.
Vibrant growth achieved remarkable bloom in 2007, when
ACTS acquired 80 percent of Aeroman, the MRO affiliate of
Taca Airlines, which is one of Central America’s largest air-
lines. “That was just one of two significant things that hap-
pened that year,” relates Andrews. “The second occurred
when we became a privately held company that was no
longer part of Air Canada.”
To underscore this status change, ACTS renamed itself
Aveos the following year – and if there is any hubris evi-
dent in the name change, then so be it. After all, Aveos
developed into the leading independent “nose to tail”
MRO provider in North and Latin America. Its Aeroman
affiliate is LatinAmerica’s top MRO provider. Further, with
strategic partners (General Electric, CFM International,
Hamilton Sundstrand and Honeywell) Aveos offers a
comprehensive range of customizable services