|
|
Precision
Avionics & Instruments, Inc. joins Precision Aviation Group
For
years, Precision Heliparts, Inc. (PHP) of Atlanta,Ga. has been a
preferred choice for helicopter maintenance, repair, and upgrades. Now
fixed-wing operators can choose the same level of quality service,
thanks to PHP's acquisition of Precision Avionics & Instruments,
Inc. (PAI).
A
Shared Past: Incorporated in 1994, Precision Heliparts began as a
collaborative venture between its current owners and the original owner
of Precision Avionics & Instruments. At the time, PAI was an FAA/JAA
Instrument and Accessory Repair Station that was well-established in the
fixed-wing/regional airline market, which was looking to expand into
helicopters.
In
the hot market of the late 1990s, PAI's original owner sold the company
to Dallas Airmotive/BBA, leaving PAI and PHP totally independent of each
other. But for the next six years the two companies maintained a very
close working relationship, even continuing to share the same building
and address.
A
Chance to Reunite: Post 9-11, the aviation industry changed. In 2003,
Dallas Airmotive/BBA decided PAI was no longer a strategic fit in their
group of companies. The reason: One of PAI's strong core competencies
had been supporting turboprop aircraft used by regional airlines. In the
U.S. regional jets had largely displaced turboprops and PAI's revenues
were declining.
Ironically,
what was bad for Dallas Airmotive/BAA was good for PHP. "Almost
half of our helicopter business is international," explains Scott
James, PHP's Marketing Director, "and international operators
frequently fly both aircraft and helicopters. For instance, we have a
Middle Eastern customer with DHC-8s and helicopters; and a Pacific Rim
customer with an EMB-120 Brasilia, two Twin Otters, a KingAir 200, and
helicopters. Beech KingAirs are widely used by a number of helicopter
operators; and PAI has tremendous Beechcraft support capability in both
instruments and electrical accessories."
|