TAE to become 100% Australian Owned
TAE is proud to announce that members of the current management team, led by General Manager Andrew Sanderson, have reached agreement with Air New Zealand to purchase the TAE Group of companies. When the deal completes later this month, the ownership change means that TAE will be 100% Australian owned, making it the nation’s largest fully Australian-owned aviation engineering services company.
“Air New Zealand has been a great supporter throughout TAE’s history, backing all of the development activities of the company, from its fledgling days in 2000 to now being recognised as Australia’s leading gas-turbine engine MRO” said General Manager Andrew Sanderson. “This new ownership structure allows us to now focus on our core business and develop TAE as an independent engineering and maintenance company as a 100% Australian owned venture”.
TAE’s management team will not change under the deal, retaining its strong mix of commercial, entrepreneurial and operational experience that will help set TAE up for a positive future across all of its markets and activities. Sanderson added “The new ownership team has great confidence in TAE’s people, our strong customer and contract base and prospects for the future and we look forward to seeing our significant investment be the start of a new chapter in TAE’s story in Australia. Importantly, there will be no changes on a day-to-day basis for the company and it is business as usual for our people, customers and suppliers under the new ownership arrangement.”
As the nation’s largest 100% Australian-owned aviation engineering services company, TAE will continue to provide maintenance and engineering support across a wide range of activities from the world’s largest airliner, to fast jets, tanks and aerial agricultural aircraft.
This change comes on the back of recent announcements of the assignment of TAE to be the Regional Support Provider for the MRO&U of the F135 engine of the F-35 Joint Strike Fighter and the ‘refresh’ contract for the AGT1500 engine of the Australian Army’s Abrams Main Battle Tank, both of which will bring positive activity to the business into the future.
TAE is an Australian aerospace engineering and maintenance company with a focus on the Asia-Pacific region. TAE offers one of the broadest range of quality services in the Australian aviation industry; covering gas turbine engine and component maintenance, engineering, manufacturing, and logistics for fast jets through to aerial agricultural aircraft. With a strong customer focus and emphasis on reliability improvement we deliver outstanding value and ever improving customer outcomes. Our company was formerly known as Tasman Aviation Enterprises, a name born of our long history in aviation. However, five years ago we rebranded to reflect our focus on aerospace engineering and manufacturing and became known simply as TAE. Visit TAE at www.tae.com.au or connect with as at www.facebook.com/TAE.Australia. “We keep you flying”