Technical aviation consultancy Indaer sells MRO wing to airline

24 January 2019 3 min. read

Indaer, a consultancy and services company for the aviation industry, has rebranded as ‘Indaer Aviation Technical Services’ following the sale of its MRO business in Colombia to a local unnamed airline. 

Founded in 2002, Indaer provides a range of technical consultancy services to airlines that operate commercial aircraft from Airbus, ATR, Boeing, Bombardier, Embraer and Pilatus. The company’s circa 100 engineers, technicians and systems analysts provide technical and advisory services in the areas of aircraft and engine asset management and regulations, aircraft records services, maintenance planning and oversight, in-service engineering, and field support & technical training. From its base in Medellín, Colombia, Indaer serves airlines, lessors and OEM suppliers across Latin America, and globally. 

In a press statement, Juan Osorio, CEO of Indaer, revealed that the company has divested its maintenance, repair & operations (MRO) arm to a “local airline”, without disclosing the specific airline. According to the latest data released by Colombia’s Civil Aviation Authority, there are currently 26 airlines that possess an Air Operator Certificate (providing them the right to exploit commercial aviation), including Avianca, the country’s largest carrier and second largest in Latin America, number two player VivaColombia, low-cost carrier EasyFly and government-owned Satena. 

“We are very happy to sell our MRO division to this airline and to see it become a model of efficiency and technical capabilities, while we focus on the consulting and engineering business with our new corporate structure at Indaer,” commented Osorio.

Technical aviation consultancy Indaer sells MRO wing to airline

Indaer’s MRO business specialises in maintenance services for airlines, lessors and OEM suppliers, as well as helping industry players meet regulatory requirements and obtain certifications such as FAA/EASA Part 145. The arm has a particular strong track record with ATR aircraft (a French - Italian aircraft manufacturer) – Indaer covers all of the ATR’s maintenance activities from A checks to 36.000 CY checks, and has hangar bays for the ATR 42 and ATR 72 models. The MRO wing is certified by four international CAAs: FAA, UAEAC (Colombia), DGAC (Ecuador), and 2-Reg (Channel Island).

The sale sees the Colombian company continue as a consulting and technical services firm, with the brand transitioning to ‘Indaer Aviation Technical Services’. Osorio: “We will continue to provide consulting, engineering and technical services to leasing companies and operators around the globe.” Agreed with the owner is that the brand ‘Indaer’ will remain the property of the company’s original founders. 

The move comes at a time when the MRO market for commercial aircraft is seeing solid growth. According to an analysis by Oliver Wyman, the number of commercial planes in the skies will increase by 4% annually up to 2028, when a total of more than 32,000 plans will be operational, with narrow-body jets set to record the fastest growth. As a result, MRO spending is projected to rise as well, to around $115 billion in 2028. Latin America’s MRO market is currently valued at roughly $4 billion – in the coming decade, the industry will grow to $6 billion. 

Related: Brazil is Latin America's growth driver for long haul flights by European airlines.