TIMCO Aerosystems

Business & Economy
6:05 pm
Thu October 24, 2013

TIMCO Sold To Asian Company

Credit redlegs21 via Flickr, Creative Commons

Greensboro based TIMCO Aviation is being sold to Hong Kong company for 388 million dollars. TIMCO is one of the nation’s largest MROs (maintenance, repair, and overhaul). It provides service to commercial and military aircraft and has government contracts. The hedge fund that owns TIMCO agreed this week to sell the company to HAECO for $388 million. The deal will create one of the largest MROs in the world.

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