Macquarie Bank Ltd., the Australian company that plans to by Goodrich ATS, will retain the airframe MRO providers current leadership team and will work with that team to grow the business, a Macquarie spokesperson said earlier today. ATS is led by industry veteran Bill Ashworth, who serves as president.
As Ed Hazelwood suggested earlier today, the sale of ATS hardly came as a surprise. Goodrich long ago admitted that heavy maintenance is not core to its aftermarket strategy. Today, a Goodrich spokesperson said employees were being informed the developments in a series of meeting and that "nobody was really surprised."