The new ownership at Ascent Aviation Services plans to ramp up the Tucson, Ariz.-based repair station’s capacity and capabilities, adding a new hangar and full heavy-maintenance support for several models, including the .
Ascent was recently purchased by private-equity firm LongueVue Capital (LVC). The facility’s existing capabilities include fulland DC-9/MD-80 ratings and limited ratings for the and . Ascent also offers line maintenance, painting and aircraft storage.
The new hangar and improvements to the company’s existing facilities spearhead an effort to add heavy-maintenance support for the 757 and CRJ in addition to Airbus narrowbodies.
LVC executives say the groundwork is in place to add additional high-demand services, including A320-family maintenance for owners and operators that lean on third-party aftermarket support.
“We viewed the company as a top-tier, well-managed operator in the market serving small to mid-sized operators and lessors,” LVC Vice President Peyton Bush tells Aviation Week. “We also felt their business model was well-positioned to capitalize on current industry trends, while also enabling it to withstand a potential downturn in utilization.”
“We intend to complete the addition of heavy-maintenance capabilities for the A320, 757 and CRJ200 platforms, and will evaluate additional capabilities in conjunction with developing our long-range strategic plan,” Bush says.
LVC, which targets company-specific opportunities rather than industry segments, bought Ascent outright and contributed additional capital for the new hangar and other improvements.