Revima, the large independent auxiliary power unit (APU) and landing gear MRO, has ambitions to add additional repair stations to keep up with its growth.
Specifically, it aspires to have ones for both APUs and landing in the U.S. and “probably” a repair shop in the Middle East, too, Revima President and CEO Olivier Legrand said during Jefferies’ MRO summit June 4.
Revima operates from three sites in France and a green-field aftermarket site in Chonburi, Thailand, near Bangkok, that it officially opened in January 2023. It repairs about 600 APUs and 650 landing gear legs annually, Legrand says.
Airlines’ continued operation of mature airframes due to slower-than-expected deliveries of new airframes, in addition to supply chain problems, has benefited Revima’s aftermarket business. It grew 31% from 2023-2024. Legrand expects another 15-20% this year.
Its Thailand facility, which performs narrowbody landing gear MRO, has generated “tremendous growth,” he says.
For APUs, “we have a lot of backlog and a lot of work in process,” says Legrand, but the slow gradual recovery of the supply chain is unclogging bottlenecks to free APUs from the shop, which generates revenue.
He cites four aircraft types that will be “key market growth levers for us,” the Airbus A320neo, Boeing 737 MAX, Boeing 787 and Airbus A350, which “we have authorized repair facility agreements and licenses with the OEMs in general to support those.”
The 787 platform, in particular, generates significant aftermarket demand for Revima. He expects landing gear MRO growth from 2025-2030 to be 70%.
The A320 program will turn a corner for Revima in 2027, when it will perform more than 50% of landing gear work for A320neos instead of A320ceos.
When asked by Jefferies analyst Sheila Kahyaoglu whether he expects 2026 to yield slower growth due to market uncertainties, Legrand said Revima’s orderbook for next year is “filling up really, really quickly,” so he’s optimistic about continued growth. However, he anticipates it to be “10% plus.”
In addition to its repair services, it also sells and leases landing gear and APUs, and its FlightWatching digital service offers predictive maintenance.
Revima maintains about 35 different APUs, from small turboprops to the A380 and most Airbus and Boeing landing gear.
Ardian, a European private equity company, purchased the majority of Revima in 2019.
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