Stratus Aero Partners Announces Acquisition of Landing Gear Support Services

EAGAN, MINNESOTA -- Stratus Aero Partners announced the acquisition of UK-based Landing Gear Support Services (LGSS). LGSS, which delivers landing gear focused asset management and technical and commercial services to Airlines and Landing Gear MROs, will become a fully owned subsidiary of Minnesota, US-based Stratus Aero Partners, an Air T company. With locations in the Americas, Asia Pacific, and EMEA, Landing Gear Support Services, led by President Rob Henderson, is positioned to support customers globally with a supply of assets and landing gear components available through sale, lease, or exchange. LGSS also provides repair management, technical support, and full turnkey services as part of its line of service offerings. “I am looking forward to continuing to develop our existing customer relationships and expand our offerings to new customers worldwide as part of the Stratus Aero Partners family,” said Henderson. Mr. Henderson continued, “this acquisition brings significant value to the way LGSS delivers its products and services helping the business move to its next stage in development.” Stratus Aero Partners provides a complete range of aftermarket life cycle services through its family of strategic businesses. Services include parts sales and exchange, aircraft disassembly and part-out, composite aircraft structures repair, avionics, instrument, and accessory repair, aircraft storage and parking, and aircraft disassembly and recycling. Stratus has built a foundation of strong customer relationships worldwide to deliver the best solution the first time. “This acquisition better positions Stratus to serve the needs of landing gear customers throughout the world and expands Stratus’ expertise in aftermarket product and service solutions to include Landing Gear and Chapter 32 products,” said Mark Harris, CEO of Stratus Aero Partners. Stratus Aero Partners is a wholly owned subsidiary of Air T, Inc. Established in 1980, Air T Inc. (NASDAQ:AIRT) is an industrious holding company with a portfolio of powerful businesses and financial assets. Air T's ownership interests are designed to expand, strengthen and diversify the company's cash earnings power. For more information, visit www.airt.net.