ITEM 2 PROPERTIES
−Removed: Our principal executive office is in Miami, Florida.
+Added: Our principal executive office is in Doral, Florida.
In addition to our headquarters, we have the following operating locations:
8 unchanged sentences
Aircraft MRO, Flight Control Surfaces and Disassembly
−Removed: Albuquerque, New Mexico
+Added: Rio Rancho, New Mexico
Landing Gear MRO
+Added: Doral, Florida (1)
+Added: Corporate Headquarters, Engineered Solutions Operations, and Flight Equipment Asset Management
+Added: Corporate, Asset Management Solutions, and TechOps
Miami, Florida
−Removed: Corporate Headquarters and Engineered Solutions Operations, Hydraulic, Pneumatic, PMA Operations, and Electro-Mechanical Component MROs
−Removed: Corporate, TechOps, and Asset Management Solutions
+Added: Engineered Solutions Operations, Hydraulic, Pneumatic, PMA Operations, and Electro-Mechanical Component MROs
Hialeah Gardens, Florida
−Removed: USM Sales, Shared Services, and Flight Control Surfaces
−Removed: Corporate, TechOps, and Asset Management Solutions
+Added: Flight Control Surfaces
Memphis, Tennessee
USM Sales and Distribution
+Added: Asset Management Solutions
Dublin, Ireland
1 unchanged sentence
Asset Management Solutions
−Removed: Bridgend, United Kingdom
−Removed: Regional Representative Sales Offices
−Removed: Asset Management Solutions
−Removed: Regional Representative Sales Offices
−Removed: Asset Management Solutions
To support our growth and long-term business goals, we have expanded our operational facilities;
−Removed: (1) In February 2023, we leased 112,000 square feet of hangar space expanding our narrow body on-airport MRO presence.
−Removed: This new facility will provide additional capacity to accommodate the increasing MRO demand.
−Removed: Hangar renovations have progressed as planned, and we expect to commence operations in this facility in the first quarter of 2024.
−Removed: (2) Effective September 1, 2022 we entered into a lease for our Miami structures shop consisting of 88,000 square feet in Hialeah Gardens, Florida, for a term expiring in 2032.
−Removed: This location will also serve as office space for USM sales and shared services personnel.
−Removed: Relocation of office personnel has been completed while the structures shop is delayed but expected to conclude during the first half of 2024.
−Removed: Our Goodyear, Arizona, Roswell, New Mexico, and Millington, Tennessee facilities are on airport locations at the Phoenix Goodyear Airport, Roswell International Air Center, and Millington Regional Jetport, respectively, and are three of our FAA-authorized repair station operations centers focusing on airframe aircraft maintenance and storage.
+Added: (1) In October 2024, we relocated our corporate headquarters to Doral, Florida as we commenced a new lease expiring in 2035.
+Added: This location features over 35,000 square feet of office space, allowing us to consolidate multiple support functions that were previously distributed across multiple facilities.
+Added: Our Goodyear, Arizona, Roswell, New Mexico, and Millington, Tennessee facilities are on airport locations at the Phoenix Goodyear Airport, Roswell International Air Center, and Millington – Memphis Airport, respectively, and are FAA-authorized repair station operations centers focusing on airframe aircraft maintenance and storage.
Combined, they feature over 760,000 square feet of hangar space with a capability of dry desert long-term storage for up to 650 aircraft.
−Removed: In addition to having airframe maintenance service offerings at these facilities, we have four FAA-authorized repair station operations in our Rio Rancho, New Mexico, Memphis, Tennessee, and Miami, Florida facilities that provide component MRO service offerings.
+Added: In addition to having airframe maintenance service offerings at these facilities, we have three FAA-authorized repair station operations in our Rio Rancho, New Mexico, Miami, Florida, and Hialeah Gardens, Florida facilities that provide component MRO service offerings.
Collectively, these facilities support the operations of our TechOps segment.
8 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.