| Company type | Private company |
|---|---|
| Industry | Aerospace |
| Founded | 1969 |
| Founder | Raymond Siegfried [1] |
| Headquarters | , United States |
| Owner | The family of Raymond Siegfried and The Carlyle Group [1] |
Number of employees | >2,300 (2019 [2]) |
| Website |
nordam |
Nordam, or NORDAM, is an American aerospace company. It concentrates on Interiors, Structures, Nacelle & Thrust Reverser Systems, Repair & Transparency. [3]
History
Nordam was founded in 1969 by Raymond Siegfried. [2]
President and CEO Charles B. Ryan was killed in a plane crash in 2001. [2]
In 2018 Nordam filed for bankruptcy. [2]
In 2018 Nordam halted production of nacelles for the Pratt & Whitney Canada PW800 due to a contract dispute with Pratt & Whitney Canada. [4] [5] In order to recover its financial position Nordam sold its nacelles business to Gulfstream Aerospace. [1]
In 2019 Nordam exited bankruptcy through a cash injection from The Carlyle Group which resulted in Carlyle gaining control of 45% of the company. [1] [6]
Operations
In 2019 Nordam had 1,800 employees in the Tulsa area and 500 elsewhere. [2]
In 2022 Nordam opened a major MRO facility at Taoyuan which will serve as their regional hub replacing operations in Singapore. [7] The Taoyuan operation is a joint venture with China Airlines. [8]
References
- ^ a b c d Hemmerdinger, Jon. "Nordam emerges from bankruptcy with private equity partner". flightglobal.com. Flight Global. Retrieved 27 January 2022.
- ^ a b c d e Watson, Julie Wenger. "NORDAM flies in the face of challenges 50 years after its founding". tulsapeople.com. Tulsa People. Retrieved 27 January 2022.
- ^ "Products & Services". NORDAM. Retrieved April 10, 2023.
- ^ Thurber, Matt. "Nordam Halts PW800 Nacelle Production". ainonline.com. AIN Online. Retrieved 27 January 2022.
- ^ Morgan, Rhett. "250 affected as NORDAM suspends production of PW800 nacelle system in contract dispute". Tulsa World.
- ^ Morgan, Rhett. "Tulsa-based NORDAM Group exits bankruptcy". tulsaworld.com. Tulsa World. Retrieved 27 January 2022.
- ^ "Nordam opens aircraft component repair facility in Taiwan". journalrecord.com. Journal Record. 26 January 2022. Retrieved 27 January 2022.
- ^ "NORDAM opens new Taiwanese MRO shop". asianaviation.com. Asian Aviation. 26 January 2022. Retrieved 27 January 2022.
| Company type | Private company |
|---|---|
| Industry | Aerospace |
| Founded | 1969 |
| Founder | Raymond Siegfried [1] |
| Headquarters | , United States |
| Owner | The family of Raymond Siegfried and The Carlyle Group [1] |
Number of employees | >2,300 (2019 [2]) |
| Website |
nordam |
Nordam, or NORDAM, is an American aerospace company. It concentrates on Interiors, Structures, Nacelle & Thrust Reverser Systems, Repair & Transparency. [3]
History
Nordam was founded in 1969 by Raymond Siegfried. [2]
President and CEO Charles B. Ryan was killed in a plane crash in 2001. [2]
In 2018 Nordam filed for bankruptcy. [2]
In 2018 Nordam halted production of nacelles for the Pratt & Whitney Canada PW800 due to a contract dispute with Pratt & Whitney Canada. [4] [5] In order to recover its financial position Nordam sold its nacelles business to Gulfstream Aerospace. [1]
In 2019 Nordam exited bankruptcy through a cash injection from The Carlyle Group which resulted in Carlyle gaining control of 45% of the company. [1] [6]
Operations
In 2019 Nordam had 1,800 employees in the Tulsa area and 500 elsewhere. [2]
In 2022 Nordam opened a major MRO facility at Taoyuan which will serve as their regional hub replacing operations in Singapore. [7] The Taoyuan operation is a joint venture with China Airlines. [8]
References
- ^ a b c d Hemmerdinger, Jon. "Nordam emerges from bankruptcy with private equity partner". flightglobal.com. Flight Global. Retrieved 27 January 2022.
- ^ a b c d e Watson, Julie Wenger. "NORDAM flies in the face of challenges 50 years after its founding". tulsapeople.com. Tulsa People. Retrieved 27 January 2022.
- ^ "Products & Services". NORDAM. Retrieved April 10, 2023.
- ^ Thurber, Matt. "Nordam Halts PW800 Nacelle Production". ainonline.com. AIN Online. Retrieved 27 January 2022.
- ^ Morgan, Rhett. "250 affected as NORDAM suspends production of PW800 nacelle system in contract dispute". Tulsa World.
- ^ Morgan, Rhett. "Tulsa-based NORDAM Group exits bankruptcy". tulsaworld.com. Tulsa World. Retrieved 27 January 2022.
- ^ "Nordam opens aircraft component repair facility in Taiwan". journalrecord.com. Journal Record. 26 January 2022. Retrieved 27 January 2022.
- ^ "NORDAM opens new Taiwanese MRO shop". asianaviation.com. Asian Aviation. 26 January 2022. Retrieved 27 January 2022.