BNET Industries
Last Fiscal Year Sales:$329.5M
- Public
- US
Dow Jones Description
This company makes flying the friendly skies even nicer. Founded in 1996 and headquartered in Greensboro, NC, TIMCO Aviation Services, Inc. (OTC: TMAV) is a provider of aviation maintenance and repair. Heavy maintenance services, aircraft storage, line maintenance servces, engineering services, interiors and seat manufacturing, and aftermarket parts are some of the company's dealings. Commerical airlines and government units are served by TIMCO. It had 2005 revenue of about $329.5 million and employs about 3,400 people. In August 2005, it acquired tooling and other equipment to be used for the repair and overhaul of CFM56 engines. The acquisition was financed through an operating lease agreement with Maxus Leasing Group.The CFM56 engine powers more than 5,800 aircraft worldwide.
Number of Employees 3,400
Contact Information
Greensboro
(336) 668-4410
Peer Companies
NAICS Code Regulation and Administration of Transportation Programs: 926120
News & Analysis
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timco aviation services inc. - All News and Analysis
TIMCO Aviation Services, Inc. to Overhaul Operations With RFID Solutions From Xterprise
Xterprise Incorporated, the leading global supplier of Solutions for the High Definition EnterpriseTM and a Gold-Certified MicrosoftTM ISV partner, announced today an expanded relationship with TIMCO Aviation Services, Inc. ( http://www.timco.aero ), the largest commercial aviation MRO (maintenance, repair and overhaul) business in the United States and second largest worldwide....
Monroe Capital LLC Announces Funding $18 Million to TIMCO Aviation Services, Inc.
CHICAGO, Apr 21, 2005 CCNMatthews via COMTEX Theodore L. Koenig, President and Chief Executive Officer of Monroe Capital LLC, announced the completion and funding of an $18 million loan to TIMCO Aviation Services, Inc. (OTCBB:TMAS), $8 million of which was used to replace existing...
Monroe Capital LLC Announces Funding $18 Million to TIMCO Aviation Services, Inc
CHICAGO -- Theodore L. Koenig, President and Chief Executive Officer of Monroe Capital LLC, announced the completion and funding of an $18 million loan to TIMCO Aviation Services, Inc. (OTCBB:TMAS), $8 million of which was used to replace existing debt and $10 million of which will be used for capital...
Hilco Capital LP Announces Funding $8 Million to TIMCO Aviation Services, Inc
Business Editors CHICAGO--BUSINESS WIRE--April 27, 2004 Theodore L. Koenig, President and Chief Executive Officer of Hilco Capital LP, announced the completion and funding of an $8 million junior mezzanine term loan for the benefit of TIMCO Aviation Services, Inc. (OTC BB:TMAS.OB). The $8 million term loan was used...
Hilco Capital LP Announces Funding $8 Million to TIMCO Aviation Services, Inc.
CHICAGO, Apr 27, 2004 CCNMatthews via COMTEX Theodore L. Koenig, President and Chief Executive Officer of Hilco Capital LP, announced the completion and funding of an $8 million junior mezzanine term loan for the benefit of TIMCO Aviation Services, Inc. (OTC BB:TMAS.OB). The $8...
Eastman, Ga., Technical College to Offer Aviation Maintenance Program.
By Linda S. Morris, The Macon Telegraph, Ga. Knight Ridder/Tribune Business News Apr. 1--MACON, Ga. -- An agreement between a Bibb County aviation company and a Middle Georgia college is aimed at attracting students to an aviation career. Timco...
Greensboro, N.C., Aviation Services Firm's Quarterly Revenues Improve.
High Point Enterprise, N.C. Knight Ridder/Tribune Business News Nov. 17--TIMCO Aviation Services Inc. on Friday announced its results of operations for the third quarter of 2003. Revenue for the three and nine months ended Sept. 30 was $64.3 million and...
The advantages are clear: lack of congestion and environmentally pristine surroundings are just part of what makes Rural Florida attractive to business.(Rural Counties)
When TIMCO Aviation Services Inc. considered expanding, the company considered sites from the Midwest U.S. to Florida. The aircraft maintenance firm ultimately chose Lake City in North Central Florida's Columbia County, where TIMCO now has 600,000 square feet of hangar space and more than 1.3 million...
Hooters Air Operator Could Get Boot from Winston-Salem, N.C., Site.
By Kathleen Vereen Dayton, The Sun News, Myrtle Beach, S.C. Knight Ridder/Tribune Business News Sep. 11--Pace Airlines, which operates Myrtle Beach-based Hooters Air, could be losing its Winston-Salem, N.C., home unless it is allowed to continue its month-to-month operating agreement at ...
Winston-Salem, N.C., Charter Airline to Leave if Airport Dispute Continues.
By Brian Louis, Winston-Salem Journal, N.C. Knight Ridder/Tribune Business News Sep. 10--Pace Airlines' future in Winston-Salem is still up in the air. Pace faced a deadline of 5 p.m. today to leave hangar space it subleases from Timco Aviation Services...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Roy T. Rimmer | CEO |
| Ron Utecht | President |
| Fritz Baumgartner | Vice President, Controller & Chief Accounting Officer |
| Gene House | Executive Vice President, Marketing & Executive Vice President, Sales |
| Jack M. Arehart | Senior Vice President, Business Development |
| Kevin Carter | Senior Vice President |
| Rick Salanitri | Senior Vice President, Engineering |
| Brian Sauer | Vice President & General Manager, Goodyear MRO Facility |
| Carlos Herrera | Vice President & General Manager, Aircraft Interior Design & Brice Manufacturing |
| Dave Latimer | Vice President, Regulatory Compliance |
| Hamp Haucke | Vice President, IT, Properties & Facilities |
| John Eichten | Vice President, Sales & Marketing |
| Julie Malloy | Vice President, Corp HR |
| Keith Statzer | Vice President & General Manager, Macon MRO Facility |
| Mike Moore | Vice President & General Manager, Lake City MRO Facility |
| Ross Panos | Vice President & General Manager, Oscoda Engine Ctr |
| Duncan Nielsen | |
| Elizabeth Taylor | |
| Julie Malloy Copeland | |
| Len Singer | |
| Lon Chaney | |
| Mark Snook | |
| Mike Anderson | |
| Phil Schwartz | |
| Ray Hauck | |
| Steven L. Gerard | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Clyde Kizer | Board of Directors |
| Jack Hersch | Board of Directors |
| John R. Cawthron | Board of Directors |
| Leonard Singer | Board of Directors |
| Philip B. Schwartz | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | CEO | Current |
| TIMCO Aviation Services, Inc. | Chairman & CEO | Current |
| Timco Inc. | Former |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | President | Current |
| Timco Inc. | President | Former |
| Timco Inc. | Chief Operating Officer | Former |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Vice President, Controller & Chief Accounting Officer | Current |
| TIMCO Aviation Services, Inc. | Chief Accounting Officer, Vice President & Controller | Current |
| Ernst & Young | Audit Manager | Former |
| Timco Inc. | Corporate Controller | Former |
| University of Toledo | CPA with certification in both Ohio and North Carolina and graduated Magna Cum Laude | Former |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Executive Vice President, Marketing & Executive Vice President, Sales | Current |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Senior Vice President, Business Development | Current |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Senior Vice President | Current |
| TIMCO Aviation Services, Inc. | Vice President, Planning, Alysis & Treasurer | Current |
| Timco Inc. | Former | |
| Wake Forest University | MBA | Former |
| Davidson College | B.A. in Economics | Former |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Senior Vice President, Engineering | Current |
| Timco Inc. | Senior Vice President | Former |
| Wake Forest University | MBA | Former |
| Auburn University | Bachelor's degree in Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Vice President & General Manager, Goodyear MRO Facility | Current |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Vice President & General Manager, Aircraft Interior Design & Brice Manufacturing | Current |
| Brice Manufacturing Company, Inc. | Vice President & General Manager | Former |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Vice President, Regulatory Compliance | Current |
| Timco Inc. | Former |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Vice President, IT, Properties & Facilities | Current |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Vice President, Sales & Marketing | Current |
| Alaska Air Group, Inc. | Technical Writer | Former |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Vice President, Corp HR | Current |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Vice President & General Manager, Macon MRO Facility | Current |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Vice President & General Manager, Lake City MRO Facility | Current |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Vice President & General Manager, Oscoda Engine Ctr | Current |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Current | |
| UAL Corporation | Former | |
| Timco Inc. | Former |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Current | |
| Timco Inc. | Vice President of Legal Affairs | Former |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Current | |
| Wofford College | BA in Government and Teaching Certification in Secondary Education | Former |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Current | |
| Citigroup Inc. | Managing Director | Former |
| Tokyo Stock Exchange, Inc. | broker dealer | Former |
| Citigroup Inc. | Head of the Global Aviation Division | Former |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Current | |
| Timco Inc. | General Manager | Former |
| United States Air Force | Former |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Current | |
| Timco Inc. | Vice President | Former |
| Timco Inc. | General Manager | Former |
| Evergreen Air Center, Inc. | Lead A&P Mechanic | Former |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Current | |
| Timco Inc. | General Manager | Former |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Current | |
| State University of New York at Stony Brook | bachelor of Art in Political Science | Former |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Current | |
| Timco Inc. | Senior Vice President of Military Business | Former |
| Pepperdine University | Master's degree in Education | Former |
| University of Southwestern Louisiana | Bachelor of Science Degree in Petroleum Geology | Former |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Board of Directors | Current |
| Timco Inc. | Former | |
| Airbus North America Customer Services, Inc. | Former | |
| Eastern Michigan University | Bachelor of Science degree in Biochemistry | Former |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| TIMCO Aviation Services, Inc. | Board of Directors | Current |
Steven L. Gerard was elected by the Board to serve as its Chairman in October, 2002. He was appointed Chief Executive Officer and Director in October, 2000. Mr. Gerard was Chairman and CEO of Great Point Capital, Inc., a provider of operational and advisory services from 1997 to October 2000. From 1991 to 1997, he was Chairman and CEO of Triangle Wire & Cable, Inc. and its successor Ocean View Capital, Inc. Mr. Gerard s prior experience includes 16 years with Citibank, N.A. in various senior corporate finance and banking positions. Further, Mr. Gerard served seven years with the American Stock Exchange, where he last served as Vice President of the Securities Division. Mr. Gerard also serves on the Boards of Directors of Lennar Corporation and Joy Global, Inc.
| Organization | Position | Status |
|---|---|---|
| CBIZ Inc. | CEO | Current |
| Mayer Hoffman McCann P.C. Privacy Notice | CEO & Chairman of The Board | Current |
| CBIZ Inc. | Chairman | Current |
| Joy Global, Inc. | Board of Directors | Current |
| Lennar Corporation | Director | Current |
| The Fairchild Corporation | Director | Current |
| TIMCO Aviation Services, Inc. | Director | Current |
| Oceanview Capital Corp. | CEO | Former |
| The American Stock Exchange LLC | Vice President of Amex's Securities Division | Former |
| Citigroup Inc. | Senior Managing Director | Former |
| Citibank, N.A. | Senior Managing Director | Former |
| Lennar Corporation | Chairman | Former |
| Oceanview Capital Corp. | Chairman | Former |
| CBIZ Inc. | Director | Former |
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