Air New Zealand (NZ, Auckland International) has sold its wholly-owned Altitude Aerospace Interiors subsidiary to AIM Aviation, a UK-based airline interiors design, engineering and manufacturing company.
“With rapid growth forecast in aircraft deliveries over the coming five years and premium airlines increasingly demanding bespoke interior solutions, this is an exciting opportunity for Altitude, which will gain access to AIM Aviation’s new UK based state-of-the art manufacturing facilities,” Air New Zealand's chief financial officer, Rob McDonald, said.
The parties intend to complete the transaction at the end of this month; the details of which remain confidential.
Established in 2008, Altitude Aerospace Interiors employs a workforce of about 100 staff and is primarily involved in the design, engineering and supply of cabin interiors for commercial airlines and VIP Boeing business jets.
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