Posted on: 15 February 2012 by Mark Howells
SR Technics has signed a 10-year agreement with SpiceJet to be the airline’s exclusive provider of engine maintenance services for the CFM56-7B engines installed on its fleet of Boeing 737-800s and 737-900ERs.
The agreement is worth up to $415 million over ten years, and the work will be carried out at SR Technics’ facilities in Zurich, Switzerland.
In addition to Engine Maintenance Services, the agreement encompasses spare engine support to cover scheduled and unscheduled removals and engine condition monitoring. The work will commence with immediate effect.
James Stewart, group chief executive officer of the Mubadala Aerospace MRO Network to which SR Technics belongs, commented, “I am delighted that SpiceJet has chosen SR Technics as its preferred provider of Engine Maintenance Services. This is the first major Indian low-cost airline customer for the Mubadala Aerospace MRO network, and reflects the quality and reliability of SR Technics’ offering.”
Neil Mills, chief executive officer of SpiceJet, remarked, “I am pleased that SR Technics will be providing MRO support for our growing fleet. Their proven track record in delivering rapid turnaround times is essential for us as we continue to build on our strong position in the expanding Indian aviation market.”
Photo shows Mubadala Aerospace MRO Network group CEO James Stewart (left) and SpiceJet CEO Neil Mills.