Posted on: 23 February 2011
SR Technics and the airberlin Group have agreed to expand their ten-year engine maintenance contract, the two companies having signed a further agreement to cover exclusive maintenance services for more than 300 engines including CFM56-7B, CFM56-5B, and PW4168 engines for their whole Airbus and Boeing fleet.
SR Technics will therefore provide maintenance services for 95% of all engines of the airberlin Group.
A key element of the new agreement is the expansion of financing solutions for life limited parts (LLPs) and additional spare engine support, provided by SR Technics and Sanad Aero Solutions, Mubadala’s asset finance and leasing entity. Sanad offers a broad spectrum of spare component and engine leasing solutions that enable airlines to monetise existing assets, secure inventory solutions required to support fleet growth and access a growing array of MRO and technical service services offered by Mubadala Aerospace’s global MRO network.
“We are delighted that airberlin has chosen SR Technics as its primary engine MRO provider,” noted James Stewart, chief executive officer of SR Technics. “We see this agreement as confirmation of the high quality standards we have delivered in the past, and the value of our customized financing solutions. We look forward to continuing our support of airberlin’s ongoing development.”