Extension of financing with Swiss Bank Consortium
SR Technics, one of the world’s leading providers of technical solutions to airlines, and Germania Fluggesellschaft GmbH, one of Germany’s longest-established airlines, have entered into an exclusive long-term agreement for engine services.
Valued at USDm 180, the agreement is effective immediately. It covers engine services for Germania’s fleet of Airbus A319 and A321 as well as Boeing 737-700 planes. The engines involved are CFM56 series -5B and -7B produced by Snecma (Safran) and GE, the world's leading supplier of commercial aircraft engines. Under the terms of the contract, the engine services will be carried out at SR Technics’ facilities in Zurich, where it has extensive CFM56 series maintenance, repair and overhaul experience and know-how.
The agreement between SR Technics and Germania strengthens their long-standing and close relationship. It also marks an important milestone in SR Technics’ mission to reinforce its proven ability to provide customers with competitive, customized and innovative solutions. By choosing to use SR Technics engine servicing capabilities, Germania benefits not only from benchmark services and quality, but also short turnaround times and close customer proximity.
Karsten Balke, Chief Executive Officer (CEO) of Germania: “We are delighted to expand our partnership with SR Technics. Germania has utilized the services of SR Technics for the last two years. SR Technics' customer orientation and large degree of reliability and quality made it easy for us now to embark on a long-term, meaningful partnership."
André Wall, CEO at SR Technics, commented: "We are very proud to have strengthened our relationship with Germania. This agreement reflects Germania’s trust in our ability to meet the high expectations it sets for engine services when it comes to delivering excellence and quality. We greatly appreciate the confidence Germania has placed in SR Technics. Now we look forward to building on our cooperation still further in the future.