SR Technics and Vietjet Air sign a Memorandum of Understanding worth US$150 million
Agreement is a boost to SR Technics South East Asia offering
SR Technics, one of the world’s leading providers of technical solutions to airlines, today announce the signing of a six-year integrated component services contract with the Indonesian low-cost carrier Lion Air. SR Technics has been expanding its presence in South East Asia over the past few years and today marks a new milestone in the pursuit of its international growth strategy.
Beginning November 2015, SR Technics will take full responsibility for managing Lion Air’s integrated component support services for its A330 fleet. The contract covers component maintenance and flexible availability solutions, including the management and maintenance of components (part numbers) under a flight hour rate.
Services will be managed from SR Technics’ Center of Excellence for component maintenance in Kuala Lumpur, Malaysia and from its operational headquarters in Zurich. The contract also includes on-site support, pool access, logistics and leasing facilitation.
Jeremy Remacha, Interim CEO of SR Technics, commented on the new deal: “We are pleased to be providing Lion Air with integrated component services for its new fleet of A330 aircraft. Our continued growth in South East Asia is demonstrative of our expanding global capabilities. We were able to deliver our services at the right price with the right degree of flexibility and look forward to a long-term partnership with Lion Air.”
Commenting on behalf of Lion Air Director of Supply Chain, I Nyoman Rai Pering, said:
“SR Technics matched all our needs and ticked all the boxes. It has local presence backed by a global network. It delivers Swiss quality in South East Asia. It is a flexible MRO that puts the customer first. Its pricing is also highly attractive to a quality low cost carrier such as ours. As Lion Air grows its A330 fleet and develops other services, we look forward to forming an even closer relationship with SR Technics.”