SR Technics and Vietjet Air sign a Memorandum of Understanding worth US$150 million
SR Technics, one of the world’s leading providers of technical solutions to airlines, announced today that it had strengthened its position as a long-term provider of maintenance, repair and overhaul (MRO) services on the Asian market. The announcement followed the signing of a five-year agreement with GMF AeroAsia, which commits the two parties to provide Garuda Indonesia’s Boeing 737 fleet with Integrated Component Services (ICS).
SR Technics’ interim CEO Jeremy Remacha commented: “This agreement is a good example of how SR Technics is working with GMF AeroAsia to develop a model that fits the market and provides customer focused solutions. In working together, we see great opportunities to develop the market and capabilities with GMF AeroAsia to support customers in Indonesia and abroad.”
Speaking on behalf of GMF AeroAsia, President and CEO Richard Budihadianto said: “We are pleased to work with SR Technics as a strategic partner, thus strengthening our position on the market. Through this agreement we have developed several business models together, while also capitalising on the strengths of both organizations to enhance this partnership. Our collaboration illustrates how MRO service providers can work together to provide world-classcomprehensive services to the market today and for the future ahead.”