Honeywell and SR Technics Malaysia sign a five-year Authorized Repair & Overhaul License Agreement to support regional airline customers and engine shops
SR Technics, a world leading MRO service provider, and International Aircraft Associates, Inc. (IAA), a global commercial aviation service provider specializing in engine materials, are pleased to introduce Material.Monetary.Solutions (MMS), a new service to help SR Technics engine customers reduce their material inventories.
Combining the strengths of SR Technics and IAA, MMS is an integrated program where the two companies jointly manage all aspects associated with the material inventories of SR Technics engine customers. The service includes a technical review of any excess material on customer stock to assess the marketability and reparability in case the material is unserviceable. The repair of unserviceable material is managed through SR Technics and its extensive vendor network. IAA then takes care of the marketing and sales of the materials to its worldwide customer base on behalf of the customer.
This new service is available to both new and existing SR Technics engine customers. With MMS, airlines and leasing companies can reduce their stock levels and release the fixed capital tied up in engine materials.
SR Technics Head of Engine Services Jean-Marc Lenz comments the new service: “SR Technics is very pleased to partner with IAA. Together we will be providing a fully integrated material solution to our engine customers and also allowing them to capitalize on parts which are no longer needed.”
Mitchell Weinberg, IAA President, says: “Working together, IAA and SR Technics combine quality with exceptional customer service, providing SR Technics engine customers with the many advantages MMS has to offer.”