SR Technics and Vietjet Air sign a Memorandum of Understanding worth US$150 million
SR Technics, a world leading MRO service provider, is pleased to announce strong operational performance in H1 2017. Besides significantly expanding its engine capacity with over 90 shop visits during the first six months of the year, the company helped its clients with state-of-the-art cabin upgrades in record time, along with over 60’000 line maintenance events and over 32’000 delivered components. In addition, SR Technics has previously announced the signing of many important contracts, including a twelve-year ICS contract with Philippine Airlines, a five-year component support agreement with Germania and a three-year thrust reversers contract with easyJet.
SR Technics’ biggest business, Engine Services, has benefitted greatly from the strong growth. To date, the company has delivered over 4’300 CFM and Pratt & Whitney engines, with a yearly capacity of about 200 shop visits. With operations in Zurich and Malta, Aircraft Services completed several complex cabin modifications and inflight entertainment installations for commercial and VIP aircraft, in addition to contracted base and heavy maintenance checks. The company also supported leasing companies with cabin modifications, C-checks and external paint when their aircraft changed lessors.
Furthermore, SR Technics has strengthened its presence in the fast growing Asia region, bringing more work to its modern Kuala Lumpur component facility, which currently has a capability of about 750 part numbers. Additionally, the company is developing its line stations and has extended its line maintenance capabilities for Airbus A350 and A320neo in Zurich and Geneva. With training facilities in Zurich and Abu Dhabi, SR Technics is also enhancing its offer of professional training courses.
As a testimony to its world-known high quality work and outstanding performance, SR Technics was named Independent MRO of the Year 2017 at the Airline Economics Aviation 100 Awards in Dublin, Ireland, in May. The 100 Awards recognize the year’s most outstanding performers within the aerospace industry.
SR Technics’ CEO, Jeremy Remacha, is delighted with the recent achievements: “At SR Technics we deliver industry leading MRO services with a strong focus on tailored solutions for flagship and low-cost carriers, OEMs and aircraft leasing companies. We are investing in developing our operations and expanding our capabilities while seeking new business opportunities, especially in the fast growing Asia-Pacific market and in China. We have set ambitious targets to grow our business, and the positive feedback from our clients and partners as well as new recent contracts wins give us confidence that we are on the right track.”