Extension of financing with Swiss Bank Consortium
SR Technics, a world leading MRO service provider, is pleased to announce that it has signed a major engine maintenance, repair & overhaul agreement with Eurowings, the Lufthansa Group’s low-cost airline. The two-year agreement was signed at the end of June 2018 and covers part of the airline’s CFM56-5B fleet.
Cooperation with Eurowings began in January of this year and in order to meet the demands of the carrier’s large engine shop visit demands, SR Technics provided single engine shop visit offers to customize its services. This, combined with slots that met the carrier’s planning needs and SR Technics’ continuous support, was key to clinching the two-year contract.
All work under the new agreement will be completed at SR Technics Zurich Airport facility and covers engine maintenance, repair and overhaul solutions, including airfoils repairs in SR Technics’ Cork, Ireland facility, and the full parts and material management for more than 30 engines. As Eurowings is a major player among Europe’s low-cost carriers, there is plenty of room for synergies with other areas of SR Technics moving forward.
“We are delighted to have won Eurowings as a customer,” says Michael Sattler, Chief Commercial Officer at SR Technics. “This clearly reflects on our excellent relationship with Eurowings, and our ability to adapt to challenging scheduling requirements and offer flexible solutions.”
Michael Knitter, Chief Operations Officer of Eurowings states: “Optimal technical support for our aircraft is an essential prerequisite for the success of Eurowings. As currently the fastest growing airline in Europe, we rely only on the best service providers. We are proud to be able to rely also on SR Technics for this.”