Extension of financing with Swiss Bank Consortium
SR Technics, a world leading MRO service provider, is pleased to announce an eight-year partnership with one of the aftermarket’s leading suppliers, VAS Aero Services. Under the agreement, VAS will provide aircraft components exchange and repair services for SR Technics involving multiple Airbus and Boeing fleets.
The new partnership marks the first major material supply partnership with a non-OEM company for the SR Technics’ business unit Component Services. By covering service-level guaranteed exchange services, repair services, and leasing services, the collaboration will enable SR Technics to continue to provide cost-effective and reliable solutions to its airline customers. VAS has been supporting SR Technics in Engine Services for several years. The expansion of their collaboration into the Component Services business aims to leverage the strengths of both companies.
“Our new partnership with VAS marks a transition in the way we provide services to our customers,” says Jean-Marc Lenz, Chief Operating Officer at SR Technics. “The signing of the agreement is just the first step down the path of streamlining our operations, retaining our competitive edge, and providing reliable and efficient component services to more airline customers in the future.”
“VAS enjoys a very close and unique aftermarket material supply relationship with SR Technics, one that continues to grow and accrue benefits for both parties,” noted VAS Chief Executive Officer Tommy Hughes. “This logical next step – access to VAS’s comprehensive inventory of hundreds of thousands of airframe components and parts – means SR Technics can continue to provide industry-best levels of maintenance and repair services to their customers worldwide.”