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 signature of a three-year contract with United States based low-cost airline Allegiant Air to service its fleet of CFM56-5B engines.
Headquartered in Las Vegas, Allegiant Air is the ninth largest commercial airline in the USA. It currently has a fleet of 80 Airbus A319/A320 but expects to be flying 93 aircraft by the end of 2019. As a rapidly growing airline, Allegiant Air was looking for an MRO supplier with a reputation for quality that could provide a cost-effective offer.
The airline has already sent the first three engines to Zurich for the first of approximately 50 CFM56 shop visits over the term of the contract. The three-year deal includes an optional two-year extension.
“We are thrilled to welcome Allegiant Air as a new SR Technics customer and look forward to meeting and exceeding their expectations,” said SR Technics Chief Commercial Officer Michael Sattler. “Moreover, this contract gives us the chance to establish an additional foothold on the competitive U.S. aviation market.”
“We look forward to working with the team at SR Technics, which brings an impeccable track record of providing an industry-leading standard of service,” said Allegiant Executive Vice President and Chief Operating Officer Scott Sheldon. “The Swiss operation clearly values both innovation and efficiency, very much in sync with Allegiant’s business philosophy. We expect those standards to bring great benefit across our operation.”