Extension of financing with Swiss Bank Consortium
SR Technics, a world leading MRO service provider, is pleased to announce the extension of its partnership with PT Garuda Maintenance Facility AeroAsia (GMF). As per the agreement, effective November 1, 2019, the two parties will be providing Integrated Component Services (ICS) for Garuda Indonesia’s fleet of Airbus A330neo and Airbus A330ceo aircraft.
As the first Airbus A330neo integrated component services contract for SR Technics, this agreement marks a milestone for the company, which has been working with Garuda Indonesia Group for over 30 years, and further strengthens its long-standing business relationship with GMF AeroAsia. Building on existing Integrated Component Services (ICS) agreements for the airlines’ Airbus A330 and Boeing 737NG fleets, the new contract will support the continuous improvement of component repair processes and turnaround times.
The contract covers component maintenance and flexible availability solutions, including the management and maintenance of components under a flight-hour rate. Services will be provided by the SR Technics Center of Excellence for component maintenance in Kuala Lumpur, Malaysia, and its operational headquarters in Zurich. The contract also includes on-site support, pool access, logistics and facilitated leasing.
GMF AeroAsia’s Chief Executive Officer, Tazar Marta Kurniawan said: “We’re delighted to strengthen our partnership with SR Technics on this Component Services cooperation for Garuda Indonesia. GMF is committed to provide Garuda Indonesia’s fleet with the best support solutions available, together with our partner SR Technics.”
Jean-Marc Lenz, Chief Executive Officer at SR Technics, said: “In response to industry trends, component services are an increasingly important part of what we do, and the new ICS contract reveals how our partners have come to trust SR Technics with these services. Besides strengthening our collaboration with Garuda Indonesia, we look forward to deepening our relationship with GMF AeroAsia, one of our key partners on the Asian market.”