
SR Technics and Vietjet Air sign a Memorandum of Understanding worth US$150 million
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SR Technics, a world leading MRO service provider and Vietnam’s leading airline Vietjet Air are pleased to announce the signing of a Memorandum of Understanding (MoU) worth US$150 million involving providing MRO services on Vietjet’s CFM56-5B engine fleet, installed on their Airbus A320 and A321 aircraft. The work on the engines will be carried out at SR Technics' world-renowned facilities at Zurich Airport in Switzerland. The MoU also includes providing engine maintenance, technical and training services, component requirements and repair, and setting up a new Aviation training center, as a joint venture between Vietjet and SR Technics.