Extension of financing with Swiss Bank Consortium
SR Technics, a world leading MRO service provider, proudly announces joining the global network of providers that maintain the GTF™ engine powering the Airbus A320Neo aircraft family.
Upon signing with Pratt & Whitney, SR Technics’ Zurich-based facility will serve PW1100G-JM engines for the A320neo with full disassembly, assembly, and test capabilities.
The executed long-term commitment will enable SR Technics to enhance its repair capability and overall competitiveness by securing and expanding its high skilled workforce in Switzerland by up to 400 new jobs to be created by 2024 to meet the new capacity and related demand. In addition, a high double digit million Swiss francs will be invested in the facilities at the Zurich-Airport site, such as special tools and dedicated maintenance equipment including a new test cell to accommodate the new maintenance work.
“We are very excited to join the esteemed Pratt & Whitney GTF MRO network,” said Jean-Marc Lenz, chief executive officer at SR Technics. This is a major cornerstone in our company development in line with our SR Technics Strategy to extend our capabilities by providing maintenance, repair, and overhaul services for the GTF engine at our facilities in Zurich. “By adding the PW1100G-JM engine we are not only broaden our product portfolio, but we also expand our highly skilled workforce and footprint in Switzerland.
“The GTF engine and its latest GTF Advantage™ configuration serve as the most fuel-efficient and sustainable single-aisle aircraft engines in the aviation industry,” said Marc Meredith, executive director of GTF Engine Aftermarket at Pratt & Whitney. “With increasing engine orders, we continue to grow our MRO presence with capable, quality maintenance providers to ensure our proximity to customers. We are thrilled to welcome SR Technics to this distinguished network of shops.”
The GTF MRO network is part of Pratt & Whitney’s EngineWise® solutions, which provide engine operators with a variety of aftermarket services resulting in long-term, sustainable value.