Extension of financing with Swiss Bank Consortium
SR Technics, a world leading MRO service provider, has signed a five-year agreement with Safran Aircraft Engines, one of CFM International's parent companies, for SR Technics to provide quick-turn maintenance offload support to LEAP-1A engines. This multi-year agreement follows earlier agreements signed with Safran for CFM56-5B, CFM56-7B, and LEAP-1B engines, demonstrating a strong commitment by SR Technics to continuously strengthen its support for CFM engines and the market. The first shop visit is scheduled in July 2023.
SR Technics and Safran Aircraft Engines have developed over the years a firm and enduring relationship, built on mutual trust. In October 2022, SR Technics signed with CFM International, a LEAP-1B/1A General Support License Agreement (GSLA). This has enabled SR Technics to support customers for the new generation LEAP engine platform.
“With the new LEAP-1A product, we have now taken a decisive step forward in the portfolio of our engine business. We are very proud to further extend our existing, very successful partnership and collaboration with CFM and to add this state-of-the-art engine type to our existing capabilities,” says Jean-Marc Lenz, CEO at SR Technics.
The LEAP engine services will be an integral part of SR Technics’ organization and product portfolio in Zurich, Switzerland. The core team of engine mechanics and engineers is already trained by Safran Aircraft Engines on the initial work scopes, backed by the industrialization process, which is in progress. SR Technics recently announced the groundbreaking of its Test Cell 2 facility in Zurich, which will also include LEAP-1A/1B and CFM56-5B/7B capabilities.
“We are delighted to expand our partnership with SR Technics which has been part a key player of the CFM MRO network for several years. Through this new agreement, we are developing additional capacities into our network to address the growing needs of the LEAP aftermarket and optimize our customers‘ operations worldwide,” says Nicolas Potier, Vice President Support & Services at Safran Aircraft Engines.
The LEAP engine family has the fastest accumulation of flight hours in commercial aviation history, amassing more than 30 million engine flight hours and 13 million flight cycles. Since entering service, the advanced LEAP-1A engine has accumulated more than 21 million flight hours and 3.5 million cycles providing 15 to 20 percent better fuel consumption and lower CO2 emissions, as well as a significant improvement in noise compared to previous generation engines.
© Photo credit by Safran Aircraft Engines