ST Engineering and Jet Airways agree on engine maintenance
ST Engineering announced on 31 August that it has signed an agreement to provide CFM56-7B engine maintenance, repair and overhaul (MRO) services for the Boeing 737NGs belonging to Jet Airways and its subsidiary, JetLite. This add-on agreement will cover the combined fleet of 80 737NGs, increasing the existing contract value from US$350 million to around US$700 million.
ST Engineering will provide a range of MRO solutions covering off-wing and on-wing technical support for six years commencing in 2019 with the work to be done at ST Engineering engine MRO facilities in Singapore and Xiamen, China.
Lim Serh Ghee, ST Engineering’s president for aerospace, said: “This latest agreement from Jet Airways reinforces the strong partnership between the two companies which began when we started providing component services to their 737 Classic fleet. We are happy for the continuous opportunities given to us over the years that allowed us to expand our level of support beyond component services to cover airframe and engine services. Jet Airways can be assured that we will continue to maintain their aircraft with the highest standard in safety and quality to support their growth.”
Vinay Dube, CEO of Jet Airways, said: “Jet Airways partnership with ST Engineering Aerospace dates back to 2009. Through this new agreement we are happy to extend our relationship through 2024. Over the past decade we have built a trusting relationship with ST Engineering and we look forward to our continued association with them for many years to come.”