ST Engineering bags add-on Jet Airways maintenance contract for $479m
It will cover the entire 80 737NGs fleet for Jet Airways and subsidiary Jetlite.
ST Engineering Aerospace will facilitate CFM56-7B engine maintenance, repair, and overhaul services (MRO) for Jet Airways and subsidiary Jetlite for $479m, an announcement revealed.
Said agreement is an add-on to an earlier contract which initially covers only a portion of the airlines’ 737NG fleet. The latest agreement will include Jet Airways’ and JetLite’s entire fleet of 80 737NGs.
In total, the contract hit about $957m from the initial $478m.
ST Engineering will provide an integrated MRO package for the fleet, including off-wing engine maintenance support, on-wing services as well as technical support for 6 years starting from 2019 at the firm’s MRO facilities in Singapore and Xiamen, China.
“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,” ST Engineering Aerospace sector president Lim Serh Ghee said.
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