Zurich: SR Technics, part of the Mubadala Aerospace Maintenance, Repair and Overhaul (MRO) network, announced today that it has signed exclusive Repair Cycle Management (RCM) and engine maintenance contracts with Philippine Airlines (PAL), the flag carrier of the Philippines.

The RCM agreement is for PAL’s entire Airbus fleet, totaling 33 wide and narrow body aircraft, and covering in total 2,000 part numbers. The services provided will include component maintenance, management, logistics and engineering support. The engine maintenance contract covers 21 CFM56-5C engines for the entire Airbus A340-330 fleet.

SR Technics has provided MRO support for PAL since December 2010, on a single event basis, and this expansion of the relationship demonstrates the strong service provided to date. The work for both 5 year contracts will be carried out at SR Technics’ facility in Zurich as well as with Asian partners.

James Stewart, Group Chief Executive Officer of the Mubadala Aerospace MRO network, commented: “To secure such significant contracts with the flag carrier of the Philippines is testament to our world class quality and reliability, demonstrating the competitiveness of our global offering. We look forward to further expanding our partnership with PAL by extending our offerings to include component and engine services. The Asia-Pacific region is an important market for the Mubadala Aerospace MRO network, and we aim to build our position going forward.”

Jaime Bautista, President and COO of PAL, commented: “SR Technics has impressed us with the flexibility to tailor the right solution for PAL. The consistent and reliable turnaround times during the projects we have worked on with them this year, and their customer focused approach, mean we are delighted to grow the relationship.”

Source: SR Technics 

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About Philippine Airlines

IATA	ICAO	Callsign
PR	PAL	PHILIPPINE

Founded	November 14, 1935 as Philippine Aerial Taxi Company, incorporated February 26, 1941 as Philippine Air Lines and commenced operations March 15, 1941 (71 years ago).
Hubs	Ninoy Aquino International Airport, Mactan-Cebu International Airport
Business Address	7th Floor Allied Bank Center, 6754 Ayala Avenue, Makati City
Parent company	PAL Holdings, Inc.
Key executives	Lucio C. Tan (Chairman and Chief Executive Officer),  Ramon S. Ang (President and Chief Operating Officer), Harry C. Tan (Treasurer), Daniel L. Ang Tan Chai (Chief Financial Officer), Estelito P. Mendoza (Corporate Secretary), Ma. Cecilia L. Pesayco, Irene M. Cipriano (Assistant Corporate Secretarie)
Subsidiaries	Airphil Express
Destinations	45
Official website	philippineairlines.com
Codeshare agreements	Air Macau, Airphil Express, Cathay Pacific, Emirates, Etihad Airways, Garuda Indonesia, Gulf Air, Malaysia Airlines, Vietnam Airlines

Philippine Airlines, Inc. (abbreviated as PAL) operating as Philippine Airlines, is a flag carrier of the Philippines. Is the first and oldest commercial airline in Asia operating under its original name. 

Formerly one of the largest Asian airlines, PAL was severely affected by the 1997 Asian financial crisis. PAL was forced to reduce its international operations by terminating operations to Europe and eventually Middle East, and almost all domestic services excluding routes operated from Manila, reducing the size of its fleet and laying off thousands of employees. The airline was placed under receivership in 1998, gradually restoring operations to many of the destinations it previously serviced. PAL exited receivership in 2007 with plans to restore destinations serviced in the past.

The current fleet of  Philippine Airlines consist of the following: 

Aircraft	Total	Orders	Options	Passengers				Note
				C	Y		Total
Airbus A319-100	4	0	0	8	126		134	For short haul routes, Asia, domestic routes  All fitted with new interior,  business class has IFE with AVOD, Leased from GECAS
Airbus A320-200	14	3	0	12	138		150	For short haul routes, Newer aircraft have been fitted with new interior and business class  with IFE/AVOD.
				12	144		156	For Asia, Guam and domestic routes, Seven leased from GECAS
Airbus A330-300	8	0	0	42	260		302	For short to medium-haul, Asia, Hawaii routes  international and domestic routes
Airbus A340-300	4	0	0	44	220		264	For short to long-haul international and domestic, Asia, North America, Australia routes
Boeing 747-400	5	0	0	42	383		425	For short to long-haul international and domestic routes, All aircraft, except RP-C8168, are fitted with new long-haul product.
				44	383		427	For Asia, North America routes, 0sx business class seats removed from RP-C8168.
				56	335		391
Boeing 777-300ER	2	4	0	42	328		370	For short- to long-haul international and domestic, Asia, North America,Australia routes. Fitted with new long-haul product. For two aircraft to be delivered this year, with deliveries complete by 2013.
Total	37	7	0