Singapore, SR Technics, part of the Mubadala Aerospace Maintenance, Repair and Overhaul (MRO) network, has signed a ten year agreement for engine repair and maintenance services with SpiceJet, India’s most preferred low cost carrier.

SpiceJet has selected SR Technics as its exclusive provider of Engine Maintenance Services for CFM56-7B engines installed on SpiceJet’s fleet of Boeing 737-800 / 737-900ER aircraft. The agreement is worth up to US$415 million over ten years, and the work will be carried out at SR Technics’ facilities in Zurich, Switzerland.

In addition to Engine Maintenance Services, the agreement encompasses spare engine support to cover scheduled and unscheduled removals and engine condition monitoring. The work will commence with immediate effect.

James Stewart, Group Chief Executive Officer of the Mubadala Aerospace MRO network, commented: “I am delighted that SpiceJet has chosen SR Technics as its preferred provider of Engine Maintenance Services. This is the first major Indian low-cost airline customer for the Mubadala Aerospace MRO network, and reflects the quality and reliability of SR Technics’ offering.”

Neil Mills, Chief Executive Officer of SpiceJet said: “I am pleased that SR Technics will be providing MRO support for our growing fleet. Their proven track record in delivering rapid turn-around times is essential for us as we continue to build on our strong position in the expanding Indian aviation market.”

About SpiceJet

SpiceJet  is an Indian air carrier, with more than 16.8% market share. Operates 264 flights daily to 31 Indian cities (Surat would be 32nd destination) and 2 international destinations. The city of Agartala, Ahmedabad, Bangalore, Bagdogra, Chennai, Coimbatore, Delhi, Guwahati, Goa, Hyderabad, Jammu, Jaipur, Kochi, Kolkata, Madurai, Mumbai, Nagpur, Pune, Srinagar, Varanasi and Visakhapatnam and two international destinations, Kathmandu and Colombo are connected using our new generation fleet of 32 Boeing 737-800 / 737-900ER aircraft SpiceJet has newly acquired Bombardier Q400 aircraft for connectivity to Tier II and Tier III cities.

Source: Mubadala Aerospace