ST Aerospace Expands Component MBH Support for Spring Airlines

(Singapore, April 8, 2010) -- ST Engineering today announced that its aerospace arm, ST Aerospace, has been awarded a contract from Spring Airlines for component Maintenance-By-the-Hour (MBH(tm)) services worth about US$105m (S$148m). The contract will expand the current support it provides to Spring Airlines' fleet from 15 Airbus A320 aircraft to an expected fleet of up to 78 aircraft of the same type. The new contract will commence in April 2010 and stretch over eight years.

The contract also includes the set up of a new warehouse at Spring Airlines' base at the Pudong International Airport in Shanghai to enhance the support to Spring Airlines. This is in addition to the existing warehouse at its base at the Hongqiao International Airport. The additional warehouse will provide the fleet with easy access to component consignment services at the Pudong International Airport.

"As we expand our operations, we are pleased to partner with ST Aerospace for its uncompromising attitude to safety and high quality standards. They have supported us since we began operations, and have provided maintenance and customer services that continually surpass our expectations. Our partnership over the last five years has given us the confidence to proceed with growth plans for our fleet and chart new international routes." ~ WANG Zhenghua, Chairman, Spring Airlines

"We are pleased that Spring Airlines has awarded us this new contract to support its expanded fleet of aircraft. The award by Spring Airlines strongly demonstrates Spring Airlines' satisfaction with the support we have provided over the last five years. We look forward to continue supporting Spring Airlines on the new contract in tandem with their continued growth. We are committed to the highest standards of performance. As an independent maintenance service provider, our customers' interests are our priority. We look forward to the success of our customers and continued expansion of our agreements with them. These are the best testaments of our commitment and efforts with customers. We appreciate Chairman Wang's commitment and support." ~ TAY Kok Khiang, President, ST Aerospace

Source : Singapore Technologies Engineering Ltd (SGX: ST Engg)