ST Aerospace Clinches CFM56-7B Engine Maintenance Contract
Singapore Technologies Engineering Ltd (ST Engineering)'s aerospace arm, ST Aerospace today announced it has been awarded a contract to support Korean low fare airline Eastar Jet's CFM56-7B engines over 10 years. With a contract value of about US$15m (S$18.8m) per year, the agreement covers Eastar Jet's current fleet of six Boeing 737 Next-Generation aircraft as well as the additional Boeing 737 Next-Generation aircraft that Eastar Jet would be introducing into the fleet. Eastar Jet plans to increase its Boeing 737 Next-Generation fleet to 26 by 2021.
Under the agreement, ST Aerospace will provide Eastar Jet with an integrated suite of engine maintenance, repair and overhaul (MRO) services including off-wing engine maintenance support, on-wing services, technical support and spare engine support. Eastar Jet's engines will be maintained by ST Aerospace's engine facilities located in Singapore and Xiamen, China.
Global Military Aviation MRO Market 2014-2024
Source : Singapore Technologies Engineering Ltd (SGX: ST Engg)
Oct 20 - 23, 2014 - Phoenix, United States