Iberia Maintenance and Avianca have signed an agreement whereby for the next 61 months Iberia will maintain LRU (line replacement unit) parts of the CFM56-5B engines powering the Colombian airline's Airbus A318s and A319s. LRUs are easily-replaced modular units.
Iberia Maintenance carries out all maintenance of aircraft, engines and airplane parts for the airline’s own aircraft and has about a hundred outside customers around the word. It is the world's ninth-largest aircraft maintenance company and Spain's largest by revenues and staff, as well as in repairs, technology, and aircraft modification. In 2011 it inspected and repaired a total of some 200 engines and 66,000 parts.
Avianca was the first airline founded in Latin America and the second in the world, as "Aerovías del Continente Americano S.A.," following the merger of SCADTA and SACO in Colombia in 1940.
Date: May 21, 2012