..:: India Strategic ::. ABC Aviation: Etihad Airways, SR Technics conclude $150 m Boeing 787 contract

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Editorial

Etihad Airways, SR Technics conclude $150 m Boeing 787 contract

Published: November 2015

Zurich, Switzerland. SR Technics, one of the world’s leading providers of technical solutions to airlines, reported November 11 that it concluded a contract worth $150 million with Etihad Airways to provide Integrated Component Services to its growing Boeing 787 fleet.

The contract requires the MRO to supply logistical, technical, engineering services and expertise and component maintenance support. It also guarantees the airline access to SR Technics’ main component pool distribution centre.

James Hogan, Etihad Airways President and Chief Executive Officer, said: “Etihad Airways has a large order of 71 Boeing 787s for delivery by 2023 making us one of the biggest customers in the world of this revolutionary aircraft.

“Our 787 fleet expansion plans form a critical part of our business strategy so too does our reliance on the flexible and professional services of SR Technics to keep them operational. We have an excellent working relationship with SR Technics and are delighted to build on the strong partnership through this latest agreement.”

SR Technics’ Interim CEO Jeremy Remacha commented: “SR Technics is very pleased to have finalizsed this ground-breaking Boeing 787 contract with Etihad Airways. This contract reflects how we are adapting our business to accommodate both new platforms and the changing needs of fast-growing global airlines. It shows that we are future-proofing SR Technics.”

The completion of the contract follows a Memorandum of Understanding (MoU) between the two parties in June 2015, which committed them to enter into discussions.