ABU DHABI, 2015-6-30 — /Travel PR News/ — SR Technics, one of the world’s leading providers of technical services for airlines, today announced that it has been selected to provide Integrated Component Services for Etihad Airways’ new Boeing 787 fleet, and is in advanced discussions on further Maintenance, Repair and Overhaul (MRO) contracts.
The agreement, worth over US$150 million, will see SR Technics provide Etihad Airways, the national airline of the UAE; with component maintenance support for what is set to be one of the largest Boeing 787 fleets in the world, with 71 aircraft in operation by 2023.
The agreement will cover the maintenance, repair and overhaul of Etihad Airways’ core Boeing 787 components, providing access to SR Technics’ main component pool distribution centre as well as its logistical, technical, engineering expertise and support.
James Hogan, Etihad Airways President and Chief Executive Officer, said: “This agreement confirms our growing relationship with SR Technics, which has already proven its capability when it comes to managing our existing fleet’s component services requirements.
“We were confident that SR Technics is the quality provider that best meets the needs of our Boeing 787 fleet on a global scale.”
The agreement will lead to a major increase in volume for SR Technics’ existing Boeing 787 component services-related business, demonstrating the competitive offering for this expanding market segment.
Commenting on the announcement, André Wall, CEO of SR Technics, said: “This latest agreement significantly reinforces SR Technics’ strategy to become a major provider to leading carriers of Boeing 787 component services in this fast-emerging market.
“The Boeing 787 aircraft forms a highly strategic position at the heart of both Etihad Airways’ and SR Technics’ long-term plans.
“We are delighted to deepen our long-standing partnership with Etihad Airways with the delivery of flexible and value-added solutions on a global scale. This award is the latest in a series of milestones for SR Technics, and is testament to the quality of our service and the strength of our workforce.”
Etihad Airways currently operates three Boeing 787 aircraft on key medium and long-haul routes from Abu Dhabi that include Washington DC, Mumbai, Moscow and Brisbane. This will be expanded to Zurich in July, and Singapore in August, with more destinations being added as the airline takes delivery of more of the type. The airline will also begin taking delivery of Boeing 787s in a two-class configuration from 2016.
ENDS
About Etihad Airways:
Etihad Airways began operations in 2003, and in 2014 carried 14.8 million passengers. From its Abu Dhabi base, Etihad Airways flies to 110 existing or announced passenger and cargo destinations in the Middle East, Africa, Europe, Asia, Australia and the Americas. The airline has a fleet of 116 Airbus and Boeing aircraft, and more than 200 aircraft on firm order, including 68 Boeing 787s, 25 Boeing 777-X, 62 Airbus A350s and eight Airbus A380s.
Etihad Airways holds equity investments in airberlin, Air Serbia, Air Seychelles, Aer Lingus, Alitalia, Jet Airways, Virgin Australia, and Swiss-based Darwin Airline, trading as Etihad Regional. Etihad Airways, along with airberlin, Air Serbia, Air Seychelles, Alitalia, Etihad Regional, Jet Airways and NIKI, also participate in Etihad Airways Partners, a new brand that brings together like-minded airlines to offer customers more choice through improved networks and schedules and enhanced frequent flyer benefits. For more information, please visit: www.etihad.com
About SR Technics:
SR Technics is one of the world’s leading independent providers of technical services for the civil aviation sector. The SR Technics Group offers its customer airlines comprehensive and totally-tailored solutions for the technical support and management of their aircraft fleets, engines and components, as well as VIP completion services. With its head office at Zurich Airport, SR Technics provides its services to about 500 airline customers through an extensive network of international operations and sales offices in Europe, America, Asia and the Middle East. SR Technics is owned by Mubadala Development Company. For further information please visit www.srtechnics.com
Damian James,
Etihad Airways Corporate Communications
Tel: +971 (0) 2 511 1035
Email: djames@etihad.ae
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