Singapore Technologies Engineering’s (ST Engineering) aerospace sector has entered an agreement with India-based airline Jet Airways.
The agreement builds upon an earlier contract, which was announced in June 2015 and covered a portion of Jet Airways’ 737NG fleet.
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The new deal covers Jet Airways’ and JetLite’s entire fleet of 80 737NGs, increasing the value of the contract to around $700m from the initial $350m.
ST Engineering Aerospace sector president Lim Serh Ghee said: “This latest agreement from Jet Airways reinforces the strong partnership between the two companies which began when we started providing component maintenance services to their 737 Classic fleet.
“We are happy for the continuous opportunities given to us over the years that allowed us to expand our level of support beyond component services to cover airframe and engine services.
“Jet Airways can be assured that we will continue to maintain their aircraft with the highest standard in safety and quality to support their growth.”
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By GlobalDataUnder the terms of the agreement, ST Engineering will provide CFM56-7B engine maintenance, as well as repair and overhaul (MRO) services for the Boeing 737NGs that belong to Jet Airways and its subsidiary JetLite.
Jet Airways CEO Vinay Dube said: “Jet Airway’s partnership with ST Engineering’s Aerospace sector dates back to 2009. Through this new agreement, we are happy to extend our relationship through 2024.
“Over the past decade we have built a trusting relationship with ST Engineering and we look forward to our continued association with them for many years to come.”
