29 Jun 2015 13:30
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
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.