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SR Technics And Iberia Maintenance Conclude Reciprocal Engine And Component Services Agreements

Written by thomas · Filed Under Commercial 

September 30, 2008

thomas

SR Technics and Iberia Maintenance have concluded reciprocal contractual agreements covering engine and component services. The new accords mark the partners’ first-ever collaboration in these fields.

Under the new agreements, SR Technics will provide repair and overhaul services for the CFM56-5C engines of Iberia’s Airbus A340-300 fleet, supplementing the airline’s own work on these powerplants at its own facilities. In return, Iberia Maintenance will repair and overhaul SR Technics components from various aircraft fleets. The services covered by the new reciprocal accords will be provided at SR Technics’ Engine Service Centre in Zurich and at the Iberia Maintenance Component Center at Madrid’s Barajas Airport.

“We are delighted to have signed our first-ever engine services agreement with Iberia,” says Gerry Timoney, SR Technics Executive Vice President Engine Services. “We hope that this will be the beginning of a long and successful partnership between our two companies.”

“We’re pleased to continue the recent growth in our third-party component business with the addition of such an important partner,” adds Juan Ignacio Díez Barturen, Iberia Maintenance’s Senior Vice President Commercial & Development.

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. With its head office at Zurich Airport, SR Technics provides its services through an extensive network of international operations and sales offices in Europe, Asia and the Middle East. About 500 airline customers currently entrust some 750 aircraft, 300 engines and 78 000 components a year to its care. The company has a workforce of around 5 400 employees, and generated total operating revenue of CHF 1.85 billion in 2007. SR Technics is owned by a consortium from the United Arab Emirates composed of Mubadala Development, Dubai Aerospace Enterprise (DAE) and Istithmar World, which acquired the company in November 2006. For further information please visit www.srtechnics.com.

About Iberia Maintenance
Iberia Maintenance is the maintenance division of Iberia Airlines, and has its headquarters and principal maintenance base at Madrid’s Barajas Airport in Spain.  From its advanced, extensive and comprehensively-equipped facilities Iberia Maintenance supports the large and expanding Iberia fleet of Airbus A320-family, Airbus A340 and Boeing MD-80 aircraft with all-inclusive maintenance services covering airframes, engines and components.  With more than 100 airline customers worldwide, Iberia Maintenance is also emerging as one of the world’s leading suppliers of third-party airframe, engine and component maintenance services. More information at www.iberiamaintenance.com.

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