February 12, 2014
Japan Airlines signed a $220 million engine MRO contract with SR Technics on Feb. 11 at the MRO’s booth at the Singapore Airshow. The seven-year contract covers CFM56-7 overhauls on JAL’s Boeing 737NG fleet.
SR Technics will complete the overhauls at its engine facility in Zurich and expects to induct JAL’s first engine in February.
The contract builds on an existing contract JAL signed in 2008 for 737NG components. That 10-year deal was valued at $25 million.
Japan Airlines filed for bankruptcy in 2010 and made an initial public offering in 2012 after a significant restructuring.
Andre Wall, president of SR Technics Switzerland, says the new contract demonstrates a proven trust built over those dynamic years and provides an opportunity to strengthen the relationship.