SR Technics signs a 12 year-contract with Philippine Airlines

STATEMENT 

April 28, 2016 – Zurich World leading MRO service provider SR Technics and flag carrier Philippine Airlines (PAL) recently signed a 12-year Integrated Component Services (ICS) agreement.

The agreement covers the servicing of a total of 45 A321 and 15 A330-300 aircraft, including component maintenance, component pooling and consignment of the main base kit, ensuring flexible access to spare parts.

The services will be managed by the SR Technics Center of Excellence for component maintenance in Kuala Lumpur, Malaysia, which currently serves over 460 aircraft in the Asia Pacific region.

"Safety remains the cornerstone of our operations. As such, we put premium in cultivating relationships with entities like SR Technics to help ensure the reliability of our fleet," says PAL President and Chief Operating Officer Jaime J. Bautista.

SR Technics CEO Jeremy Remacha comments: “We are delighted to contribute to the success of Philippine Airlines, extending our partnership for another 12 years. SR Technics has been expanding its presence in Asia over the past few years, and we are committed to further developing our services on this fast-developing market. This new agreement demonstrates our world-class quality and reliability, providing our customers with genuine added value. We look forward to supporting PAL for many years to come.”

SR Technics has a longstanding relationship with PAL. Last year, the two companies signed a five-year engine maintenance contract to support PAL’s entire fleet of CFM56-5C engines. As part of the agreement, SR Technics and AerFin are providing services to Philippine Airlines under their jointly managed Beyond.Fleet.Services™, a product suite which extends the life of maturing fleets and reduces the day-to-day operating costs for engines, airframe and component maintenance.

SR Technics' services cover nose-to-tail, customer proximity and optimized inventory management.  The company provides Airbus, Boeing and Embraer operators worldwide with guaranteed 24/7 component availability, combined with high-quality maintenance services and an established worldwide logistics network.