Wednesday, July 27, 2011

ST Aerospace seals over S$260 million contracts

Posted by- Neelam Mathews
July 27, 2011

As India struggles to get its MRO business moving, ST Aerospace has sealed over S$260m worth of new maintenance contracts in the second quarter of 2011. 

Ranging from three to 12 months, these contracts for the Aircraft Maintenance & Modification, Component Total Support and Engine Total Support businesses will be carried out at its facilities in the Americas, Asia Pacific and Europe.  The value of the contracts excludes the recent announcement of the 20-year logistics support contract for the 12 M346 aircraft, of which the first year’s contract value is estimated at about S$50million, says a statement.

The new airframe contracts secured for the Aircraft Maintenance & Modification business group cover line maintenance, base maintenance, heavy maintenance, passenger-to-freighter (PTF) conversion and interior refurbishment on various commercial and military aircraft platforms.  

For the three months ended June 2011, ST Aerospace redelivered 114 aircraft to various customers, for airframe related maintenance and modification work.  For PTF conversions alone, it has redelivered a total of four converted freighters in 2Q2011. Additionally, ST Aerospace has serviced 62 engines and 14,072 components for both commercial and military customers.

During the quarter, ST Aerospace launched its line maintenance services for TransAsia Airways’ fleet of A320 aircraft at Singapore Changi International Airport. The new component contracts signed for the Component Total Support business group include Maintenance-By-the-Hour (MBH), avionics and mechanical component maintenance, aerostructures and landing gear repair and overhaul.

The new engine maintenance contracts clinched for the Engine Total Support business group include on-wing maintenance, off-wing maintenance, technical management and asset management on various engines types.  These contracts will be carried out at ST Aerospace’s Singapore facility on a time-and-material basis.

On engine capability development, ST Aerospace broadened its range of aftermarket solutions with the set-up of its new engine leasing venture with Marubeni Corporation.  ST Aerospace also became the first independent MRO company to be declared a CFM International TRUEngine service provider.

No comments:

Post a Comment