SR Technics signs five-year Integrated Component Solutions contract extension with Air Europa

SR Technics and Air Europa continue their partnership for Integrated Component Solution (ICS) support, following the recent signing of a contract extension. The five- year agreement runs from 2013 through to 2017.

The new contract covers aircraft from the Airbus A330, Boeing 767 and 737-800 aircraft types and includes component exchange, maintenance and repair, and logistics services. Under the agreement Air Europa will also have access to the SR Technics components pool and component management services, covering a complete package of components including Auxiliary Power Unit and Engine Line-Replaceable Units.

SR Technics will manage component inventory pools in Zurich, Switzerland.

“We have enjoyed a long and successful relationship with Air Europa, celebrating 20 years of working in partnership this August. Over these years SR Technics has extended its support across the airline’s entire Airbus and Boeing fleets for all component maintenance and repair requirements,” said James Stewart, CEO at SR Technics. “As testament to our working relationship, in January 1996, we collectively set up a component repair facility in Palma, as a joint venture, to fully support the airline’s operations. Since its establishment we have serviced 152 aircraft from 10 airlines, out of this facility.”

“By extending our contract with SR Technics until 2017, we will achieve a partnership of at least 26 years,” said Alberto Lines, Maintenance & Engineering Director at Air Europa. “Air Europa was a pioneer in the component support solution arena, being one of the first European airlines to sign a component “power by the hour” agreement. Throughout the last 20 years, the service has evolved, no longer being purely limited to component maintenance, repair and spares services. Our fleet has experienced significant changes. New aircraft and new aircraft models have been incorporated while older ones were phased out. We have built new solutions together with SR Technics, either considering new models or newer specifications as a normal evolution of existing aircraft. We have proved that flexibility is one of the best values of SR Technics.”