Page 21 - AAA SEPTEMBER - OCOTBER 2017 Online Magazine

MRO FEATURE XXXXXXXXX XXXXSR TECHNICS
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Growing Reach

SR Technics acquisition by HNA will help its expansion into
the Asia Pacific market

support FroM hnA group Will we are known for Swiss quality standards,
help SR Technics further expand into our uncompromising dedication to safety, on-
the fast-growing Asia Pacific market, time delivery, short downtimes and a highly
says Jeremy Remacha, CEO of the Swiss skilled, reliable workforce. In a market where
maintenance specialist. In July 2016, HNA cost is a major driver, we need to be able to
Aviation announced plans to acquire an 80 offer all this at competitive prices.
percent stake in SR Technics, which is one
of the world’s largest independent MRO Is the large-scale retirement of ageing
providers. In October last year, the European aircraft fleets over the next decade a cause
Commission approved the acquisition. “Our for worry?
shareholders fully support our long-term The aviation industry is transitioning between
strategy and the focus on expanding our mature and new aircraft platforms. However,
global MRO business,” says Remacha. “The lower fuel costs provide an opportunity Jeremy Remacha, CEO, SR Technics,
support from HNA will help us strengthen our for some operators to extend the life of
presence in the emerging markets, offering their fleet and defer capital expenditure,
high potential through its aviation network, prolonging the core traditional MRO work. combine this data using advanced analytics
especially in China and beyond.” The expectation is that the operating costs software. This enables us to optimise
Edited excerpts from the interview: will remain aligned with market forces and investments and tactically deploy our
MROs will thus need to continue to innovate, inventory across our global network.
What is the company’s plan for the Asia relocate or consolidate.
Pacific region? What are some of the steps SR Technics
In 2014, we opened our component facilities How is SR Technics catering for the has taken to ensure that its employees are
in Kuala Lumpur, Malaysia. Today, we serve emergence of new MRO technologies and equipped to work on new generation aircraft?
over 460 contracted aircraft in Asia Pacific. challenges therein? We are globally renowned for our highly-
The Malaysian set up is part of our overall A positive culture and a commitment to skilled workforce. This has a lot to do with
strategy to develop a comprehensive global change are key drivers for innovation, in our company’s focus on high-quality training
operational footprint, designed to take our addition to the investments it requires. We and development, which is closely tied to our
operations close to our regional customers, are under constant pressure to be able to strategy and business needs. For example,
and further expand into the fast-growing Asia provide cost-efficient services to our clients, our technical experts continuously update
Pacific market is one of our key priorities. and this is driving us to find new and innovative their knowledge and undergo the training
ways of doing business. We are continuously they need to keep their technical and
What, according to you, are some of reviewing our processes and encouraging our professional skills up-to-date.
the main qualities of a successful MRO people to seek new and innovative ways to
company? make us more lean, efficient and competitive How will the company adapt to the expected
We are operating in a truly global market, on the global market, while maintaining our longer heavy maintenance intervals for
where cost is a major driver. Our challenges high quality and safety standards. new aircraft and engines?
are very similar to what our customers The aviation industry is transitioning
are facing: in order to remain competitive, How will big data impact the MRO industry? between mature and new aircraft platforms,
we need to focus on cost efficiency and Big data has great potential to fundamentally and MRO operators have to develop their
bringing new, innovative and affordable change the MRO industry. The ability to operations and continue to innovate in
solutions to market. In this environment, interpret and analyse a big amount of order to respond to the changing market
customer retention and satisfaction become information can lead to improved reliability environment. At SR Technics, we are
increasingly important. and predictability at lower costs, and this focused on developing strong, long-term
will benefit not only OEMs, but also airlines partnerships and co-operations with airlines,
What is it that makes your customers and MROs. For example, at SR Technics, we leasing companies and OEMs, delivering
choose you over your competition? are successfully using big data for inventory tailored solutions that add real value. We
We have over 80 years of operational optimization supporting over 1,000 aircraft. have also expanded our global footprint,
experience. SR Technics is a strong brand, and Customers provide us with live data, and we offering greater proximity to customers.
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