Spirit AeroSystems has signed an exclusive cooperation agreement with ST Engineering’s Commercial Aerospace business to support customers in select Middle Eastern countries, including Qatar, UAE, Jordan, Saudi Arabia, Kuwait and Oman, with aircraft engine nacelle MRO solutions. The companies intend...
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Spirit AeroSystems has signed an exclusive cooperation agreement with ST Engineering’s Commercial Aerospace business to support customers in select Middle Eastern countries, including Qatar, UAE, Jordan, Saudi Arabia, Kuwait and Oman, with aircraft engine nacelle MRO solutions.
The companies intend to support a significant portion of commercial aircraft variants to operators in the Middle East.
Spirit AeroSystems’ expertise include the design, build and repair of select components on the nacelles of the Boeing 737 NG/MAX, 747, 757, 777, as well as the Airbus A320ceo and A330, while ST Engineering has expertise in design, build and repair of select components on the nacelles of the Boeing 747, 767 and Airbus A330, A320neo. ST Engineering also has MRO licenses for the Boeing 787 and Airbus A320neo LEAP engine nacelles, and MRO expertise in the A320ceo and Boeing 737 NG/MAX.
“The cooperation will allow two strong MRO players to offer one-stop, comprehensive MRO solutions for our Middle Eastern customers. We will be able to pool our resources, offer our joint MRO capacity, and coordinate with our recently announced regional partners JORAMCO and GMR to deliver best-value MRO solutions. We are excited about the potential of this long-term exclusive cooperation in the region,” said Kailash Krishnaswamy, Senior Vice President of Spirit Aftermarket Services.
“By bringing together the expertise and solution suites of both companies, ST Engineering and Spirit AeroSystems can cater to much of the nacelle MRO needs of operators in the Middle East," said Goh Poh Loh, Executive Vice President and Head of Component Services at ST Engineering. "Under such an arrangement, customers can have the convenience of one-stop shop services and yet enjoy a wide scope of services, which we believe is a huge value add that allows airlines to focus better on their flight operations.”
Spirit’s Aftermarket business continues to grow since the acquisition of select Bombardier MRO operations in Belfast, Northern Ireland, and Dallas, Texas; the acquisition of assets from Applied Aerodynamics in Dallas, Texas, USA; and the signing of a joint venture agreement with Evergreen Aviation Technologies Corporation in Taiwan.
Over the last year, Spirit Aftermarket services has opened Spirit Evergreen Aftermarket Solutions (SEAS), a joint venture with Evergreen Aviation Technologies Corp. in Taiwan; signed agreements with Guangzhou Aircraft Maintenance Engineering Company Limited (GAMECO) in China, with GMR Aerotechnic in India, and with Jordan Aircraft Maintenance Company (Joramco) in Jordan, to be Spirit Authorized MRO centers; and has signed a MOU with Malaysia Airlines Berhad (MAB) to develop maintenance, repair and overhaul services.
Spirit’s Aftermarket business revenues have grown substantially from $186 million in 2019 to $311 million in 2022. ST Engineering’s Commercial Aerospace business had revenue of over $2 billion in 2022.
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