ATW Daily News
SRT, IAE sign support deals with Etihad worth up to $550 million
Friday November 20, 2009SR Technics' contract with Etihad Airways announced earlier this week in Dubai is worth up to $250 million. Under the 10-year Integrated Component Services contract, SRT will handle component exchange, MRO, engineering and logistics services, access to SRT's components pool and component management for Etihad's current Airbus fleet of more than 40 A320s, A330s and A340s as well as future deliveries.
EY's separate agreement with International Aero Engines is potentially worth $200 million. The deal covers comprehensive engine overhaul and repair service for V2500s powering the carrier's existing Airbus single-aisle fleet, a total of 30 engines (including two spares) for 12 A320s and two A319s.
Other headlines:
- 747-8 completes first flight one day shy of 41st anniversary of original 747 flight
- IATA: Airline CFOs confident demand, profitability will continue to improve
- FAA seeks comment on new pilot certification proposals
- Thai approves lease of 15 widebodies
- UPS to begin furloughing 300 pilots in May absent new agreement
- HNA Group to launch new Beijing airline
- Flight recorders recovered from downed Ethiopian 737
- Short-term improvement will not stop 'record' full-year loss at BA
- Steven Udvar-Hazy retires from ILFC
- Finnair annual loss doubles to €102 million
ATW Media Group
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