VietJet Air and SR Technics sign US$150 million memorandum of understanding

Vietjet and SR Technics sign MoU worth US$150 million ©Airbus

Vietjet Air (Vietjet), the largest airline in Vietnam in terms of the total number of passengers transported domestically, and SR Technics, a world-leading MRO services provider, have signed a memorandum of understanding (MoU) in Zurich, Switzerland on November 26 worth US$150 million (£112.8 million).

SR Technics will be responsible for providing MRO services for Vietjet’s CFM56-5B fleet of engines that are currently installed on Airbus A320 and A321 passenger jets, including the provision of engine maintenance, technical and training services, component requirements and repair and setting up a new aviation training centre, as a joint venture between Vietjet and SR Technics.

Vietjet operates across an extensive domestic and pan-Asia Pacific network and is looking to expand its operations to further international destinations. The carrier operates one of the youngest fleets of jets in the region and also globally.

Commenting on the MoU signing at the ceremony in Bern, Switzerland, SR Technics’ CEO Jean-Marc Lenz said: “We are very proud that Vietjet is committing to a long-term partnership with SR Technics. This confirms their confidence in SR Technics’ ability and expertise to provide best-in-class MRO services including engine maintenance and technical and training support in line with the highest benchmarks in the industry in terms of safety and quality.”

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