Mumbai, March 31
Jet Airways and its all-economy subsidiary, JetLite, have signed a 10-year contract with the Singapore-based ST Aerospace for maintenance support to CFM56-7B engines that power their fleet of 67 Boeing 737 next -generation aircraft, the company said in a statement on Wednesday. The maintenance-by-the-hour contract is worth $750 million (Rs 3,375 crore) and will commence immediately, the statement added.
The agreement encompasses the commissioning of an ‘Engine Hospital Shop' at Jet Airways' hangar facility in Mumbai. Its commissioning will enable the airline to maintain and service the engines of its Boeing 737 fleet.
The company expects the maintenance agreement to provide a “high standard of maintenance quality with improvement in technical reliability and longer on-wing life of the engines”.