Singapore, 28 November 2019 – ST Engineering today announced that its Aerospace arm, has secured a 15-year engine Maintenance-By-the-Hour (MBHTM) contract from Japan Transocean Air.
Under the agreement, ST Engineering will provide an integrated suite of engine MRO solutions that include off-wing maintenance support, on-wing services and technical support to the airline’s Boeing 737NG fleet. These services will be provided over a period of 15 years starting from 2020 at the Group’s engine MRO facilities in Singapore.
Japan Transocean Air is a subsidiary of the Japan Airlines Group, which ST Engineering has been a longstanding partner of in MRO solutions, from integrated component services for their Boeing 737-800 fleet to airframe maintenance for their Boeing 737NG fleet.
Mr Noriyuki Aoki, President of Japan Transocean Air, said, “We believe this customised MBH programme will bring even greater value-add to our business through stability in engine operations in order to provide the highest possible standards in reliability and on-time performance for our customers. Furthermore, it provides us leverage through maintenance cost optimisation and cost control benefits, while enhancing the long-term partnership between Japan Airlines Group and ST Engineering.”
“This latest service contract from Japan Transocean Air reinforces the strong partnership between the two companies, and reflects the trust placed in ST Engineering for the strong and quality support that customers have come to expect of us,” said Mr Lim Serh Ghee, President of ST Engineering’s Aerospace sector. “We are happy for such continuous opportunities which allow us to support Japan Transocean Air with a broad spectrum of MRO support that cover aircraft components and now engines, and to fulfil our proposition in providing highly flexible and customised MBH™ programme to meet highly demanding and evolving operational needs.”
ST Engineering is a global technology, defence and engineering group specialising in the aerospace, electronics, land systems and marine sectors. The Group employs about 22,000 people across offices in Asia, the Americas, Europe and the Middle East, serving customers in the defence, government and commercial segments in more than 100 countries. With more than 500 smart city projects across 70 cities in its track record, the Group continues to help transform cities through its suite of Smart Mobility, Smart Security and Smart Environment solutions. Headquartered in Singapore, ST Engineering reported revenue of $6.7b in FY2018 and it ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, MSCI Singapore, SGX ESG Transparency Index and SGX ESG Leaders Index.
The Aerospace sector provides integrated aerospace services and solutions through a global network of facilities and affiliates in the Americas, Asia Pacific and Europe, supporting a broad customer base that comprises leading airlines, airfreight operators and armed forces. Its wide spectrum of maintenance and engineering solutions include airframe, engine and component maintenance, repair and overhaul; engineering design and technical services; as well as aviation materials and asset management services. The sector also has original equipment manufacturing businesses and holds proprietary designs in products such as aircraft seats. For more information, please visit www.stengg.com.
For media queries, please contact:
Head, Corporate Communications & Investor Relations
Tel: (65) 6722 1883
Say Huan Yuan
AVP, Corporate Communications
Tel: (65) 6722 1678