Singapore, 12 February 2020 – ST Engineering today announced that its Aerospace arm, has secured two multi-year MRO contracts from South Korean airline T’way Air which will see to the extension of an ongoing partnership in component and engine MRO between the two companies. Both contracts will take effect from March 2020.
Under the component contract, ST Engineering will continue to provide comprehensive component Maintenance-By-the-Hour (MBHTM) services to the airline’s entire fleet of 28 Boeing 737-800. The Group will also support the 25 Boeing 737Max aircraft that the airline plans to add to its growing fleet. Under the engine contract, ST Engineering will continue to provide an integrated suite of CFM56-7B engine MRO solutions that include off-wing maintenance support, on-wing services, engine health monitoring and technical support to the airline’s Boeing 737-800 fleet.
Mr Hong-Geun Jeong, CEO of T’Way Air said, “ST Engineering has been our valued business partner over the last decade and we are excited to extend our partnership into the new decade.”
“Our longstanding relationship with T’way Air spans over a decade starting in 2010. In these 10 years, we have seen how their fleet grew, and have taken immense pride in being able to support them in every step of the way with reliable and comprehensive component and engine maintenance services. Our decade-long partnership is testimony to the trust and confidence that T’way Air has in us, which we are committed to maintaining with even better value-added services and customer care,” said Mr Lim Serh Ghee, President of ST Engineering’s Aerospace sector.
The Group is showcasing its MRO solutions together with other aerospace capabilities at the Aviation cluster of the ST Engineering Pavilion (G01) from 11 – 16 February at Singapore Airshow 2020.
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 700 smart city projects across 130 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.
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