ST Aerospace announced that it has been awarded an exclusive component maintenance-by-the-hour contract worth $28 million by Spring Airlines Japan. This contract involves component repair management support for 22 of Spring Airlines Japan’s Boeing 737-800s.
Under the agreement, ST Aerospace will provide support for component repair and warranty management, as well as consignment and pool access to its global rotables inventory pool. It expects the new contract to take effect in the second half of 2013 and stretch over eight years.
ST Aerospace currently supports Spring Airlines Japan’s parent airline Spring Airlines on an existing hourly component maintenance program for 78 Airbus A320s. Besides component support, ST Aerospace has also provided airframe services, import, export, warehousing and logistics services to Spring Airlines through its global MRO network.