SINGAPORE - Singapore Technologies Aerospace (ST Aerospace) has signed a six-year engine maintenance contract worth about US$350 million (S$472 million) with Indian carrier Jet Airways and its subsidiary JetLite.
The Singapore firm will provide an integrated suite of engine maintenance, repair and overhaul services, for the CFM56-7B engines which power both Jet Airways' and JetLite's fleet of Boeing 737-Next Generation aircraft.
ST Aerospace will perform the services at its facilities in Singapore and Xiamen, China, the firm said on Wednesday.
The contract extends an existing 10-year agreement between the two parties.
Jet Airways' chief executive officer, Mr Cramer Ball, said: "Jet Airways has had a long and dependable working relationship with ST Aerospace for maintenance support of our aircraft fleet. We are happy to further extend this partnership, fully confident that our engines are in reliable hands."
ST Aero is honoured by the airline's vote of confidence, said the firm's president, Mr Lim Serh Ghee.
"The fact that our customer has given us the opportunity to support their operational requirements time and again over the past two decades, speaks of a strong and trusted partnership between ST Aerospace and Jet Airways," he said.