At the signing ceremony (Photo: Vietjet Air)

Singapore (VNA) – SR Technics, one of the world’s leading suppliers of technical solutions to airlines, will provide component and maintenance services for the low-cost carrier Vietjet Air’s A320 and A321 aircraft after the two sides inked a strategic partnership contract on February 17 at the fifth Singapore Airshow. 

Worth 60 million USD, the contract marks a milestone in the relationship between the two enterprises, following the success of the long term CFM-5B engine services partnership, signed in early 2015.

Speaking at the signing ceremony, Vice President of Vietjet Air Nguyen Duc Thinh highlighted that SR Technics is a world-leading partner in providing advanced technical services with flexible and committed solutions, which can meet Vietjet Air’s operation demands.

Meanwhile, interim CEO of SR Technics said his company is honoured to be a strategic partner of the Vietnamese airline.

The contract enhances SR Technics’ commitment while affirming the two sides’ mutual trust, he said, believing that Vietjet Air will reap further success in the future.

Vietjet Air is a new generation airline in Vietnam, offering its passengers diversified services at low cost. In addition to the International Air Transport Association (IATA)’s certificate for operational safety audit (IOSA), the carrier won the “Best Asian Low-Cost Carrier” title at the TTG Travel Awards.

Last year, Vietjet also entered the top three fastest growing Facebook airline brands in the world as rated by analysis website Social backers.

Currently, the carrier, with a fleet of 34 A320 and A321 airplanes, is operating nearly 200 flights a day on 47 domestic and international routes, including those to Singapore, the Republic of Korea, Taiwan, China, Thailand and Myanmar.

The carrier is increasing its presence in the Asian-Pacific market to serve the demands of the customers.

Meanwhile, Switzerland’s SR Technics provides services either directly to the airline or through other parties such as aircraft leasing companies, Original Equipment Manufacturers or component trading company. It also offers its customers advanced technical services as well as technical training with VIP services around the clock and around the globe. It has more than 500 customers from Europe, America, Asia and the Middle East.-VNA