Business

SR Technics becomes strategic partner of Vietjet Air

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.
SR Technics becomes strategic partner of Vietjet Air ảnh 1At 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

VNA
#SR Technics #strategic partner #60 million USD #contract #technical services #Vietjet Air
Follow VietnamPlus

Related News

Vietjet Air opens new flight routes

Vietjet Air opens new flight routes

The low-cost carrier Vietjet Air has officially opened three new domestic routes, in order to meet travel demands during the Lunar New Year season.
Tet holiday air ticket sales vibrant

Tet holiday air ticket sales vibrant

Airlines have offered a number of promotional programmes as well as increasing more flights in order to serve demand on the occasion of the Lunar New Year (Tet) holiday.

See more

Loading and unloading steel products at Hoang Dieu–Chua Ve Port, Hai Phong city (Photo: VNA)

Hai Phong city seeks to boost inland waterway transport

According to the Hai Phong Maritime Administration, inland waterways carry coal, agricultural products, ores, stone, cement and other bulk cargoes, helping ease pressure on roads, particularly those connecting seaports and industrial parks.

Speakers at the conference (from left): AVPI Advisory Board Chair Dr Le Thu Huong, Australian Ambassador to Vietnam Gillian Bird, and Vietnamese Consul General in Sydney Nguyen Thanh Tung. (Photo: VNA)

Vietnam, Australia turn momentum into practical cooperation

Vietnam and Australia should focus on promoting two-way investment, expanding cooperation linked to APEC 2027 and making better use of people-to-people connections. Vietnam needs capital, skills, technology, infrastructure, and energy transition expertise - areas where Australia could offer valuable support.

The interface of the National E-Procurement System. (Photo: muasamcong.mpi.gov.vn)

Vietnam to move PPP bidding online from 2027

From January 1, 2027, PPP project proposals must be submitted through the National E-Procurement System. From September 1, 2027, investor selection for PPP projects tendered through open bidding will move fully online.

An automated robot-based production line at CAYI Technology Vietnam Co., Ltd. in Yen Phong II-C Industrial Park, Bac Ninh city (Photo: VNA)

EuroCham: Business Confidence Index in Vietnam remains high at 78.3 in Q3

The survey found that 64% of respondents described their current business conditions as good or very good, while 28% maintained a neutral or cautious outlook, reflecting a wait-and-see attitude as international demand remains flat and businesses look for policy momentum to translate into faster procedures and more predictable outcomes.

Workers manufacture handheld power tools at the Keystone Electrical Vietnam factory in Lien Ha Thai Industrial Park, Thai Thuy commune, Hung Yen province (Photo: VNA)

Vietnam seeks to turn FDI inflows into domestic value added

Vietnam is shifting its FDI attraction strategy from expanding investment volumes to prioritising capital inflows that brings technology, knowledge, modern management practices and stronger links with domestic businesses, particularly in semiconductors, artificial intelligence (AI), chips and renewable energy.

At Yadea Vietnam’s smart manufacturing plant in Tan Hung Industrial Park, Bac Ninh province (Photo: VNA)

Vietnam ties FDI incentives to local supplier commitments

Incentives will increasingly hinge on investors’ performance and commitments, not just on landing projects. Key commitments include transferring technology to Vietnamese firms, training workers, providing technical support and opening FDI supply chains to domestic companies.

Green SM has launched all-electric taxi service in the US. (Illustrative photo: VNA)

Green SM launches all-electric taxi service in US

The move brings Green SM into one of the world’s most dynamic and demanding markets. It also marks another step in the international expansion of the Vietnamese mobility brand, following its rapid growth across markets in Asia and Europe.

An overview of the meeting between IMF Managing Director Kristalina Georgieva and ASEAN Finance Ministers and Central Bank Governors (Photo: VNA)

Vietnam strengthens financial cooperation at IMF-World Bank annual meetings

The Vietnamese Governor underscored the complementary roles of global and regional financial cooperation mechanisms, including the Chiang Mai Initiative Multilateralisation (CMIM) and the ASEAN+3 Macroeconomic Research Office (AMRO). He also highlighted the importance of technical assistance in fintech, digital transformation, cybersecurity and risk management.

Representatives of the organising committee at the opening ceremony of the fair (Photo: VNA)

Vietnam-Cambodia trade expo promotes bilateral economic cooperation

The Vietnam-Cambodia Business Networking and Product Promotion Exposition has become a key trade promotion event, creating business and investment opportunities while strengthening mutual understanding and trust between the two countries’ armies, people and enterprises.