ST Aerospace signs comprehensive engine and material support agreements with CFM
Released on: August 16, 2008, 4:23 am
Press Release Author: ST Aerospace
Press Release Summary: CFM International (CFM) has inked a series of agreements with Singapore Technologies Aerospace Ltd (ST Aerospace) in support of ST Aerospace's CFM56-3, CFM56-5B and CFM56-7B MAINTENANCE, REPAIR AND OVERHAUL (MRO) operations.
Press Release Body: These agreements include a comprehensive 10-year materials services agreement that encompasses AIRCRAFT COMPONENT REPAIRS and the provision of both new and used serviceable materials for life-limited and non-life limited parts for the CFM56 engine. The value of this agreement is estimated at US$1.5b and takes effect immediately. As part of the material services agreement, CFM will establish a spare parts logistics center in Singapore to better support ST Aerospace and its customers in the region.
In addition to the material services agreement, ST Aerospace and CFM also signed an ENGINE OVERHAUL SUPPORT Agreement, which will grant ST Aerospace access to OEM technical support and data from CFM.
"This agreement is really a win-win proposition," said Eric Bachelet, President and CEO of CFM.
"ST Aerospace can now bring all the benefits of genuine CFM parts, fully backed by the original manufacturer, to its customers and we are now closely affiliated with one of the largest and most respected maintenance providers in the world with a truly global network."
"We are pleased to further develop our partnership with CFM across the various dimensions of total MRO support for the CFM56 family of engines," said Tay Kok Khiang, President of ST Aerospace.
"Through today's agreements, ST Aerospace will be able to leverage on the wide-ranging partnership with CFM to bring greater value to customers of our AIRCRAFT ENGINE TOTAL SUPPORT SOLUTION through OEM support in materials and engineering data."
CFM56 engines are a product of CFM International (CFM), a 50/50 joint company between Snecma (SAFRAN Group) and General Electric Company.
ST Aerospace is the aerospace arm of ST Engineering. Operating a global AIRCRAFT MRO network with facilities in the Americas, Asia Pacific and Europe, it is the world\'s largest airframe MRO provider with a global customer base that includes many of the world\'s leading airlines, airfreight operators and military operators. ST Aerospace provides a full spectrum of maintenance and engineering services through its two business segments: 1) Aircraft Maintenance & Modification (AMM) http://www.staero.aero/www/businesssegment.asp?bussubid=NTAwMDA 2) Component & Engine Total Support (CETS) http://www.staero.aero/www/businesssegment.asp?bussubid=NTAwMDM
Its services include AIRFRAME, ENGINE AND COMPONENT MAINTENANCE, REPAIR AND OVERHAUL; engineering design and technical services; and AVIATION MATERIALS and management services, including TOTAL AVIATION SOLUTION. ST Aerospace has a global staff strength of more than 7,000 engineers and technical specialists.