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Thursday, September 28, 2006

SR Technics and China Airlines Sign Component Management Agreement

SR Technics and China Airlines entered into an agreement for the provision of component management services for China Airlines’ Airbus A330 and A340 aircraft. Under the six-year accord, valued at USD 17.5 million, SR Technics will provide component maintenance as well as access to its consignment stock in Taipei and the main stock in Zurich. The contract includes 16 Airbus A330 and eight A340 aircraft. It also includes a sale and lease-back of part of the inventory of China Airlines. The carrier, based in Taipei, operates a total of 67 aircraft. More

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