PRESS RELEASE
GMF AeroAsia and SR Technics to further collaborate on MRO
engineering and network opportunities
February 17, 2016 – Zurich, Switzerland: SR Technics, one of the world’s leading providers
of technical solutions to airlines, and GMF AeroAsia announced today that they had entered
into a five-year agreement in which both parties will work together to develop the engineering
and maintenance repair overhaul (MRO) capabilities of GMF AeroAsia, while also
collaborating further on MRO and joint network initiatives. This agreement strengthens
SR Technics’ position as a long-term provider of MRO services on the Asian market.
The agreement follows the signing of a separate five-year contract between SR Technics and
GMF AeroAsia, which commits them to work together to provide component support for the
Garuda Indonesia, Indonesia’s flag-carrier, Boeing 737 fleet. Both agreements were witnessed
in a signing ceremony at the Singapore Airshow.
SR Technics’ interim CEO Jeremy Remacha commented: “This agreement enhances our
existing long-term partnership with GMF AeroAsia. Together we have established a stronger
presence in the Asia region. As a strategic partner we support GMF AeroAsia in the joint
initiatives to further develop engineering capabilities in this fast growing region. Ultimately,
these initiatives will benefit both our organisations by enabling the provision of ever improving,
value adding products and services to our customers.”
Speaking on behalf of GMF AeroAsia, President and CEO Richard Budihadianto said: “We are
pleased to work with SR Technics in this partnership. We have a long standing relationship
with them and we continue to collaborate on strategic initiatives together. This agreement
symbolizes how we will further develop our engineering capabilities and utilize the extensive
MRO capabilities and networks of both companies to develop the market in the Asian Pacific
region.”
-ENDSMedia contacts:
SR Technics
Minna Levanto
Head of Communications
Phone: +41 58 688 50 20
Email: minna.levanto@srtechnics.com
About SR Technics
SR Technics is one of the world’s leading independent providers of technical services for the
civil aviation sector. The SR Technics Group offers its customer airlines comprehensive and
totally-tailored solutions for the technical support and management of their aircraft fleets,
engines and components. This is coupled with extensive engineering know-how, 24/7
worldwide component availability, broad technical training offerings, and VIP completion
services. With its head office at Zurich Airport, SR Technics provides its services to about 500
airline customers through an extensive network of international operations and sales offices in
Europe, America, Asia and the Middle East. SR Technics is wholly owned by Mubadala
Development Company. For further information please visit www.srtechnics.com.
About Mubadala Development Company
Established and owned by the Government of Abu Dhabi, the company’s strategy is built on
the creation of partnerships and on long-term, capital-intensive investments that deliver strong
financial returns and tangible social benefits for the Emirate of Abu Dhabi, and that contribute
to the growth and diversification of its economy.
Mubadala brings together and manages a multi-billion dollar portfolio of local, regional and
international investments and partners with leading global organizations to operate businesses
across a wide range of industry sectors. These include aerospace, semiconductors, metals
and mining, oil and gas, renewables, information and communications technology, healthcare,
real estate and infrastructure, and services. For more information about Mubadala please visit
www.mubadala.com.