FOR IMMEDIATE RELEASE
ST AEROSPACE SEALS COMPONENT REPAIR
MANAGEMENT MBHTM CONTRACT WITH AIRASIA
Marks 10 years of friendship and partnership
Farnborough, London, 12 July 2012 – ST Aerospace and AirAsia jointly announced today that
the companies have signed a 10-year agreement worth approximately US$80m (S$102m). The
contract involves component repair management Maintenance-By-the-Hour (MBHTM) support for 75
of AirAsia’s Airbus A320 aircraft, and is expected to commence immediately.
ST Aerospace is currently supporting AirAsia on an existing component repair management MBHTM
programme for 100 A320 aircraft. With this contract, ST Aerospace will effectively support 175 of
AirAsia’s A320 aircraft.
“Through high aircraft utilisation and paramount importance placed on flight safety and quick
turnaround time, AirAsia has managed to achieve high efficiency in operations to keep our costs
low. ST Aerospace has been a reliable partner, consistently providing us with high quality and cost
effective maintenance, repair and overhaul services. We have enjoyed 10 years of partnership,
and we look forward to continuing this successful relationship.”
~ Tony FERNANDES, Group CEO, AirAsia
“ST Aerospace is honoured to further our partnership with AirAsia. This contract is a testimony to
our performance and ability to provide our customers with safe and dependable maintenance,
repair and overhaul solutions. It also reflects AirAsia’s confidence in ST Aerospace’s services over
the last decade. ST Aerospace is fully committed to building our relationship with AirAsia as the
airline continues to grow its operations worldwide.”
~ CHANG Cheow Teck, President, ST Aerospace
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This contract marks the 10 years of partnership between ST Aerospace and AirAsia.
ST Aerospace first provided AirAsia’s fleet of five Boeing 737-300 aircraft with component rotable
management and support services in 2002. Through the years, ST Aerospace has steadfastly
supported AirAsia’s fleet with an integrated range of solutions that includes airframe maintenance,
avionics upgrades, cabin interior reconfiguration, component rotable and maintenance services, as
well as engine MBHTM support. When it introduced its new fleet of 100 A320 aircraft in 2007,
AirAsia extended its partnership with ST Aerospace for component repair management MBHTM
services on this new aircraft fleet.
This contract is not expected to have any material impact on the consolidated net tangible assets
per share and earnings per share of ST Engineering for the current financial year.
*****
AirAsia, the leading and largest low-cost carrier in Asia, services the most extensive network with
150 routes. Within 10 years of operations, AirAsia has carried over 140 million guests and grown its
fleet from just two aircraft to approximately 114. The airline today is proud to be a truly ASEAN
(Association of Southeast Asian Nations) airline with established operations based in Malaysia,
Indonesia, Thailand and Philippines servicing a network stretching across all ASEAN countries,
China, India, Sri Lanka and Australia. This is further complemented by AirAsia X, its low-cost longhaul affiliate carrier that currently flies to destinations in China, Australia, Taiwan¸ Iran, Korea and
Japan. AirAsia was named the World’s Best Low Cost Airline in the annual World Airline Survey by
Skytrax for three consecutive years (2009, 2010, 2011).
ST Aerospace (Singapore Technologies Aerospace Ltd) is the aerospace arm of ST Engineering.
Operating a global MRO network with facilities and affiliates in the Americas, Asia Pacific and
Europe, it is the world’s largest commercial airframe MRO provider with a global customer base
that includes leading airlines, airfreight and military operators. ST Aerospace is an integrated
service provider that offers a spectrum of maintenance and engineering services that include
airframe, engine and component maintenance, repair and overhaul; engineering design and
technical services; and aviation materials and management services, including Total Aviation
Support. ST Aerospace has a global staff strength of more than 8,000 engineers and technical
specialists. Please visit www.staero.aero.
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Media Contacts:
Belinda Ng
AVP/Head, Corporate Communications
ST Aerospace
Tel:
(65) 6380 6176
Email: belindang@stengg.com
Aziz Laikar
AirAsia, Communications
Tel:
(60) 12 366 9745
Email: azizlaikar@airasia.com
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