SR Technics signs $30m maintenance deal with Airblue

expat network

SR Technics signs $30m maintenance deal with Airblue

SR Technics, one of the world’s leading providers of technical solutions to airlines, is pleased to announce that it has signed an engine maintenance contract with Pakistan’s second largest airline, Airblue Limited. Worth over USD
30 million, the agreement runs until 2022 and covers the maintenance and overhaul of the M56-5B engines used on Airblue’s Airbus A320 fleet. This new agreement builds on the success of a seven-year contract between the two
companies for the same services.

Commenting on the latest success, SR Technics CEO Jeremy Remacha said: “We are proud to be prolonging our relationship with Airblue. This highlights our commitment to invest in longterm partnerships providing high quality and cost-effective services to our customers.” Speaking on behalf of Airblue, Sadia Mohammad, Deputy Managing Director for Operations, affirmed: “Extending our existing contract by another seven years was the obvious thing to do. SR Technics has a proven track record when it comes to servicing Airblue’s CFM engines. It is a record which clearly demonstrates that SR Technics provides the Swiss quality levels and safety stamp at the competitive rates that Airblue and its customers prize greatly.

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-ho 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.

Source: www.srtechnics.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.