Air Berlin and SR Technics enter extensive engine services partnership

Air Berlin awarded (06-Jan-2010) SR Technics a ten-year engine maintenance contract. The contract covers a significant number of the engines on Air Berlin's fleet of 55 A320, 13 A330s and 55 B737NGs. As part of the contract, a financing agreement for up to 12 spare engines, worth approximately USD100 million, was agreed between SR Technics' parent company, Mubadala Development Company, and Air Berlin. SR Technics will maintain these engines under the ten-year contract with Air Berlin. [more]