SR Technics and airberlin to extend and expand engines contract

SR Technics, one of the world’s leading providers of technical services to airlines, and airberlin, Germany’s second largest carrier, announced that they have signed a memorandum of understanding (MOU) to provide ongoing Engine Services. The MOU confirms that SR Technics will maintain, repair and overhaul both airberlin’s Airbus A330 PW4000-100″ (PW4168) and its Airbus 320 CFM56 engines until 2024. This represents a five-year extension of the existing Engine Services contract with a value in excess of US$450m over the term of the contract.