By David Dundas
SR Technics is a world-leading Engine MRO service provider, headquartered in Zurich, Switzerland, with over 90 years of operational experience. Working with an extensive network of partners and business development offices in Europe, the USA, Asia and the Middle East, the company offers comprehensive, fully customised solutions for the Maintenance, Repair and Overhaul (MRO) of aircraft engines, line maintenance and a components’ sales business including impeccable technical support to over 500 customers worldwide.
SR Technics is also an independent Engine MRO provider servicing most CFM56, PW4000, GTF and LEAP engine types. The company has a very diversified customer base with major airlines, aircraft leasing companies and OEMS from all over the world and has over 1,800 highly skilled employees.
In July 2024 Bo Lump was appointed Senior Vice President Business Development at SR Technics and we were keen to catch up with him to see what was going on at the company after his first year in such a challenging role, and to discover what the future held.
AviTrader: Bo, since July 2024 you have been responsible for the overall business development of SR Technics. Can you share with our readers the latest developments in the company?
Bo Lump: Thank you for the question. SR Technics has undergone a successful transformation over the past two years, with a strong focus on engine maintenance. On July 19, 2024, we welcomed the first Pratt & Whitney GTF engine to our Zurich facility, followed by the grand opening of a state-of-the-art maintenance facility for GTF engines and the reconstruction of a second test cell in September. Alongside our continued partnerships with valued customers like Asiana, Skymark and Allegiant Air, we are also excited to announce new agreements, including one with Air India. These awards are strengthening our position on the CFM56 and PW4000 market and utilising our expansive internal capabilities on this critical platforms. Additionally, we recently had the honour of hosting the Swiss Power-to-X Collaborative Innovation Network (SPIN) General Assembly 2025 in Zurich. This event plays a crucial role in shaping the future of sustainable aviation fuel and energy pathways, which is a vital development for the entire MRO industry.
You recently added a new facility in Bad Zurzach, Canton Aargau, located 30 minutes’ drive from Zurich Airport. Are you running out of space at Zurich Airport? What services is this additional facility providing?
Our location at Zurich Airport is ideal, and we have recently made significant investments, such as the reconstruction of our second test cell. The airport is well-managed, extremely secure, and well connected to public transport. However, with the expansion into new engine platforms (LEAP & GTF), we are always looking for additional space. The expansion to an additional location in Bad Zurzach, Switzerland, is an important step in our growth journey. As we continue to strengthen our position in the aviation MRO industry, the expansion reflects our commitment to meeting the increasing demand for both new-generation and main engine services.
In an AviTrader interview last April, Owen McClave, CEO of SR Technics Group said that SR Technics plans to double revenues by 2028. Are you on track to achieve the revenue target and if not, what challenges have you been facing?
SR Technics is on track with our “Take-Off 2028” strategy, which aims to double our business by 2028. While we are seeing steady growth, like all companies in the market, we face certain challenges. However, we remain focused and aligned with our strategic direction, and we continue to move forward with determination. One of the key lessons we have learned during this period of growth is the importance of talent acquisition. To support the increasing demand, we are in the process of hiring additional people. This recruitment effort is part of both our legacy business and our new-generation initiatives, as we continue to expand our capabilities. Additionally, we are looking beyond Switzerland, sourcing talent from the European Union and other regions to ensure we have the right expertise in place. We are also investing in industrialisation, enhancing our processes, and implementing new tools to improve efficiency. To support these advancements, we are investing significantly in training programs for our employees to ensure they are equipped to handle the evolving needs of the business. In addition, we are addressing global challenges such as supply chain issues and adapting to the changing landscape of the MRO industry. Despite these obstacles, our strategic focus remains clear, and we are confident in our ability to meet the targets set in our “Take-Off 2028” plan.
