Finnair and SR Technics have signed a Memorandum of Understanding, according to which Finnair will in the future source engine and component services for its aircraft from SR Technics. Finnair expects the cooperation to result in significant cost savings for the company. The planned cooperation is a part of Finnair’s transformation program started in August 2011, which includes enhancing the company’s partner network. Finnair increasingly focuses on its airline operations and partners with world-class companies in other parts of its business.
Already a significant share of Finnair’s engine maintenance, approximately half of the company’s component maintenance and the majority of aircraft heavy maintenance for Finnair’s fleet, are done by partners. However, Finnair’s line maintenance, which forms the core of aircrafts’ airworthiness and employs a staff of 550, continues to be an integral part of Finnair’s own operations. In practice the planned cooperation with SR Technics would result in discontinuing Finnair’s own engine services and making major adjustments to Finnair’s component services. Finnair now starts consultations with personnel representatives on these plans. Finnair announced on August 5, 2011 that it targeted decreases in its annual costs of €140m by 2014.
