New Partnership with Evergreen Aviation Technologies Corporation and Customer Agreement with EVA Air Expand the Region's Capacity for Growing Fleet Demands and Align with Growth Strategies
Spirit AeroSystems (NYSE: SPR) announced today an expansion of its aftermarket footprint in Asia through a multi-year partnership with Evergreen Aviation Technologies Corporation (EGAT) and a maintenance, repair and overhaul (MRO) customer agreement with EVA Air for 777 GE90 nacelles. EGAT, an award-winning aircraft MRO facility based in Taiwan, is highly proficient in airframe component and composite repairs. The agreements position Spirit for growth and significantly reduce MRO costs for passenger and freight carriers in the region by keeping repairs local.
Through these relationships, Spirit will provide maintenance services on the products it manufactures – with core capabilities on the 777 GE90/Trent800 nacelle and 737 CFM56-7B thrust reverser, and on flight control surfaces – as well as grow capabilities and capacity to support increasing demand in the region. The EGAT partnership also expands Spirit's capabilities to facilitate service for a broader range of fleets, helping to maintain them across all platforms and regions.
With closer inventory on hand, including rotable assets, and Spirit's composite expertise and manufacturing experience, Spirit will provide comprehensive capability for complex and minor repairs to better support fleets locally. This will also help reduce lead time, MRO expenses and capital investments in parts inventory, while increasing aircraft uptime. Significant cost-savings are also possible as fewer repairs are outsourced to locations outside of the region. EGAT also enables Spirit access to deliver broader nacelle MRO services to include CF6 powered aircraft and A320s.
"Asia represents extensive growth opportunities for Spirit. We're committed to making investments in the region that align with our growth strategy and help increase readiness for growing fleet demands," said Jim Lickteig, Senior Director of Aftermarket Services at Spirit AeroSystems. "Given our expertise in repairing advanced composites, we want to share our established knowledge with strategic partners and customers to establish regional expertise when these structures need repairs and modifications."
In addition to Taiwan, Spirit also operates an MRO location in Kansas. Learn more about Spirit's Global On-Site Solutions.