SR Technics and Bamboo Airways signed a Memorandum of Understanding worth USD 60 million

SR Technics, a world leading MRO service provider and Vietnam-based airline Bamboo Airways, are pleased to announce the signing of a Memorandum of Understanding (MoU) at Singapore Airshow 2022, which will promote the value and power of the highest standards of support solutions in the aviation ecosystem. The MoU establishes an agreement to jointly work together in the development of solutions being advanced by both companies.

The agreement will allow SR Technics and Bamboo Airways to explore areas of cooperation including CFM56-5B engines, training services, also providing technical services and component services by STRADE. By signing the Memorandum of Understanding, SR Technics and Bamboo Airways established a long-term partnership. The total value of its multiple cooperation would lead to around USD 60 million of signed deals. The signing ceremony was attended by representatives of two companies, high-ranking dignitaries, and business representatives of both countries during the Singapore Airshow.

Commenting on the MoU signing at the ceremony, SR Technics CEO Jean-Marc Lenz said: “We are thrilled to welcome Bamboo Airways as a new SR Technics customer and look forward to meeting and exceeding their expectations. I am pleased that with this MoU we will further support our commitment to provide best-in-class MRO services in the aviation world. We look forward to the future development of our partnership. This will impact the growth and strengthen Vietnam’s competitive position in serving the worldwide aviation MRO industry.”

“With the prestige and experience of SR Technics, we strongly believe the agreement with SR Technics' engines and other maintenance services for Bamboo Airways’ fleet will help enhance our operation capacity, service quality as well as competitiveness on potential international flight routes in the future." said Nguyen Khac Hai, Deputy General Director of Bamboo Airways.