ST Engineering and Vietjet Sign Component Support Contract

Singapore, 25 February 2022 – ST Engineering (the “Group”) and Vietjet today signed a comprehensive component Maintenance-By-the-Hour (MBH™) contract that will see to the Group supporting the airline’s entire fleet. The signing ceremony took place on 25 February during the official visit of Vietnam President Nguyen Xuan Phuc to Singapore.

Under the contract, ST Engineering will provide Vietjet with a full suite of component support solutions covering component pooling, repair, overhaul, modification, main base kits, component health monitoring and logistics services for the airline’s entire fleet.

Vice President of Vietjet, Ho Ngoc Yen Phuong, said, “We value the fact that ST Engineering can provide on-site MRO services as well as leverage their global component support network to support our international flight operations 24/7. We are assured that they will be a reliable partner to support the flexibility in our technical operations and maintenance as we focus on expanding our flight network internationally.”

“The component MRO facilities, together with life-cycle support capabilities, in our global network will be able to provide excellent support to Vietjet’s fleet. When combined with our comprehensive component solutions, we are confident in helping Vietjet achieve significant cost-savings and enjoy operational reliability at the same time,” said Jeffrey Lam, President of Commercial Aerospace at ST Engineering.

Recognised worldwide for its hallmark component MBH™ programmes, ST Engineering supports more than 900 aircraft and provides integrated component solutions for over 23,500 unique aircraft parts. ST Engineering is also the authorised service centre to over 20 leading OEMs. Its Commercial Aerospace business provides round-the-clock support and delivers more than 80,000 components annually from its component MRO facilities located in Singapore, Hanoi and Ho Chi Minh City in Vietnam, as well as Stockholm, Sweden.