Vietjet signs 150-million-USD deal with Swiss MRO service provider
Vietjet and SR Technics on November 26 inked a Memorandum of Understanding (MoU) worth 150 million USD involving the provision of MRO services on Vietjet’s CFM56-5B engine fleet, installed on their Airbus A320 and A321 aircraft.
Representatives of Vietjet and SR Technics exchanged the signed MoU under the witness of Vietnam President Nguyen Xuan Phuc (sitting, left) and Swiss President Guy Parmelin (sitting, right). (Photo courtesy of Vietjet)
Vietjet and SR Technics, a world leading maintenance, repair and overhaul (MRO) service provider, on November 26 inked a Memorandum of Understanding (MoU) worth 150 million USD involving the provision of MRO services on Vietjet’s CFM56-5B engine fleet, installed on their Airbus A320 and A321 aircraft.
The signing ceremonies in Bern, Switzerland, were witnessed by Vietnamese President Nguyen Xuan Phuc, President of the Swiss Confederation Guy Parmelin, high-ranking officials and business representatives of both countries during the Vietnamese leader’s official visit to Switzerland.
Under the MoU, the work on the engines will be carried out at SR Technics' world-renowned facilities at Zurich Airport in Switzerland and in Vietnam. The MoU also includes providing engine maintenance, technical and training services, component requirements and repair, and setting up a new Aviation training center, as a joint venture between Vietjet and SR Technics.
Representatives of Vietjet and Swiss Aviation Software exchanged the signed strategic cooperation agreement. (Photo courtesy of Vietjet)
Vietjet and Swiss Aviation Software (Swiss-AS), the world’s leading provider of aviation maintenance solutions based in Switzerland, also signed a strategic cooperation agreement to further extend Vietjet’s adoption of Swiss-AS’s maintenance and engineering solution AMOS to support Vietjet’s fleet.
The two parties will extend their cooperation to cover various scopes, strengthening the existing long-term strategic partnership over the next ten years. Swiss-AS and its relevant subsidiaries will provide Vietjet the added platform of AMOS mobile/EXEC for aircraft technical management on mobile devices, thus allowing full automation and digitalisation for Vietjet’s engineers.
In addition, Vietjet will use the system with more capacity and update other AMOS modules to better serve in-house management including automation of planning, aircraft scheduling and budget management, etc. Swiss-AS will also provide the AMOS “train the trainer” program for Vietjet with notable frequency and scale in the coming time.
Speaking at the MoU signing ceremony, SR Technics' CEO Jean-Marc Lenz said: “We are very proud that Vietjet is committing to a long-term partnership with SR Technics. This confirms their confidence in SR Technics’ ability and expertise to provide best-in-class MRO services including engine maintenance and technical and training support in line with the highest benchmarks in the industry in terms of safety and quality. Therefore, entrusting us to deliver top-quality performance on their engines, proves how strong the foundation of our future collaboration is. I look forward to visiting the new Aviation training center which will be built in Ho Chi Minh City in collaboration with our renowned Vietnamese partner.”
Fabiano Faccoli, Chief Operating Officer of Swiss-AS, said: “It has been an honour for Swiss-AS to support Vietjet in its impressive growth over the last decade. Swiss-AS is looking forward to further strengthening the excellent partnership and, through its AMOS product suite and services, be instrumental in digitalizing Vietjet’s Technical Operation. Swiss-AS shares Vietjet’s customer-focused strategy and is keen to support Vietjet to further improve productivity and quality through innovation, technology and creativity.”
Meanwhile, Vietjet Managing Director Dinh Viet Phuong said: “The signed agreements between Vietjet and our strategic partners today pave the way for further development, especially in the process of transferring and adopting aviation technologies and setting up aviation academy to positively contribute to the development of Vietnam’s aviation industry. We cherish the cooperation, which has been nourished by a long-standing relationship between Vietnam and Switzerland and especially on the occasion of the Vietnamese President’s official visit to Switzerland.”
Vietjet has a comprehensive flight network in Vietnam and across Asia Pacific. Weathering through the pandemic, the airline has resumed its domestic flight network and operated a series of international flights from and to Vietnam while looking to further expand operation across continents in the near future. Vietjet operates a new, modern, and fuel-efficient fleet with technical reliability rate among top operators in the region and the world. Vietjet’s growth is associated with the development and integration of Vietnam’s aviation industry and highlighted through global-scale partnerships with technical and aviation technology companies such as Switzerland-based SR Technics and Swiss-AS.
Known as a new-age carrier, Vietjet has not only revolutionised the aviation industry in Vietnam but also been a pioneering airline across the region and around the world. With a focus on cost management ability, effective operations, and performance, the carrier offers flying opportunities with cost-saving and flexible fares as well as diversified services to meet customers’ demands.
Vietjet is a fully-fledged member of International Air Transport Association (IATA) with the IATA Operational Safety Audit (IOSA) certificate. As Vietnam’s largest private carrier, the airline was awarded the highest ranking for safety with 7 stars in 2018 and 2019 by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in 2018 and 2019. The airline has also been named as Best Low-Cost Carrier by renowned organizations such as Skytrax, CAPA, Airline Ratings, and many others./.