ST Engineering (S65.SI) announced that its aerospace arm, ST Aerospace, has been awarded a Maintenance-By-the-Hour (MBHTM) contract by Jet Airways of India for the support of Jet Airways’ CFM56-7B engines that power Jet Airways’ and JetLite’s fleet of 67 Boeing 737 aircraft.
The contract is worth US$750 million ($1 billion) and will start immediately.
ST Engineering's Aerospace Arm Clinches S$1b Engine MBH™ Contract [via]
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