MBDA navigates supply chain pressures amidst increased demand for armaments
MBDA is adapting to supply chain pressures as the Russian invasion of Ukraine leads to increased demand for armaments.
ST Aerospace component support for Jeju Air 737s
ST Aerospace has signed a component Maintenance-By-the-Hour (MBH) support agreement with Korean low-fare carrier Jeju Air.
The agreement, worth $45 million, will begin in August this year and see ST Aerospace provide component maintenance works on an MBH basis, asset lease and access to its worldwide inventory pool to support Jeju Air’s fleet of Boeing 737NGs over 10 years.
"As Jeju Air prepares to embark on our growth through acquisition of additional aircraft and reaching more international destinations, we need a reliable partner to ensure the efficient support of our fleet. We chose ST Aerospace because of its MRO network and emphasis on safety and quality," commented KO Young-Sup, president of Jeju Air.
Jeju Air, established in January 2005, is owned by the Jeju Provincial Government and Aekyung Group, one of South Korea’s largest family-owned conglomerates that operate across various industries including retail, pharmaceutical and petrochemical. The carrier currently operates four Bombardier Q400s and three Boeing 737-800s. It expects to grow its fleet of Boeing 737 next generation aircraft over time. Apart from domestic flights within South Korea, Jeju Air is the country’s first low-fare airline to be given rights to fly internationally, initially to Kitayushu and Osaka in Japan.
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