SINGAPORE, February 26, 2022 /PRNewswire/ — At February 25, 2022, ST Engineering and Vietjeyou ssigned a comprehensive Component Maintenance By the Hour (MBH™) contract to support the airline’s entire fleet. The signing ceremony took place during the official visit of the Vietnamese President Nguyen Xuan Phuc for Singapore.
Under the contract, ST Engineering will provide Vietjet with a comprehensive suite of component support solutions covering component pooling, repair, overhaul, modification, master base kits, condition monitoring of components and logistics services for the airline’s entire fleet.
Vietjet Vice President Ho Ngoc Yen Phuongsaid, “We appreciate that ST Engineering can provide on-site MRO services and leverage its global component support network to support our 24/7 international flight operations. We are confident that “They will be a reliable partner to support flexibility in our technical operations and maintenance as we focus on expanding our flight network internationally.”
“The component MRO facilities, along with the lifecycle support capabilities of our global network, will be able to provide excellent support to Vietjet’s fleet. When combined with our comprehensive component solutions, we are confident to help Vietjet achieve significant cost savings and enjoy operating reliability at the same time,” Jeffrey Lampresident of commercial aerospace at ST Engineering, said.
Recognized worldwide for its MBH™ component programs, ST Engineering supports over 900 aircraft and provides integrated component solutions for over 23,500 unique aircraft parts. ST Engineering is also the authorized service center for more than 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 Vietnamas well as Stockholm, Sweden.
About ST Engineering:
ST Engineering is a global technology, defense and engineering group with a diverse portfolio of businesses in the aerospace, smart city, defense and public safety segments. The Group harnesses technology and innovation to solve real-world problems, enabling a safer and more sustainable world. Based at Singaporeit has operations covering Asia, Europethe Middle East and the United States, serving customers in more than 100 countries. ST Engineering achieved a turnover of $7.2 billion in the 2020 financial year and ranks among the largest listed companies on the Singapore Stock Exchange. It is a constituent of stocks in the FTSE Straits Times, MSCI Singapore, iEdge SG ESG Transparency Index and iEdge SG ESG Leaders Index., MSCI Singapore, iEdge SG ESG Transparency Index and iEdge SG ESG Leaders Index.
New-age carrier Vietjet has revolutionized the aviation industry. With emphasis on cost management capability, operation efficiency and performance, Vietjet provides flight opportunities with economical and flexible fares as well as diversified services to meet customer demands.
Vietjet is a full member of the International Air Transport Association (IATA) with the IATA Operational Safety Audit (IOSA) certificate. As from vietnam largest private carrier, the airline has been awarded the highest rating for safety with 7 stars by the world’s only safety and product rating website airlineratings.com and listed as one of the top 50 airlines airlines in the world for healthy financing and operations by Airfinance Journal in 2018 and 2019. The airline has also been named the best low-cost carrier by renowned organizations such as Skytrax, CAPA, Airline Ratings and many others.