Jet Airways today awarded a $750-million (Rs 3,371 crore) contract to a leading Singaporean firm for maintenance support to engines of its 67-strong Boeing-737 fleet over the next 10 years.
Jet and its all-economy subsidiary JetLite awarded the maintenance-by-the-hour contract to ST Aerospace for the CFM56-7B engines which power the next generation aircraft, statements issued by the premier private carrier and the Singaporean firm said here.
The pact, signed in Singapore by Jet Executive Director Saroj Dutta and ST Aerospace President Tay Kok Khiang, also encompasses the commissioning of an "Engine Hospital Shop" at Jet Airways' Hangar facility at Mumbai.
Under the contract, which commences with immediate effect, the ST Aerospace Engines would provide comprehensive engine maintenance and engineering support over 10 years.
