Finnair Technical Services and Iberia Maintenance sign component support agreement

Under the component support agreement, Iberia Maintenance will provide spare components and related repair services for Finnair's Airbus A330 and Airbus A340 aircraft. Correspondingly, Iberia will commission Finnair Technical to conduct Airbus A320 aircraft component repairs as well as CFM-56B engine repairs.  The seven-year component support agreement is expected to generate around EUR30 million in turnover. The agreement is also expected to create around 100 man working years for Finnair Technical services during the seven-year period.

Through this partnership, Finnair Technical Services can increase the volume of its core maintenance services and therefore improve its capacity utilisation and profitability. SVP Technical Services Kimmo Soini said, “Furthermore, we will be able to offer the Finnair Group's external customers a wider product range with the assistance of Iberia Maintenance.”

(c) Centre for Asia Pacific Aviation. Date posted: 09-Mar-09

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