Philippine Airlines has entered into an agreement with SR Technics and AerFin to receive engine support on the CFM56-5C4 engines powering its mature fleet of A340-300 aircraft.
Under SR Technics and AerFin’s jointly managed Beyond.Fleet.Services offering, tailored for end-of-life aircraft, PAL will look to reduce operating costs for engines, airframe and component maintenance.
Switzerland-based SR Technics will cover the maintenance and repair of the CFM engines, along with component-related services for the carrier while AerFin will ensure finance and leasing schemes are available as well as a steady supply of components.
PAL president and chief operating officer Jaime Bautista said the two companies’ “flexible and comprehensive end-of-life managed service offering” was the right fit for the airline.
“After a thorough commercial and technical evaluation of our CFM56-5C4 engine maintenance cost reduction requirements, we decided that Beyond.Fleet.Services programme offered by SR Technics and AerFin will best meet the requirements of our operations,” he said.
Manila-headquartered PAL currently operates six A340s, but is looking to phase them out of its fleet after signing purchase agreement with Airbus for the firm order of six A350-900s, plus six options in April 2016.