SR Technics’ is looking to grow its capacity in Malta by investing up to €30 million (32.7 million) to build a new six-bay facility close to its current maintenance operation.
The Swiss MRO signed a non-binding memorandum of understanding (MOU) with the Maltese government on May 3 exploring the possibility of acquiring land close to its current narrowbody maintenance base at Malta International Airport.
Should the MOU and explorative action with government bodies Malta Enterprise and Malta Industrial Parks Limited prove successful, SR Technics said the parties will aim to sign binding contracts later this year.
The Mediterranean island is a hub of MRO activity for SR Technics, which has held a presence in Malta since 2010 offering base and heavy maintenance services as well as cabin modification work for Airbus A320 family and Boeing 737NG aircraft. It has also since established a partnership with Aviation Cosmetics Malta for lease-end transitioning services on A320 family jets.
Much like fellow large European player Lufthansa Technik Malta, which operates base and line maintenance facilities there, UK low-cost carrier easyJet is a major customer. Last month, SR Technics completed a check on its 200th aircraft for the airline in the country.
“Malta offers an ideal location with a suitable business environment and a highly skilled workforce to deliver our operations,” SR Technics CEO Jeremy Remacha said.
The move would lead to substantial job creation according to Malta’s economic Services Minister Chris Cardona, who was quoted by local media as stating up to 400 new roles would be created should the expansion progress. If achieved, this would take SR Technics’ total staff base in Malta up to 560 people.