Zurich-based SR Technics has signed a two-year extension of its engine services contract with the holding company of Air India, National Aviation Co. of India Ltc (NACIL) for maintenance services on CFM56-5B and CFM56-7B engines. Unlike many in the business that have suffered an average 20% downturn worldwide, SR Technics is seeing healthy business traffic. The two-year contract, valued at $55 million, covers 61 aircraft in Air India’s Airbus A320-family and Boeing 737-800 fleet. The ...

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