ST Engineering secures 15-year MRO contract with Akasa Air
AVIATION & AIRPORTS

ST Engineering secures 15-year MRO contract with Akasa Air

Singapore-based ST Engineering has signed a 15-year exclusive Maintenance, Repair, and Overhaul (MRO) contract with India's Akasa Air to service its CFM LEAP-1B engines, which power the airline's Boeing 737 MAX fleet.

As part of the agreement, ST Engineering will provide the first Performance Restoration Shop Visit (PRSV) service for Akasa’s LEAP-1B engines at its Singapore facility. The partnership covers Akasa Air’s current fleet of 25 Boeing 737 MAX aircraft, along with an additional 201 aircraft expected to be delivered over the next eight years.

Earlier this year, Akasa Air signed a separate deal with engine manufacturer CFM International to purchase over 300 LEAP-1B engines to support its expanding fleet of Boeing 737 MAX jets, bringing the airline’s confirmed order book to 226 aircraft.

Daniel Saldanha, Vice President - Maintenance and Engineering, Akasa Air, expressed confidence in ST Engineering’s expertise, stating that the collaboration will ensure peak operational performance and a reliable travel experience for its passengers.

ST Engineering recently announced the successful establishment of testing capabilities for LEAP-1A and LEAP-1B engines at its Singapore facility and is now expanding to include LEAP Performance Restoration Shop Visit services.

Akasa Air, backed by the Jhunjhunwala family, began operations in August 2022 and has since expanded to international routes, including West Asia.

(ET)

Singapore-based ST Engineering has signed a 15-year exclusive Maintenance, Repair, and Overhaul (MRO) contract with India's Akasa Air to service its CFM LEAP-1B engines, which power the airline's Boeing 737 MAX fleet. As part of the agreement, ST Engineering will provide the first Performance Restoration Shop Visit (PRSV) service for Akasa’s LEAP-1B engines at its Singapore facility. The partnership covers Akasa Air’s current fleet of 25 Boeing 737 MAX aircraft, along with an additional 201 aircraft expected to be delivered over the next eight years. Earlier this year, Akasa Air signed a separate deal with engine manufacturer CFM International to purchase over 300 LEAP-1B engines to support its expanding fleet of Boeing 737 MAX jets, bringing the airline’s confirmed order book to 226 aircraft. Daniel Saldanha, Vice President - Maintenance and Engineering, Akasa Air, expressed confidence in ST Engineering’s expertise, stating that the collaboration will ensure peak operational performance and a reliable travel experience for its passengers. ST Engineering recently announced the successful establishment of testing capabilities for LEAP-1A and LEAP-1B engines at its Singapore facility and is now expanding to include LEAP Performance Restoration Shop Visit services. Akasa Air, backed by the Jhunjhunwala family, began operations in August 2022 and has since expanded to international routes, including West Asia. (ET)

Next Story
Infrastructure Urban

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Next Story
Infrastructure Transport

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Next Story
Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->