Thursday 28 Mar 2024
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SEPANG (Dec 8): AirAsia Bhd today inked a maintenance, repair and overhaul (MRO) deal worth US$105 million with Air France's unit to service its growing fleet of Airbus A320neo jets.

The 10-year agreement with Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) is the first maintenance contract signed for the new A320neo jets.

It also boosts the working relationship between AirAsia and AFI KLM E&M, which is already servicing the A330s fleet operated by AirAsia X, the group's listed long-haul subsidiary.

AirAsia's group chief executive Tan Sri Tony Fernandes said the support contract is "one of the biggest deals" the group has inked with an MRO service provider.

"Seeing what it is worth, we believe this is one of the biggest contracts we have inked with our partners," he told reporters on the sidelines of the signing ceremony at the group's RedQ headquarters.

Including Air France, AirAsia has ties with eight MRO companies to date.

AirAsia took delivery of its first A320neo plane on Sept 7, with Asia's biggest low-cost carrier expecting 304 more by 2028.

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