EasyJet, SR Technics in Malta maintenance deal - Yahoo! Finance

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Tuesday November 17, 08:32 AM
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EasyJet, SR Technics in Malta maintenance deal

DUBAI (Reuters) - Low-cost airline easyJet will perform maintenance on its fleet of Airbus jets in Malta under a new 11-year maintenance deal with SR Technics announced at the Dubai Air Show on Tuesday.

The deal, which will help easyJet reduce its maintenance costs, has a revenue potential of $1.6 billion (949.8 million pounds), the companies told a news conference.

EasyJet has a fleet of 157 Airbus aircraft, which it expects to increase to 207 by 2012.

SR Technics, owned by Abu Dhabi investment firm Mubadala, plans to build a new maintenance plant in Malta and will start handling easyJet A319 planes there from the third quarter of 2010.

(Reporting by Tamara Walid; Editing by Amran Abocar)

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