The agreement allows Spirit Aftermarket Solutions to provide regional engineering support to VAECO in Vietnam.
Spirit AeroSystems, Inc. has announced a significant Maintenance, Repair, and Overhaul (MRO) service agreement with Vietnam Airlines Engineering Limited Company (VAECO), a subsidiary of Vietnam Airlines. This collaboration was unveiled at the MRO Asia-Pacific Exhibition in Singapore and marks an important development in the aviation industry. Spirit AeroSystems, through its subsidiaries, has entered into a strategic partnership with VAECO, a leading aircraft maintenance service provider in Vietnam. The agreement allows Spirit Aftermarket Solutions to provide regional engineering support to VAECO. This collaboration is particularly valuable in addressing challenges related to supply chain disruptions in Airframe MRO (Maintenance, Repair, and Overhaul).
VAECO, established in 2009, is the largest and most experienced aircraft maintenance service provider in Vietnam. With approximately 2,500 employees, VAECO is headquartered in Hanoi and operates branches in Da Nang and Ho Chi Minh City. It serves all airports in Vietnam and operates six modern hangars equipped with advanced systems for efficient maintenance activities. VAECO aims to become a leading MRO provider in the Asia-Pacific (APAC) region. Its expanded capabilities and operational excellence position it to cater to demanding customers worldwide. The agreement with Spirit AeroSystems aligns with VAECO’s long-term growth ambitions.
Spirit AeroSystems Aftermarket Solutions has experienced significant growth, exceeding 20% in recent years. With the addition of VAECO, Spirit Aftermarket will expand its footprint. The company will now have a presence in 11 locations worldwide, including wholly-owned, joint-venture, or authorized repair centers in the United States, Northern Ireland, Morocco, Jordan, India, China, Malaysia, Vietnam, and Taiwan. Additionally, Spirit has a strategic agreement with ST Engineering to serve select countries in the Middle East region.
Kailash Krishnaswamy, senior vice president of Spirit Aftermarket Services, said that this strategic collaboration allows Spirit Aftermarket Solutions to provide regional engineering support to VAECO.
“We expect the supply of materials to continue to disrupt Airframe MRO. Under this strategic collaboration, Spirit will bring its world-class engineering support to alleviate at least some of this pain,” said Kailash Krishnaswamy, senior vice president, Spirit Aftermarket Services.
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This collaboration underscores Spirit AeroSystems’ commitment to providing high-quality aviation services and solutions across the globe. By partnering with VAECO, the company is well-positioned to support the rapidly growing aviation industry in the Asia-Pacific region, contributing to the maintenance and enhancement of aircraft fleets, thus ensuring safe and efficient air travel for passengers.
