ST Aerospace has signed two new maintenance by the hour contracts covering over 100 Airbus A320 aircraft.
The company says that the new contracts are with two unnamed Asia Pacific-based clients, taking it to over 20 clients in the region.
Under the MBH model, operators pay a set amount per flight hour for a range of support services, including component repair, parts pool access and stock consignment. ST Aero says that the arrangement reduces holding costs for airlines and increases operational efficiency.
Globally, ST Aero has close to 900 aircraft under MBH contracts, of which more than 600 are narrowbody types.