(1888PressRelease)
August 18, 2008 - This contract, effective immediately, is worth €8.7m (about S$18.7m), and covers LOT Polish Airlines’ fleet of seven Boeing 767 aircraft over three years under the ST Aerospace Solutions material supply programme. ST Aerospace is the aerospace arm of Singapore Technologies Engineering Ltd (ST Engineering).
This contract is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.
“LOT Polish Airlines is pleased to continue the good working relationship with STA Solutions, whose consistently high standards of quality have earned our trust and confidence in our long standing partnership. We look forward to extending our areas of cooperation together.” ~ Wieslaw WYPYCH, Member of Management Board, Operating & Technical Issues, LOT Polish Airlines
“This contract attests to our belief in maintaining strong relationships with our long time customers. As STA Solutions has evolved into an independent third party service provider, we are pleased that LOT Polish Airlines has continued to put their trust in us. We will continue to strive towards providing LOT Polish Airlines and all our customers a better experience to ensure that they remain satisfied customers for the long haul.” ~ TAY Kok Khiang, President, ST Aerospace
LOT Polish Airlines contracted STA Solutions and SAS Technical Services (STS) together in 1989 for similar component services. Now as an independent provider, operated and managed as part of ST Aerospace’s network of AIRCRAFT MAINTENANCE, REPAIR AND OVERHAUL (MRO) facilities separately from STS, STA Solutions has been once again selected by LOT Polish Airlines as a provider of component services.
One of the oldest airlines in the world, LOT Polish Airlines has its beginnings in 1920s with airline connections from Warsaw. Today, LOT Polish Airlines serves various destinations in Europe, North America and the Middle East with a fleet of 54 aircraft which include Boeing 767 and 737, Embraer 175, 170 and ERJ 145, as well as ATR aircraft.
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