Our Regional Aircraft business has won another contract for its rate-per-flying-hour aircraft spares support service to bring the total value of business from this service to £35 million over the past twelve months from seven airlines.
The latest contract is with Eastern Airways of the UK and covers a three-year support deal for the airline’s fleet of 16 Prestwick-built Jetstream 41 turboprop airliners. Eastern Airways operates over 800 flights on a week on a comprehensive network of scheduled domestic and international services and private charter services. We have provided support for Eastern Airways’ Jetstream 41 operation for the past 11 years.
The Eastern Airways contract comes only three weeks after we won a similar three-year extension to our support contract from Braathens Technical AB of Sweden. The Braathens deal covers support for its subsidiary airline Malmö Aviation’s fleet of 12 Avro RJ regional jetliners. We have been providing this type of service to Braathens Technical/Malmö Aviation for 14 years.
We are one of the industry pioneers of rate-per-flying-hour support, having first offered this service some 20 years ago in support of our BAE Systems-built fleet of regional airliners – the turboprop fleet of 18/19-seat Jetstream 31/32, the 29-seat Jetstream 41 and the 64-seat or freighter variant ATP and the BAe 146/Avro RJ regional jetliners.
Under these types of contracts we provide a totally customised rotable spares support service which, for an agreed monthly payment based upon the number of flight hours carried out by an airline, results in us taking care of the airline’s spares inventory, logistics and repairs. The priority is to keep the airline’s business running smoothly by providing a first-class support service, allowing the airline to concentrate on its flight operations.
Our Prestwick-based team has amassed considerable experience in this role which involves taking responsibility for hundreds of spare parts in each airline, ensuring they are always compliant with regulations, managing on-site spares inventory, making sure that repairs/overhauls are carried out in good time, having a strong worldwide logistics operation and a robust management oversight of the manufacturing supply chain.
In the past twelve months, in addition to the new Eastern and Braathens contracts, we have also won rate-per-flying-hour business from Swiss International Airlines, covering its fleet of 20 Avro RJs, and leading European regional cargo carrier West Atlantic to support 44 ATP turboprop freighters.
We have also secured similar contracts from Titan Airways of the UK, TNT Airways S.A. based in Liege Belgium, and Cobham Aviation Services in Australia, supporting total fleet numbers of over 20 BAe 146/Avro RJ jetliners.
Sean McGovern, Business Director Support - BAE Systems Regional Aircraft at Prestwick said today: “We are recognised in the commercial aviation industry as being one of the foremost and experienced suppliers of these types of very specialist and demanding support services. Many of our customers come back for repeat business and we have supported many of them for a considerable number of years.
“We are delighted to win this new contract from Eastern Airways which has brought to £35 million the amount of business won over the past year from our customers for these services. We are also working hard to bring in further new business over the next few months.”