BAE SYSTEMS2003-02-11 13:14:31
BAE SYSTEMS REGIONAL AIRCRAFT ANNOUNCES £19 MILLION JETSPARES SUPPORT DEAL FOR BRITISH AIRWAYS CITIEXPRESS
Regional Aircraft has won a five-year JetSpares contract with British Airways CitiExpress. The airline, which is Europe's largest regional carrier and a wholly owned subsidiary of British Airways, operates domestic and European services from 26 airports in the UK and Ireland.
The deal, which provides spare parts support for 16 Avro RJ regional jets and will extend the current BAe 146 contract for up to five aircraft, is expected to generate revenues in the region of £19 million over the five-year period.
Alan Fraser, Managing Director of BAE SYSTEMS Regional Aircraft commented: "These successes are particularly pleasing as it confirms that we have achieved the high standards we set ourselves. In covering their parts support, this contract provides for the continuation of a very positive working relationship with this customer. With the current restructuring of Regional Aircraft into a service business, we intend to continue developing and improving our services so that we can offer airlines even greater added value in the future."
In response, Simon Witts, general manager engineering for British Airways CitiExpress added, "In signing this support contract with Regional Aircraft, British Airways CitiExpress will benefit from the security of forward financial planning afforded by the JetSpares program. It will also assist us in ensuring that we achieve the optimum stock holding levels at our operating bases, which is a critical factor in remaining competitive in the regional sector�
This deal brings the combined JetSpares support contracts signed during 2002 with three British operators of 146/RJ aircraft to £39 million (US$60 million).
JetSpares is an individually customised support programme, designed to allow an airline to concentrate on its operation while BAE SYSTEMS takes care of spares inventory, logistics and repairs. There are over one hundred BAe 146/Avro RJ aircraft in the JetSpares programme, with the priority of keeping the airline's business running smoothly by providing a first-class spares support service and fixed monthly costs. The sum of these deals alone covers a fleet of thirty-eight aircraft representing almost ten percent of the world 146/RJ fleet.
Regional Aircraft has won a five-year JetSpares contract with British Airways CitiExpress. The airline, which is Europe's largest regional carrier and a wholly owned subsidiary of British Airways, operates domestic and European services from 26 airports in the UK and Ireland.
The deal, which provides spare parts support for 16 Avro RJ regional jets and will extend the current BAe 146 contract for up to five aircraft, is expected to generate revenues in the region of £19 million over the five-year period.
Alan Fraser, Managing Director of BAE SYSTEMS Regional Aircraft commented: "These successes are particularly pleasing as it confirms that we have achieved the high standards we set ourselves. In covering their parts support, this contract provides for the continuation of a very positive working relationship with this customer. With the current restructuring of Regional Aircraft into a service business, we intend to continue developing and improving our services so that we can offer airlines even greater added value in the future."
In response, Simon Witts, general manager engineering for British Airways CitiExpress added, "In signing this support contract with Regional Aircraft, British Airways CitiExpress will benefit from the security of forward financial planning afforded by the JetSpares program. It will also assist us in ensuring that we achieve the optimum stock holding levels at our operating bases, which is a critical factor in remaining competitive in the regional sector�
This deal brings the combined JetSpares support contracts signed during 2002 with three British operators of 146/RJ aircraft to £39 million (US$60 million).
JetSpares is an individually customised support programme, designed to allow an airline to concentrate on its operation while BAE SYSTEMS takes care of spares inventory, logistics and repairs. There are over one hundred BAe 146/Avro RJ aircraft in the JetSpares programme, with the priority of keeping the airline's business running smoothly by providing a first-class spares support service and fixed monthly costs. The sum of these deals alone covers a fleet of thirty-eight aircraft representing almost ten percent of the world 146/RJ fleet.
For more information contact:
Warwick House
Po Box 87
Farnborough Aerospace Centre
Farnborough
Hampshire
GU14 6YU
United Kingdom
Tel: + 44 1252 373232
Fax: + 44 1252 383000
