Aug 01, 2017: Saab, a Swedish aerospace and defence company has signed a four-year parts exchange programme (PEP) agreement with Silver Airways, a United States airline with its headquarters in Fort Lauderdale-Hollywood International Airport superseding a similar agreement between the two companies.
The agreement covers repairs and exchanges for rotables in Silver Airway’s Saab 340 fleet. Silver Airways is the largest U.S. operator of the Saab 340 aircraft, and currently operates 21 of the type.
“Saab looks forward to continuing our relationship with Silver Airways,” said George Caracost, VP, general manager, and head of Support and Services for Saab Defense and Security USA. “When we work with Saab aircraft operators, we bring to bear the full scope of services that only the original equipment manufacturer can provide.”
The contract is a flight-hour contract, meaning that the customer pays a monthly fee rather than part-by-part transactions. This offers the customer with more precise cost forecasting and reduces the need to buy stocks of components.
“Saab has been providing outstanding spares and technical services to Silver since 2012,” said Silver Airways President and CEO Sami Teittinen. “This agreement represents our deep satisfaction with Saab’s expertise, commitment and value. We are pleased to renew our contractual relationship and address tomorrows challenges with our OEM and partner, Saab.”