ST Engineering Secures Extension Contract from Jeju Air

ST Engineering announced that its Commercial Aerospace business has secured the extension of component Maintenance-By-the-Hour (MBHTM) contracts from Jeju Air to support the airline’s Boeing 737NG and Boeing 737Max aircraft. Under the extension contracts, which will take effect on 1 January 2025, ST Engineering will continue to provide integrated component support to Jeju Air’s Boeing fleet till 2030 after the existing contracts expire.

Jeffrey Lam, Commercial Aerospace President at ST Engineering, said, “We thank Jeju Air for their confidence in our trademarked MBHTM program. The contract extension validates the value we help create for Jeju Air since we started working together in 2015. As the aviation industry looks forward to leaving the worst of the pandemic behind, we stand ready to support longstanding customers such as Jeju Air with unwavering attention to performance and quality as they plan for their next leg of growth and recovery.”

Louis Kim, Head of Purchasing at Jeju Air, said, “We are grateful to ST Engineering for providing stable MBHTM service for Jeju Air even in the difficult pandemic situation. The long-term MBHTM contract proves that Jeju Air and ST Engineering are strategic partners. We expect that the partnership between the two companies, which is strengthened in the current difficult situation, will shine even more after the pandemic situation is over.”