Quickstep wins Jetstar maintenance contract expected to net up to $35 million

Quickstep has been awarded a three-year Asia-Pacific maintenance contract with Jetstar Airways, worth an expected $30 – $35 million and with services expected to begin in April.

ASX-listed Quickstep and Triumph Aviation Services Asia led the tender response for the MRO contract, covering Jetstar’s Airbus A320 fleet’s V2500 engine nacelles.

Quickstep and TASA announced a partnership in May last year. The latter is a subsidiary of NYSE-listed Triumph Group.

Quickstep CEO Mark Burgess said he anticipated a strong rebound in the aviation sector this year, following the impact of the Covid-19 pandemic.

“Our Tullamarine facility is well placed to offer highly competitive aftermarket solutions both domestically and across the Asia-Pacific region,” said Burgess in a statement.

Quickstep announced that it would acquire the MRO site from Boeing Australia in November 2020, and completed the purchase a few months after that. The site is now run by the company’s Quickstep Aerospace Services division.

Quickstep said it expected to incur capital expenditure worth about $1.3 million to support the contract, which covers schedule and unscheduled maintenance of nacelles, including engine inlet cowl, fan cowls, thrust reversers and exhaust nozzle.

According to the company, this type of work “has not previously been undertaken in Australia by an independent maintenance, repair and overhaul provider.”

Picture: Quickstep

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