SR Technics lose Gulf Air contract

Gulf Air announced today that the airline would be terminating it's MRO contract with SR Technics in June of this year. The contract covers airframe and component overhaul with some of the airframe work being carried out at the SR Technics facility in Dublin. Gulf Air are a significant customer for SR Technics who employee 1,200 people between Dublin Airport and Mahon in Cork where the company has an airfoil repair facility. Worldwide SRT employee 5,300 and are headquartered in Zurich. MRO facilities are additionally located at Stansted, Zurich and Bahrain. The company is owned by a consortium from the United Arab Emirates with the Board and management of the company holding a minority shareholding. It is not known at this time of the loss of the contract will impact on headcount in Ireland.