Jet Airways and its subsidiary, JetLite, have signed a 10-year contract with
the Singapore based ST Aerospace for maintenance support to CFM56-7B engines.
The maintenance-by-the-hour contract is worth $750 million (approx Rs 3,375
crore) and will commence immediately. The agreement includes the commissioning
of an 'engine hospital shop' at Jet Airways' hangar facility in Mumbai. Its
commissioning is likely to help the airline to maintain and service the engines
of its Boeing 737 fleet.