RTX's Collins Aerospace inks 787 MRO award with Air Europa

Rhea-AI Summary

Collins Aerospace, an RTX business, has signed a 10-year contract with Air Europa for comprehensive maintenance, repair and overhaul (MRO) services for their 787 aircraft fleet. The agreement includes onsite support for multiple 787 systems through Collins' FlightSense® and DispatchSM programs, along with predictive health maintenance via the Ascentia® software platform. Collins will expand its 787 spares pool in Europe, adding to its existing network in Atlanta, Dubai, Singapore, Toulouse, Venlo and Wichita. The services aim to optimize fleet performance while reducing repair time and costs.

Positive

• Secured long-term 10-year MRO contract with Air Europa
• Expansion of European 787 spares pool strengthening global support network
• Implementation of data-driven maintenance solutions through Ascentia platform

Negative

• None.

Insights

Aerospace Industry Analyst

This 10-year MRO contract represents a significant strategic expansion for Collins Aerospace in the European market. The comprehensive service agreement covering multiple 787 systems demonstrates RTX's growing dominance in the commercial aviation aftermarket sector. The integration of Ascentia's predictive maintenance capabilities signals a shift toward data-driven MRO services, which typically yield higher margins than traditional maintenance work.

The expanded 787 spares pool in Europe strengthens Collins' competitive position against other MRO providers and creates a more robust global support network. For investors, this type of long-term contract provides stable, recurring revenue streams and deepens customer relationships. The deal's value proposition lies in its potential to reduce Air Europa's maintenance costs while optimizing Collins' service delivery infrastructure.

Supply Chain Specialist

The strategic placement of spare parts pools across multiple global locations represents an intelligent supply chain optimization strategy. By expanding the European spares pool, Collins is reducing response times and logistics costs while improving part availability for regional customers. This distributed inventory model helps mitigate supply chain risks and positions Collins to capture additional market share in the growing European aviation maintenance sector.

The integration of predictive analytics through Ascentia creates opportunities for inventory optimization and reduced working capital requirements. This technology-driven approach to maintenance planning can significantly improve operational efficiency and service margins.

Agreement marks significant expansion of Collins' 787 MRO services in Europe

BARCELONA, Spain, Oct. 23, 2024 /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, today announced it has signed a 10-year contract with Air Europa to provide comprehensive maintenance, repair and overhaul (MRO) services for the airline's fleet of 787 aircraft. Through its FlightSense® and Dispatch^SM combined asset and MRO programs, Collins will supply Air Europa with onsite support for a number of 787 systems, including electric power, environmental control, avionics, lighting and cargo. In addition, Collins will provide predictive health maintenance through its Ascentia® software platform and expand its pool of 787 spares in Europe.

"We are very satisfied with the agreement reached with Collins as it reinforces the quality of maintenance already carried out on our 787 fleet," said Pedro Macías, Air Europa's Chief Technical Officer. "The Dreamliner is not only our flagship aircraft, but also the benchmark for operations between Europe and America. For us, it is key to rely on a supplier with the prestige and reliability of Collins in a market as demanding as ours."

"Collins' comprehensive service plan encompassing assets, logistical support, original equipment manufacturer-certified repairs and predictive health maintenance will help Air Europa optimize the performance of its 787 fleet, while reducing repair time and costs," said Cory May, vice president, Aftermarket for Collins. "This agreement marks a significant expansion of our 787 spares pool in Europe, enhancing our ability to support European airlines and strengthening our global 787 support network, which includes existing spares pools in Atlanta, Dubai, Singapore, Toulouse, Venlo and Wichita."

Collins' FlightSense and Dispatch programs offer maintenance agreements tailored to airlines' specific operational requirements, helping ensure the availability of parts and high-quality maintenance, repair and overhaul services. Ascentia, a cloud-based solution, uses advanced data analytics and machine-learning algorithms to help airlines improve maintenance operations and increase reliability. Together, FlightSense, Dispatch and Ascentia are part of Collins' larger MRO ecosystem, combining the right mix of parts, systems and expertise to deliver smarter, more effective data-driven services to customers.

About Collins Aerospace
Collins Aerospace, an RTX business, is a leader in integrated and intelligent solutions for the global aerospace and defense industry. Our 80,000 employees are dedicated to delivering future-focused technologies to advance sustainable and connected aviation, passenger safety and comfort, mission success, space exploration and more.

About RTX
With more than 185,000 global employees, RTX pushes the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – we are advancing aviation, engineering integrated defense systems, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2023 sales of $69 billion, is headquartered in Arlington, Virginia.

About Air Europa
Flying since 1986, Air Europa is a Spanish airline and a member of the SkyTeam alliance. The company's fleet of 53 aircraft is one of the most modern and sustainable in the industry, consisting of Boeing 787 Dreamliner and Boeing 737 aircrafts that guarantee maximum efficiency and comfort for its passengers. Air Europa flies to more than 55 destinations around the world and has a strategic position in the Adolfo Suárez Madrid-Barajas airport hub, connecting Europe and America. The company stands out for its firm commitment to sustainability and decarbonisation, as well as for its commitment to innovation through the implementation of the most advanced technologies for the digitalisation and optimisation of its processes. In addition, Air Europa offers a high level of excellence to its passengers and is regularly ranked among the most punctual airlines in Europe.

For questions or to schedule an interview, please contact corporatepr@rtx.com

View original content:https://www.prnewswire.com/news-releases/rtxs-collins-aerospace-inks-787-mro-award-with-air-europa-302282978.html

SOURCE RTX

FAQ

What is the duration of RTX's Collins Aerospace MRO contract with Air Europa?

The contract between Collins Aerospace and Air Europa is for 10 years.

What services will RTX's Collins Aerospace provide to Air Europa's 787 fleet?

Collins Aerospace will provide comprehensive MRO services, including onsite support for electric power, environmental control, avionics, lighting and cargo systems, plus predictive health maintenance through Ascentia software.

Where are RTX's Collins Aerospace 787 spares pools located globally?

Collins Aerospace maintains 787 spares pools in Atlanta, Dubai, Singapore, Toulouse, Venlo, and Wichita, with plans to expand in Europe.