Bombardier renews facility agreement with STAECO

Bombardier Commercial Aircraft (TSE: BBD) has renewed its authorized service facility (ASF) agreement with Taikoo (Shandong) Aircraft Engineering Company Limited (STAECO) of Jinan, China for an additional three-year term, the company said.

In addition to providing maintenance services for CRJ Series aircraft as done under the original agreement, STAECO will provide maintenance services for Q400 turboprops. Under the agreement, STAECO is designated as an authorized service provider for base and other maintenance on all Bombardier CRJ Series and Q400 aircraft, including aircraft modifications, avionics and cockpit upgrades.

Bombardier is a Montreal-based manufacturer of both planes and trains with revenues of USD18.2 billion in 2015.