Iberia Maintenance and Avianca have signed an agreement whereby for the next 61 months Iberia will maintain LRU (line replacement unit) parts of the CFM56-5B engines powering the Colombian airline's Airbus A318s and A319s. LRUs are easily-replaced modular units.
Iberia Maintenance carries out all maintenance of aircraft, engines and airplane parts for the airline’s own aircraft and has about a hundred outside customers around the word. It is the world's ninth-largest aircraft maintenance company and Spain's largest by revenues and staff, as well as in repairs, technology, and aircraft modification. In 2011 it inspected and repaired a total of some 200 engines and 66,000 parts.
Avianca was the first airline founded in Latin America and the second in the world, as "Aerovías del Continente Americano S.A.," following the merger of SCADTA and SACO in Colombia in 1940.
About Iberia: Iberia is Spain's largest air transportation group and Europe's fourth-largest. Iberia is market leader on routes between Europe and Latin America, with the largest offer of destinations and frequencies. Together with its franchise partner Iberia Regional/Air Nostrum, it operates about 1,000 flights with a fleet of 160 aircraft to 107 destinations in 45 countries. The Iberia Group carried more than 24 million passengers last year. Iberia is a member of the oneworld alliance that offers more than 8,400 daily flights to about 680 destinations in 134 countries. For more information, please visit http://grupo.iberia.es