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ircraft maintenance company GMF AeroAsia inked a deal on Tuesday with Switzerland-based aircraft services provider SR Technics to develop its aircraft component business and improve services.

Under the deal, the subsidiary of national flag carrier Garuda Indonesia, which offers maintenance, repair and overhaul (MRO) services, will get support from the Swiss company in providing B737NG aircraft components to GMF AeroAsia'€™s customers. The agreement is worth US$45 million.

'€œThe contract duration will be five years. It'€™ll amount to $9 million yearly. We will provide pooling of components for Boeing 737,'€ GMF AeroAsia president director Richard Budihadianto said on Tuesday after forging the agreement at the Singapore Airshow.

In addition, GMF AeroAsia signed a $2.5 million deal with Malaysian airline Eagle Express to extend a contract on aircraft maintenance that was scheduled to expire this year.

The two companies have been partners since 2012, with the current contract covering Eagle'€™s Airbus A330 and Boeing 747 aircraft.

Richard said the company was looking to sign contracts worth $100 million in total during the event, including a $3.5 contract with Dutch airline KLM and a $48 million contract with Indonesian airline Sriwijaya Air to be signed Wednesday.

Meanwhile, at the same event, Lion Air Group on Tuesday inked a deal worth $65 million with Canadian simulator manufacturer CAE for the purchase of five new full flight simulators: Three Boeing 737 MAX simulators, one Airbus A320NEO simulator and one ATR 72-600 simulator. The simulators are priced at an average of $10 million each.

'€œIt'€™s partly a move to anticipate the upcoming release of 737 MAX, which has already developed its cockpit prototype. We also still have 40 ATR on the way to be delivered,'€ Lion Air Group general director Edward Sirait said on the sidelines of the event on Tuesday.

The order will give Lion Air a total of 17 simulators, with the new ones slated to be delivered by February next year to the airline'€™s training centers in Jakarta, Bangkok and Kuala Lumpur.

The deal includes pilot training provided by CAE to Lion Air Group.

Commenting on the deal, CAE vice president of global commercial training solutions and business development Dean Fisher said with the number of simulators the Lion Air currently had it had become the biggest Asian customer for the company.

'€œI do think there will be more deals in the future with the airline'€™s airplanes backlog, with a huge order of A320 and 737MAX, there could be more coming,'€ he said.

Lion Air currently has a fleet of 160 Boeing, 20 Airbus and 50 ATR aircraft, according to Edward.

Edward added the airline expected to ink a deal with German MRO provider Lufthansa Technik AG on Wednesday to build a facility for machine maintenance in its bid to develop its existing facility in Batam. The deal would be of a long-term nature.

Meanwhile, French-Italian turboprop manufacturer ATR, which also called Lion Air its largest customer thanks to the latest order of 100 aircraft, signed a deal with Singaporean commercial aircraft lessor Avation plc to sell five new ATR 72-600 aircraft, valued at $130 million.

That will increase the number of ATR 72s ordered by Avation plc to 35 since its first purchase in 2011.

Indonesian aviation consultant CSE Aviation also signed a deal with Alfa Corp. as a consultant for its helipad development in a project valued at $100,000.