The FINANCIAL -- Iberia Maintenance has signed an agreement with DHL under which the Spanish airline will conduct line maintenance of DHL’s B-757 fleet in Spain, operating from the cities of Madrid, Barcelona, Valencia, Seville, and Vitoria.

The three-year contract extends Iberia’s services beyond the exclusive maintenance of 80 Rolls Royce RB211 engines for the transportation operator, under a 10-year contract signed in May of this year.

DHL Air Ltd, based in the East Midlands, U.K., and European Air Transport, based in Brussels, Belgium, operate 34 aircraft that serve more than 50 cities in DHL Express’s parcel and logistics network.

Iberia Maintenance is a division of Iberia Airlines, whose hub and key installations are located at Madrid-Barajas Airport . At the division’s large, modern and well-equipped facilities, it maintains Iberia’s aircraft, engines, and components, while also serving more than 100 outside clients, including such leading international airlines as British Airways, Continental Airlines, Atlasjet, Meridiana, and Air Finlandia, as well as the Spanish carriers Iberworld, Air Europa, Spanair, and Vueling.

Iberia Maintenance is the world’s ninth-largest aircraft maintenance operator, and in 2008 it posted revenues of 700 million euros.

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