LE BOURGET - AirAsia today signed an OnPointSM Solution engine service agreement with GE Transportation - Aircraft Engines for the maintenance, overhaul and repair of 120 CFM56-5B6 engines that will power the airline's new fleet of Airbus A320-200 aircraft. The 20-year agreement is worth approximately $1.5 billion.
In 2002, AirAsia signed a five-year material agreement with GE to support the airline's CFM56-3 engines powering its fleet of Boeing 737-300 aircraft. The CFM56-5B engines, which will enter the airline's fleet between 2006 and 2010, will be maintained and overhauled at GE's overhaul facility in Subang, Malaysia. GE Malaysia is a joint venture with Malaysia Airlines (MAS) and is Asia's largest CFM56 engine overhaul service provider. The facility specializes in the overhaul and repair of CFM56, and PW4000 engines for MAS and other Asia-Pacific airlines at its facility at SAAS Airport, Subang, Malaysia.
OnPointSM Solutions are flexible long-term commitments designed to meet customers' unique engine service needs. Backed by GE's world-class support, these solutions maximize asset value and utilization and improve operating efficiencies. OnPoint services include overhaul, on-wing support, new and used parts, component repair, technology upgrades, engine leasing and diagnostics.
GE Transportation - Aircraft Engines, a division of the General Electric Company (NYSE: GE), is one of the world's leading manufacturers of jet engines for civil and military aircraft. GE also is a global provider of maintenance and support services for operators of GE and non-GE jet engines.
SMOnPoint is a service mark of General Electric Company.
* CFM56 engines are produced by CFM International, a 50/50 joint company between GE and Snecma.