FARNBOROUGH, U.K. -- Austrian Airlines and GE expanded a TrueChoiceTM Flight Hour agreement to provide maintenance, repair and overhaul services to 10 GE90-90B engines that power its Boeing 777-200ER aircraft. The agreement is valued at $70 million over the life of the contract.
"The TrueChoice Flight Hour agreement with Austrian Airlines will help the airline ensure their assets receive high-quality OEM material and workscopes to maintain optimal performance over the engine's life cycle while keeping their cost of ownership low," said Kevin McAllister, president and chief executive officer of GE Aviation's Services business.
The TrueChoice suite of engine maintenance offerings for commercial aviation industry emphasizes the breadth and depth of capabilities and customization across the entire engine lifecycle. The TrueChoice suite includes:
- TrueChoice Flight Hour provides customized offerings that help optimize cost of ownership over the entire engine lifecycle with flexible risk transfer and payment options.
- TrueChoice Overhaul provides time and material overhauls with tailored workscopes specific to shop visit objectives, economic priorities and ownership horizon - whether for one engine or an entire fleet.
- TrueChoice Material provides high-quality new and used OEM parts, advanced repairs and technology upgrades for airlines and MROs that enhance engine performance over the lifecycle and support higher engine residual value.
- TrueChoice Transitions provides a broad range of options for changing ownership horizons, including green time leases, exchanges and material buy-back, plus custom workscopes with shorter builds and maximum used material. For lessors, GE offers products specifically designed to accommodate a change in owner or operator.
Each of the TrueChoice offerings is underpinned by GE Aviation's emerging capability and experience with using data and analytics to offer new insights to reduce maintenance burden and service disruptions for our customers.
Austria's largest carrier, Austrian Airlines operates a global route network of approximately 130 destinations, being particularly dense in Central and Eastern Europe with 37 destinations. Thanks to its favorable geographical location at the heart of Europe, the company's hub at Vienna International Airport is the ideal gateway between East and West. Austrian Airlines is part of the Lufthansa Group, Europe's largest airline group, and a member of the Star Alliance, the first global alliance of international airlines. For additional information visit www.austrian.com.
GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, components, integrated digital, avionics, electrical power and mechanical systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings and is part of the world's Digital Industrial Company with software-defined machines and solutions that are connected, responsive and predictive.
TMTrueChoice is a trademark of General Electric Company.