LE BOURGET -- Copa Airlines signed a five-year extension on its OnPointSM solution agreement covering more than 64 CFM56-7B* engines that power the Boeing 737-700 and -800 Next- Gen aircraft. The agreement is valued at more than $250 million (USD) over the life of the extension.
With this agreement, Copa Airlines has its entire engine fleet of CFM56-7B and CF34-10E engines covered under GE’s OnPoint solution agreements.
“Copa and GE Aviation have forged a strong relationship, and this extension will ensure the continuation of our shared commitment to aviation quality and excellence,” said Ahmad R Zamany, Vice President of Technical Operations at Copa Airlines.
“As a leading carrier in Latin America, Copa has demonstrated its dedication to high quality customer service,” said Kevin McAllister, president and CEO of GE Aviation’s Services organization. “GE’ is proud to help Copa deliver to its customers by ensuring their engines receive the optimal maintenance, repair and overhaul that only the OEM engine supplier can provide.”
OnPoint solutions are customized service agreements tailored to the operational and financial needs of each customer for any size fleet. These agreements are designed to help lower the customers' cost of ownership and maximize the use of their assets. Backed by GE's global support network, OnPoint services may include overhaul, on wing support, new and used-serviceable parts, component repair, technology upgrades, engine leasing, integrated systems support and diagnostics and integrated systems.
About Copa Airlines
Copa Airlines and Copa Airlines Colombia, subsidiaries of Copa Holdings, are leading Latin American providers of passengers and cargo services. The airlines offer service to 74 destinations in 30 countries in North, Central and South America and the Caribbean. During Copa Airlines’ more than 65 years of uninterrupted operations, it has transformed the Hub of the Americas in Panama into the leading hub on the continent. Copa operates one of the youngest and most modern fleets in the industry, consisting of 98 aircraft, 72 Boeing 737 Next-Generation and 26 Embraer-190, and has an on-time performance of 90.66 percent, one of the best in the industry. In 2014 Copa Airlines was named “Leading Airline in Mexico and Central America'” by World Travel Awards and “most on-time airline in Latin America” by FlightStats. Copa is a member of Star Alliance, the leading global airline network, which currently offers more than 18,000 daily flights to 1,269 destinations in 193 countries and 1,000 VIP lounges. To make reservations, select seats, create a trip log, check in for flights, print boarding passes or purchase tickets through secure online transactions in 11 different currencies, visit www.copa.com
About GE Aviation
GE Aviation is an operating unit of GE (NYSE: GE), and a world-leading provider of jet engines, components, avionics, digital and integrated systems for commercial and military aircraft. GE Aviation has a global service network to support these offerings.