EVENDALE, Ohio -- Europe's largest low-fare carrier, easyJet, has signed a 10-year OnPointSM Solutions services agreement with GE Aviation for the maintenance and overhaul of the CFM56-5B* and CFM56-7B* engines powering the airline's fleet of 192 Airbus A319 and 32 Boeing 737-700 aircraft, respectively. The agreement, which could cover as many as 340 shop visits, is potentially valued at $1 billion.
"This service agreement with easyJet demonstrates the confidence that the airline has in our OnPoint Solutions service offerings," said Jack Lutze, regional sales general manager at GE Aviation. "We are very excited to work with them to ensure their engines are well maintained to meet the needs of their flying customers."
easyJet continues to experience unprecedented growth. In year ending September 30, 2006 alone, the airline had added 58 new routes for a total of 262 routes in 21 countries.
OnPoint solutions are flexible, long-term commitments designed to meet customers' unique engine services needs. Backed by GE's world-class support, these solutions help lower our customers' cost-of-ownership and improve the use of their assets. Available OnPoint services include overhaul, on wing support, new and used serviceable parts, component repair, technology upgrades, engine leasing and diagnostics.
GE Aviation, an operating unit of General Electric Company (NYSE: GE), is a world-leading provider of commercial and military jet engines and components as well as integrated digital, electric power, and mechanical systems for aircraft. GE Aviation also has a global service network to support these offerings.
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.