FARNBOROUGH -- GE - Aviation's OnPoint Solutions had a successful first year, signing 18 customers to service agreements valued at more than $7 billion.
"GE's OnPoint Solutions are about flexibility, quality performance, increased productivity and strong customer support when and where our customers need it," said Brad Mottier, vice president and general manager of GE - Aviation Services business. "After launching OnPoint at the 2005 Paris Air Show, we have continued to listen to our customers and tailor our services to meet their specific needs. The contracts that we have signed with these customers over the last year demonstrate that they prefer our new approach and recognize the value that GE brings to their business."
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 maximize the use of their assets. OnPoint services include overhaul, on-wing support, new and used parts, component repair, technology upgrades, engine leasing, diagnostics and other products.
OnPoint was launched last year with AirAsia. Since that time, GE has signed customers around the globe, including Cathay Pacific, Emirates Airlines, Paramount Airways, Shenzhen Airlines, Singapore Airlines, Southwest Airlines and TAM Brazilian Airlines.
GE - Aviation, an operating unit of 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 world-leading provider of maintenance and support services for jet engines.
SM OnPoint is a service mark of General Electric Company.