LE BOURGET-- The Qantas Group has entered into a multi-year OnPointSM solution agreement with GE Aviation covering the GEnx-1B engines that power Jetstar’s fleet of Boeing 787 Dreamliner aircraft. The agreement is valued at more than $550 million (USD) over its life and ensures GE will provide the maintenance, repair and overhaul for Jetstar’s GEnx-1B engines.
“This agreement will provide Jetstar with the lowest through life cost for engineering & maintenance while also ensuring leading levels of reliability,” said David Lau, Jetstar Head of Engineering. "We are pleased to build on an already strong relationship between the Qantas Group, Jetstar and GE with this long term services deal.”
“This OnPoint Solution agreement on the GEnx engines further strengthens GE and Jetstar’s relationship,” said Kevin McAllister, president of GE Aviation’s Services organization. “We look forward to providing the best service and support to keep Jetstar Group’s GEnx engines in top operating condition.”
The Jetstar Group is one of the Asia Pacific’s largest low fares network by revenue. Jetstar branded carriers operate more than 4,000 flights a week to more than 60 destinations. The Jetstar Group carried more than 25 million passengers in financial year 2014. Jetstar currently has a fleet of eight 787s powered by GEnx engines.
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.
GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, components and integrated systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings.