LE BOURGET -- LAN Cargo has signed a memorandum of understanding (MOU) With GE Aviation for a 12-year OnPointSM solution agreement for the maintenance, repair and overhaul of its GE90-110B engine that power its four Boeing 777 Freighters. The OnPoint solution agreement is valued at $135 million over the life of the contract.
"GE Aviation has provided engine maintenance, repair and overhaul services for LAN Airlines CF6-80C2 and CFM56-5C* engines for several years," said Doug Izarra, regional general sales manager for Latin America and the Caribbean for GE Aviation. "We are pleased the LAN Cargo has selected GE as the MRO provider for its GE90 engine fleet and look forward to providing outstanding service and support."
Headquartered in Santiago, Chile, LAN Cargo is part of LAN Airlines, one of the largest airlines in Latin America. LAN Airlines offers its Latin American passengers one of the most modern air fleets in the world with 84 passenger aircraft and 11 cargo aircraft. In November 2008, GE recognized LAN for achieving 1.5 million flight hours with its GE's reliable CF6-80C2 engine fleet that powers its Boeing 767 aircraft.
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 General Electric Company (NYSE: GE), is a world-leading provider of commercial and military jet engines and components as well as avionics, 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.