EVENDALE, OH -- North American Airlines has signed a five-year OnPointSM Solutions agreement with GE Aviation for the maintenance and overhaul of CF6-80C2 engines that power five Boeing 767-300ER aircraft. The agreement is valued at more than $20 million over the life of the contract.
"This long term agreement is a natural progression of our long-standing relationship with GE," said Martin Wax, vice president of maintenance and engineering at North American. "We conducted a rigorous solicitation, analysis and negotiation, and GE continues to be the best value proposition for North American."
North American, based at New York City's John F. Kennedy International Airport, is a U.S.-certificated air carrier offering air transportation services throughout the world for the U.S. military and commercial customers. Founded in 1989, North American operates its fleet of Boeing 767-300ER and Boeing 757-200ER passenger aircraft in charter and scheduled service. North American is a wholly owned subsidiary of World Air Holdings (OTC:WLDA.PK).
OnPoint Solutions are flexible long-term commitments designed to meet customers' unique engine service needs. Backed by GE's world-class support, these solutions are designed to help increase asset value and utilization and improve operating efficiencies. Available OnPoint services include overhaul, on-wing support, new and used parts, component repair, technology upgrades, engine leasing and diagnostics.
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, and also one of the world's leading providers of jet engine maintenance and support services.
SMOnPoint is a service mark of General Electric Company.