EVENDALE, Ohio - Shenzhen Airlines has signed a new 15-year OnPointSM Solution engine services agreement with General Electric Company for the maintenance, overhaul and repair of CFM56-5B* engines that will power the airline's fleet of Airbus A320 family aircraft. The agreement is potentially worth up to $240 million.
Shenzhen Airlines is one of the fastest growing airlines in China, serving both domestic and international routes. The airline has received three champions of "National Passengers Assessment on Civil Aviation" and "National Customer Satisfied Enterprise" awards for having the best customer services recognized by the industry. In 2004, the airline signed three separate 10-year maintenance agreements for its fleet of CFM56-3 and CFM56-7 engines.
"We have great confidence in the quality GE Engine Services provides and we are pleased to be entering into a long-term relationship with them," said Yang Jia Bao, vice president of Shenzhen Airlines. "This relationship not only helps keep our maintenance costs more predictable, it also helps us meet the commitment for safety and reliability that we have made to our customers."
OnPointSM Solutions are flexible long-term commitments designed to meet customers' unique engine service needs. Backed by GE's world-class support, these solutions maximize asset value and utilization and improve operating efficiencies. OnPoint services include overhaul, on-wing support, new and used parts, component repair, technology upgrades, engine leasing and diagnostics.
GE Transportation - Aircraft Engines, a division of the 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 global provider of maintenance and support services for operators of GE and non-GE jet engines.
SM OnPoint is a service mark of General Electric Company.
* CFM56 engines are produced by CFM international, a 50/50 joint company between GE and Snecma Moteurs