LE BOURGET -- TAM S.A., Brazil's largest airline, 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 GE90-115B engine. The engines power TAM's 10 Boeing 777-300ER aircraft. The OnPoint solution agreement is valued at $345 million over the life of the contract.
"GE's GE90-115B engines have demonstrated outstanding fuel burn and low emissions, which are very important to our airline," said TAM CEO David Barioni Neto. "This OnPoint agreement will ensure our GE90-115B engines remain in top condition with high-quality OEM service and material."
"We are pleased TAM has the continued confidence in GE Aviation to sign this OnPoint solution agreement for its new GE90 engine fleet," said Kevin McAllister, vice president and general manager of sales for GE Aviation. "GE Aviation has been the MRO provider for TAM's CF6-80E1 engines and CFM56-5B* engines for several years, and we look forward to providing the same high-quality service and support to its GE90-115B engines."
TAM is the first Latin American airline to operate the GE90-115B-powered Boeing 777-300ER. The first aircraft was delivered in August 2008. TAM operates its 777-300ERs on international flights within South America and to Europe.
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.