GE Aviation has signed a 15-year OnPointSM solution agreement with SkyWest Airlines for material to support its 150 CF34-8C5B1 engines that power the airline's Bombardier CRJ700 aircraft. The material agreement is valued at more than $360 million over the life of the contract.
"SkyWest Airlines depends on the reliability of GE's CF34 engines to operate more than 1,600 flights every day," said Russell "Chip" Childs, SkyWest Airlines President and COO.
"This OnPoint solution agreement for material will allow SkyWest Airlines to benefit from OEM material and support to ensure its engines retain their high performance capabilities and stay on wing longer," said Paul McElhinney, president and chief executive officer for GE Aviation's Services organization.
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.
Source: GE Aviation
Date: Apr 4, 2012