Copa Airlines has signed a 15-year OnPointSM solution agreement with GE Aviation for the maintenance, repair and overhaul of 112 CFM56-7B engines that power its Boeing 737-700 and -800 Next Gen aircraft. The OnPoint agreement is valued at more than $340 million (USD) over the life of the agreement.
"I am pleased that we have reached another agreement with GE this year. This is an indicative of our mutual commitment to aviation excellence," said Ahmad Zamany, vice president of Technical Operations for Copa.
"With this agreement and the CF34 OnPoint solution agreement signed last year, Copa Airlines has put its trust in GE Aviation as its service provider for its entire engine fleet," said Doug Izarra, senior executive for Americas Sales at GE Aviation. "We look forward to strengthening our relationship with Copa Airlines and ensuring their engines are kept in top operating condition."
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: Jul 11, 2012