TAP Portugal Selects GE Engines and Services for Fleet of Airbus A330s

( FARNBOROUGH - July 19, 2006 ) - TAP Portugal has selected General Electric Company's CF6 engines to power five Airbus A330-200 aircraft in an engine deal valued at approximately $150 million (US). In addition, TAP has signed with GE for a nine-year OnPointSM Solutions service agreement for the maintenance, overhaul, and repair of the 11 CF6-80E1 engines powering this A330 fleet. The potential value over the life of the services agreement is valued at approximately $45 million (US). "GE has developed a strong working relationship with TAP, which operates a fleet of CF6-powered A310s and a fleet of CFM-powered A320s and A340s," said Scott Donnelly, president and CEO of GE-Aviation. "We are thrilled with the opportunity to expand on our efforts together." The GE's CF6 engine family is one of the workhorse jet engines of the airline industry. For 30 years, it has been among the most utilized and reliable jet engines powering more than 10 models of wide-body aircraft and has flown more hours than any other high-bypass engine family. The CF6-80E1 engine was developed specifically for the A330. TAP Portugal will use the new A330 aircraft on routes between Portugal and Brazil. In addition to augmenting its current fleet, the new aircraft will support the airline's continued growth in the long-haul sector. 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. GE also is a world-leading provider of maintenance and support services for jet engines. Visit GE-Aviation at www.geaviation.com.

Source: GE
Date: Jul 20, 2006

More GE News