Jet Airways has signed an 10-year OnPointSM solution agreement with GE Aviation that expands the engine maintenance, repair and overhaul coverage to include new CF6-80E engines that will power nine additional Airbus A330 aircraft that the carrier will begin inducting later this year.
MUMBAI -- July 9, 2012 -- Jet Airways has signed an 10-year OnPointSM solution agreement with GE Aviation that expands the engine maintenance, repair and overhaul coverage to include new CF6-80E engines that will power nine additional Airbus A330 aircraft that the carrier will begin inducting later this year. The agreement is valued at $150 million (USD). Jet Airways currently operates 10 A330-200 aircraft powered by CF6-80E engines that are covered with an OnPoint solution agreement from GE.
"GE's OnPoint solution agreement is a comprehensive engine maintenance solution that maintains our engines to ensure the superior operational reliability for which Jet Airways is highly regarded," says Nikos Kardassis, Chief Executive Officer for Jet Airways. "Furthermore, its flexible structure and customized overhaul plan developed jointly with the airline enables us to accurately forecast and optimize cash flows."
"Jet Airways is among the premier airlines in Asia we are proud to have partnered with them since the airline launched its first route in 1993 with a CFM56*-powered Boeing 737 aircraft," said Nalin Jain, Vice President of GE Aviation, South Asia. "We are honoured by the continuing faith reposed in us by Jet Airways in selecting GE as the engine of choice for their Airbus A330 aircraft. Additionally, through this OnPointSM solution agreement GE will provide Jet Airways with high-quality maintenance and overhaul capabilities as well as the OEM parts to meet all of its service needs."
Based in Mumbai, India, Jet Airways has one of the youngest fleets in the world. Jet Airways, along with its low cost brand, JetKonnect, is the biggest airline in India and a modern jet fleet of GE90-powered Boeing 777-300ER, CFM56-powered Boeing 737 Next Generation and CF6-powered Airbus A330. It currently operates more than 600 flights a day to 55 Indian cities and centres and 22 international destinations in US, Europe, Middle East, SAARC and South East Asia.OnPointSM solutions are flexible, long-term commitments designed to meet customers' unique engine services needs. Backed by GE's world-class support, these solutions help lower our customers' cost-of-ownership and maximize the use of their assets. Available OnPointSM services include overhaul, on wing support, new and used serviceable parts, component repair, technology upgrades, engine leasing and diagnostics.
GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, components and integrated systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings. For more information, visit us at www.ge.com/aviation. Follow GE Aviation on Twitter at http://twitter.com/GEAviation and YouTube at http://www.youtube.com/user/GEAviation.
Purnima SahniMohanty
GE Corporate Manager - Communications
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Rick Kennedy
GE Aviation
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+1 513 243 3372
+1 513 607 0609