LE BOURGET, France -- June 16, 2009 -- Philippine low-fare carrier Cebu Pacific has signed a 12-year OnPointSM solution agreement with GE Aviation's Services business for the maintenance and overhaul of the CFM56-5B* engines powering the airline's fleet of Airbus A320 family aircraft.
The agreement, which covers the --5B engines powering recently announced fleet of 10 purchased A320s, is valued at more than $100 million U.S. over the life of the contract.