GE Aviation

--LE BOURGET - GE (USA)* Engine Services has announced that 1995 promises to be its most outstanding sales year ever, with 17 major contracts, valued at more than $380 million, already in hand.

The contracts, which vary in length from one to five years, include conventional engine overhaul and repair, repair and refurbishment of engine components, and/or GE Engine Services' innovative Maintenance Cost Per Hour (MCPH) and Asset Management programs. The contracts for conventional overhaul and repair include engines produced by GE Aircraft Engines and by CFM International, a 50/50 joint company of Snecma of France and General Electric of the United States, as well as engines produced by other manufacturers.

Under the MCPH concept, maintenance costs are based on a flat rate per engine flight hour. Thus, the participating airline is able to budget more accurately, with known costs, throughout the length of the contract.

Under the Asset Management concept, GE Engine Services assumes responsibility for the acquisition and control of the spare parts inventory for those engines in the participating airline's fleet that are maintained by GE Engine Services, enabling the airline to concentrate on other areas of its operations.

"We are gratified with this strong customer endorsement of both our traditional services and our newer initiatives," said Tom Brisken, general manager of the recently reorganized GE Engine Services. "Bringing greater value to our customers is an ongoing effort with us, and sales activity such as this reflects the validity of that effort."