Air Canada Commits to GE's OnPoint Solution Agreement for CF34 Engines

June 17, 2013

LE BOURGET - Air Canada has committed to a 5-year OnPointSM solution agreement for a firm fixed price on time and material to repair and overhaul its CF34-8E engines that power its EMBRAER 175 aircraft. The value of the OnPoint solution agreement is not disclosed.

"GE is pleased Air Canada has signed an OnPoint solution agreement with our improved firm fixed price structure," said Paul McElhinney, president of GE Aviation's services operation. "The firm fixed price is designed to make shop visit cost more predictable and affordable to operators and is backed by GE's strong performance guarantees, such as EGT margin, time-on-wing as well as competitive turn-time."

"We are very happy to be moving forward with GE's solution for our CF34-8 engines," said Klaus Goersch, Air Canada's Executive Vice President and Chief Operating Officer. "OnPoint will provide Air Canada with the best overall maintenance solution in support of our Embraer E175 fleet of aircraft."

Air Canada operates a large GE and CFM56* powered fleet including CF34-powered Embraer E175/190s and Bombardier CRJ 200/705s, GE90-powered Boeing 777s, CF6-powered Boeing 767s and CFM56-powered Airbus A320s. Air Canada has an order for GEnx-powered Boeing 787 Dreamliners.

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.

Air Canada is Canada's largest airline and the largest provider of scheduled passenger services in the Canadian market, the Canada-U.S. trans-border market and in the international market to and from Canada. Together with its Air Canada Express regional partners, Air Canada serves close to 35 million passengers annually and provides direct passenger service to more than 175 destinations on five continents. Air Canada is a founding member of Star Allianceā„¢, the world's most comprehensive air transportation network. For more information, visit aircanada.comaircanada.com.

GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet, turboprop and turboshaft engines, components and integrated systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings.