Cathay Pacific Airways Places GE90 Engine Order, Signs 20-Year OnPointSM Services Agreement
EVENDALE, Ohio - Cathay Pacific Airways has made commitments to acquire 16 GE90-115B powered Boeing 777-300ER aircraft. The airline, which will lease four of the aircraft, will take delivery between 2007 and 2012.
Cathay Pacific also signed a 20-year OnPointSM Solutions service agreement with GE Engine Services for the maintenance and overhaul of all 32 GE90-115B engines.
Cathay Pacific is one of the pre-eminent airlines in the world and has long been noted for both the technical excellence of its fleet and its world-class service. In November 2005, the airline was awarded the titles of "Asia's Leading Airline," "Asia's Leading Business Class Airline," and "World's Leading Use of In-flight Technology" as a result of the World Travel Awards annual poll of travel industry professionals.
The GE90-115B is certified at an unprecedented 115,000 pounds (512 kN) thrust and serves as the powerplant for Boeing's 777-300ER, 777-200LR, and the upcoming 777 freighter targeted for entry into service in 2008. More than 225 GE90 engines have been ordered in 2005.
The GE90-115B is part of GE's "ecomagination" product portfolio--GE's commitment to develop new, cost-effective technologies that enhance customers' environmental and operating performance.
Snecma of France, Avio SpA. of Italy, and IHI of Japan are revenue-sharing participants in the GE90 program.
OnPoint Solutions are flexible long-term commitments designed to meet customers' unique engine service needs. Backed by GE's world-class support, these solutions are designed to increase asset value and utilization and improve operating efficiencies. OnPoint services include overhaul, on-wing support, new and used parts, component repair, technology upgrades, engine leasing and diagnostics.
GE Engine Services, Inc. is a subsidiary of General Electric Company's (NYSE: GE) Aviation business unit. GE - Aviation is one of the world's leading manufacturers of jet engines for civil and military aircraft. GE Engine Services, Inc. is a global provider of maintenance and support services for operators of GE engines.