July 10, 2012
FARNBOROUGH AIR SHOW -- Azul Brazilian Airlines is adding 42 CF34-10E engines to its existing 15-year OnPointSM solution services agreement for the maintenance, repair and overhaul of its CF34-10E engines that power its EMBRAER 190 aircraft. The value of the OnPoint solution for the additional engines is more than $600 million (USD) over the life of the agreement.
"Azul's record-breaking growth in Brazil is directly associated to the valuable support of important partners such as GE Aviation. Over the years, GE has played a vital role in helping the airline achieve industry-leading operational standards," said Alex Malfitani, financial director and treasurer at Azul Brazilian Airlines.
"With this expanded services agreement, GE Aviation will handle the maintenance of Azul's entire jet engine fleet," said Doug Izarra, general sales manager for the Americas at GE Aviation. "GE is excited to play a vital role in the airline's growth plans, and we look forward to helping them expand and better serve their customers."
About Azul Brazilian Airlines Azul Brazilian Airlines has changed the landscape of Brazilian commercial aviation. With over 11% domestic market share, Azul is the third largest airline in Brazil, connecting 49 destinations and 48 cities with over 400 daily flights as well as 8 additional points via convenient bus connections. Azul currently operates a fleet of 56 aircraft including 43 jets (33 Embraer 195 and 10 Embraer 190s) and 13 turboprops (9 ATR 72-600 and 4 ATR 72-200). To date, Azul has served more than 19 million customers. Its mission: to stimulate air travel and boost the Brazilian economy using a simple formula: low prices and high quality service. The company's success has drawn recognition not only within Brazil but internationally: in 2011 Azul was voted the 'Best Airline in Brazil' by both Travel and Tourism and Flight Revue magazines and was awarded the title of 'Best Low-Cost Airline in Latin America' by Skytrax. Azul was also recognized as "One of The World's 30 Hottest Brands' by Advertising Age in New York. Learn more at www.voeazul.com.br.
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.
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. Learn more about GE Business & General Aviation at http://facebook.com/GEBGA . Follow GE Aviation on Twitter at http://twitter.com/GEAviation and YouTube at http://www.youtube.com/user/GEAviation.