Republic Airways Expands its MRO Agreement with GE
Republic Airways Holdings Inc. (NASDAQ: RJET) expanded its OnPointSM solution agreement for engine maintenance, repair and overhaul to its current fleet and added 101 CF34-8Es that power an additional 47 EMBRAER 175 aircraft. The expanded agreement is valued at $500 million over the life of the contract.
FARNBOROUGH AIR SHOW - Republic Airways Holdings Inc. (NASDAQ: RJET) expanded its OnPointSM solution agreement for engine maintenance, repair and overhaul to its current fleet and added 101 CF34-8Es that power an additional 47 EMBRAER 175 aircraft. The expanded agreement is valued at $500 million over the life of the contract.
"GE Aviation has performed exemplary maintenance work on our engines for close to a decade," said Bryan Bedford, chairman, president and CEO of Republic Airways. "We expanded our existing OnPoint solution agreement to ensure our new CF34-8E engines receive the same high-quality MRO service and support that we have come to expect from GE."
"Republic Airways' OnPoint solution expansion shows the trust the airline has in GE Aviation's Services offering," said Kevin McAllister, president and CEO of GE Aviation's Services organization. "This agreement will help Republic Airways further optimize its operation for its entire CF34 engine fleet."
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 maximize the customer's 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.
Republic Airways Holdings Inc., based in Indianapolis, Indiana, is an airline holding company that owns Chautauqua Airlines, Republic Airlines and Shuttle America, collectively called "the airlines." The airlines operate a combined fleet of about 240 aircraft and offer scheduled passenger service on about 1,300 flights daily to about 110 cities in the U.S., Canada and the Bahamas through fixed-fee flights operated under our major airline partner brands, including American Eagle, Delta Connection, United Express, and US Airways Express. The airlines currently employ about 6,300 aviation professionals.
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.