FARNBOROUGH AIR SHOW - Jet Airways, India's premier international airline, extended its OnPointSM solution agreement with GE Aviation for an additional five years on the fleet of GE90 engines that power the airline's Boeing 777- 300ER. The extension, valued at more than $200 million (USD), ensures GE will provide the maintenance, repair and overhaul of 22 GE90 engines through 2022.
Also, Jet Airways has signed an agreement with GE for a thrust bump on its entire GE90 fleet of 22 engines. This provides Jet Airways with the flexibility to operate high payloads even when flying out on short runways under severely hot operating conditions experienced in the summer months in many parts of Asia and the Middle East.
"Our GE90-115B engines provide us with exceptional performance and reliability," said Mr. Gaurang Shetty, senior vice president of Commercial for Jet Airways. "Extending our existing OnPoint solution agreement with GE to our entire GE90 fleet will allow our engines to have access to OEM-quality work scopes, repairs and material that will keep them in top operating condition."
"Jet Airways and GE have worked successfully together since the airline launched its first route in 1993 with a CFM56-3-powered Boeing 737 aircraft," said Kevin McAllister, president and CEO of GE Aviation's Services organisation. "With this OnPoint solution agreement extension, GE will continue to provide Jet Airways with high-quality maintenance and overhaul capabilities as well as the OEM parts to meet all of its services’ needs."
Headquartered in Mumbai, India, Jet Airways has one of the youngest fleets in the world. Jet Airways, along with its low cost brand JetKonnect, is the biggest airline in India and has a modern jet fleet of GE90-powered Boeing 777-300ER, CFM56*-powered Boeing 737 Next Generation and CF6-powered Airbus A330aircraft. It currently operates more than 460 flights a day to 53 Indian cities and 21 international destinations in U.S., Europe, Middle East, SAARC (South Asian Association for Regional Cooperation) and Southeast Asia.
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.