EVENDALE, OHIO -- Afriqiyah Airways has signed 10-year OnPointSM solution agreement for the maintenance, repair and overhaul of its CFM56-5B engine fleet. The agreement is valued at more than $50 million (USD) over the life of the contract.
Afriqiyah Airways had ordered 28 CFM56-5B engines to power its Airbus A320 aircraft. There are currently 14 engines in service. CFM56-5B engines are the product of CFM International, a 50/50 joint company between General Electric Company and Snecma (SAFRAN Group).
"We are very pleased to select GE Aviation as our MRO provider for the repair and maintenance of the CFM56-5B engines to our fleet," said Eng Rammah Ettir, CEO of Afriqiyah Airways. For more information , visit Afriquay Airways at www.afriqiyah.aero.
"The OnPoint solution agreement will enable Afriqiyah Airways to have access to OEM repairs and material to help the airline keep their engines in top performing condition," said Tom Gentile, vice president and general manager of services for GE Aviation.
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.
Based in Tripoli, Afriqiyah Airways is 100 percent controlled by the Libyan government. The company started in 2001 and has expanded operations to include domestic and international routes from Africa to Europe.
GE Aviation, an operating unit of General Electric Company (NYSE: GE), is a world-leading provider of commercial and military jet engines and components as well as integrated digital, electric power, and mechanical systems for aircraft. GE Aviation also has a global service network to support these offerings.
SMOnPoint is a service mark of General Electric Company