Cathay Pacific Airways Signs OnPoint Solution Agreement on Its Additional GE90 Engines
DUBAI AIR SHOW - Cathay Pacific Airways has signed a 15-year OnPointSM solution agreement with GE Aviation that covers the maintenance, repair and overhaul of the GE90-115B engine fleet for four Boeing 777-300ER aircraft and eight 777-200 Freighters ordered in August along with the 10 Boeing 777-300ER aircraft ordered in March. The OnPoint solution agreement means that GE Aviation will provide engine MRO services for Cathay Pacific's entire fleet of 58 GE90-powered Boeing 777 aircraft.
GE plans to use Taikoo Engine Services (Xiamen) Company Limited (TEXL), an affiliate of HAECO, to perform much of the maintenance under this agreement. TEXL can perform full overhaul and engine test services on GE90 engines. The company recently expanded the facility with a new two-story, 17,500 square meter building where it will perform module strip and build and component repair. TEXL's Xiamen facility has a test cell, which is rated at 150,000 pounds of thrust. The four shareholders of TEXL are Hong Kong Aircraft Engineering Company (HAECO), Taikoo (Xiamen) Aircraft Engineering Company Limited (TAECO), Cathay Pacific Airways Limited and Xiamen Aviation Industry Company Limited. TEXL is the sole holder of a GE90 GE Branded Service Agreement in Asia, operating under a 22-year agreement with GE to perform authorized GE90 repair services.
"We are excited that Cathay Pacific Airways remains committed to OEM MRO services for its GE90-powered Boeing 777 fleet," said Paul McElhinney, vice president & general manager, GE Aviation Services. "GE Aviation will continue to provide Cathay Pacific Airways with the highest quality maintenance and OEM material for exceptional performance for many years to come."
As one of the world's pre-eminent airlines, Cathay Pacific has long been noted for both the technical excellence of its fleet and its world-class service. The Cathay Pacific group operates more than 170 aircraft to more than 150 destinations around the globe. The airline recently received its first Boeing 747-8 Freighter, powered by GEnx-2B engines, with a second Freighter arriving this week.
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.