Nordic Aviation Capital and GE Sign MOU for TrueChoice Flight Hour for CF34-10E Engines
FARNBOROUGH AIR SHOW -- Nordic Aviation Capital (NAC), the global leader in regional aircraft leasing, and GE Aviation signed a memorandum of understanding for a ten-year TrueChoiceTM Flight Hour agreement for its CF34-10E engines fleet. Under the agreement, NAC will offer GE Aviation-provided maintenance, repair and overhaul services to its CF34-10E lessees.
"We are delighted to be working with GE Aviation on this TrueChoice Flight Hour program which will offer our lessees cost certainty for the operation of their CF34-10E engines," says Tom Turley, Chief Operating Officer of NAC. "GE have been hugely supportive of this initiative, and we believe we have come up with an innovative arrangement that will allow NAC the flexibility to offer such a program to its customers, irrespective of fleet size."
"This TrueChoice Flight Hour agreement with NAC is the first of its kind between a lessor and GE Aviation and will ensure its CF34-10E engine fleet will be maintained to OEM standards while flying with NAC customers," says Jean Lydon-Rodgers, president and chief executive officer of GE Aviation's Services organization. "We are excited to finalizing the agreements and providing MRO services to NAC and its customers."
The TrueChoice suite of engine maintenance offerings incorporates an array of GE capabilities and customization across an engine's lifecycle. All TrueChoice offerings are underpinned by GE Aviation's data and analytic capabilities and experience to help reduce maintenance burden and service disruptions for customers.
About Nordic Aviation Capital
NAC is the industry's leading regional aircraft lessor serving over 70 airline customers in 48 countries. The company provides aircraft to well-established carriers, such as British Airways, Air Canada, LOT, Azul, Lufthansa, Garuda, Flybe, Aeroméxico and airBaltic as well as major regional carriers including Air Nostrum and Widerøe. NAC's current fleet of over 450 owned and managed aircraft includes E170, E175, E190, E195, ATR 42, ATR 72, Bombardier Dash 8, CRJ900, CRJ1000 and CS300. In addition, the group has circa 50 aircraft on firm order. NAC is the largest owner and lessor of both ATR and Bombardier aircraft in the world. Visit www.nac.dk.
About GE Aviation
GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, components, integrated digital, avionics, electrical power and mechanical systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings and is part of the world's Digital Industrial Company with software-defined machines and solutions that are connected, responsive and predictive.
TMTrueChoice is a trademark of General Electric Company.