Sama Signs an Agreement with GE for USD 51 Million
DUBAI -- Sama, the new low-fare carrier in Saudi Arabia, has signed a 10-year, OnPointSM solution agreement with GE for the maintenance, repair and overhaul of its CFM56-3 fleet. The agreement is valued at more than $51 million (USD) over the life of the contract.
"Sama is continuing its strategic plan to expand the world leading partners, to provide high quality services and support to the Sama fleet that enables operating efficiently at lower cost. This agreement with GE is important to Sama to improve and upgrade its operations and engine maintenance levels for the next 10 years," said Andrew Cowen, CEO for Sama.
"This agreement with Sama will ensure the airline receives the highest quality service offerings as well as OEM material to help keep the engine on wing longer with the best fuel efficiency," said Scott Donnelly, president and CEO of GE Aviation.
Sama had its inaugural flight on March 2007 with four Boeing 737 aircraft and now operates six aircraft covering 12 domestic destinations across Saudi Arabia. The airline has plans to expand its fleet to 35 aircraft at 2010. For more information, visit Sama at www.flysama.com.
OnPoint solutions are flexible, long-term commitments designed to meet customers' unique engine services needs. Backed by GE's world-class support, these solutions help lower our customers' cost-of-ownership and maximize the use of their assets. Available OnPoint services include overhaul, on wing support, new and used parts, component repair, technology upgrades, engine leasing and diagnostics.
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.