FARNBOROUGH AIR SHOW -- TAAG (Angola Airlines) has signed a 10-year OnPoint solution services agreement for the maintenance, repair and overhaul of its 10 GE90 engines that power its Boeing 777-200ER and -300ER aircraft. The agreement is valued at more than $50 million (USD) over the life of the agreement. 

"TAAG is pleased to award the responsibility for the maintenance of all of its 10 GE90 engines to GE's OnPoint services. With a relatively small fleet of Boeing 777s, we need to assure the absolute highest operational schedule reliability and we believe GE's OnPoint solution services will accomplish our operational objectives for the next 10 years," said Dr. Pimentel Araujo, Chairman of TAAG Angola Airlines. 

"GE looks forward to working closer with TAAG and helping it maintain its new fleet of GE90 engines," said Tom Gentile, president and chief executive officer of GE Aviation's Services organization. "The OnPoint agreement will ensure the airlines will receive high quality OEM material and repairs to help its engines remain in top performance condition." 

The flag carrier for Angola, TAAG has a large domestic network as well as flights to other African countries, Europe and South America. It currently operates three GE90-94B-powered Boeing 777-200ERs and four CFM56*-powered Boeing 737-700s. In April, TAAG ordered two GE90-115B-powered Boeing 777-300ERs that will be delivered next year. 

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. 

^SMOnPoint is a service mark of General Electric Company. 

*CFM56 engines are a product of CFM International, a 50/50 joint company of General Electric Company and Snecma (Safran Group).