Released on Monday, June 20, 2011
Cathay Pacific Airways Signs OnPoint Solution Agreement with GE for its GE90-115B Engine Fleet
--LE BOURGET -- GE Aviation and Cathay Pacific Airways have reached a 15-year OnPointSM solution agreement for the maintenance, repair and overhaul of the airline's GE90-115B engines that power its additional 18 Boeing 777-300ER aircraft.
"Cathay Pacific Airways has been operating GE90-115B-powered Boeing 777-300ER aircraft for almost four years," said Paul McElhinney, president & chief executive officer of GE Aviation's Service operation. "The OnPoint solution agreement will ensure the airline received the highest quality maintenance and OEM material to keep its engines in top operating condition for many years to come."
"We are pleased that Cathay Pacific signed this 15-year OnPoint solution agreement, which recognizes the MRO expertise and quality workscoping that GE Aviation provides to our engine customers, and we look forward to continuing to strengthen our relationship with Cathay Pacific," said Kevin McAllister, vice president and general manager, Global Sales for GE Aviation.
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.
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.
Sales & Contracts
GE - General Electric
MRO - Maintenance, Repair and Overhaul
OEM - Original Equipment Manufacturer