(The following press release from GE Aviation was received by e-mail. The
sender verified the statement.)
Air Canada Commits to GE’s OnPoint Solution Agreement for CF34 Engines
LE BOURGET – June 17, 2013 – Air Canada has committed to a 5-year OnPointSM
solution agreement for a firm fixed price on time and material to repair and
overhaul its CF34-8E engines that power its EMBRAER 175 aircraft. The value of
the OnPoint solution agreement is not disclosed.
“GE is pleased Air Canada has signed an OnPoint solution agreement with our
improved firm fixed price structure,” said Paul McElhinney, president of GE
Aviation’s services operation. “The firm fixed price is designed to make shop
visit cost more predictable and affordable to operators and is backed by GE’s
strong performance guarantees, such as EGT margin, time-on-wing as well as
“We are very happy to be moving forward with GE’s solution for our CF34-8
engines,” said Klaus Goersch, Air Canada’s Executive Vice President and Chief
Operating Officer. “OnPoint will provide Air Canada with the best overall
maintenance solution in support of our Embraer E175 fleet of aircraft.”
Air Canada operates a large GE and CFM56* powered fleet including CF34-powered
Embraer E175/190s and Bombardier CRJ 200/705s, GE90-powered Boeing 777s,
CF6-powered Boeing 767s and CFM56-powered Airbus A320s. Air Canada has an order
for GEnx-powered Boeing 787 Dreamliners.
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.
Air Canada is Canada's largest airline and the largest provider of scheduled
passenger services in the Canadian market, the Canada-U.S. trans-border market
and in the international market to and from Canada. Together with its Air
Canada Express regional partners, Air Canada serves close to 35 million
passengers annually and provides direct passenger service to more than 175
destinations on five continents. Air Canada is a founding member of Star
Alliance™, the world's most comprehensive air transportation network. For more
information, visit aircanada.com.
GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of
jet, turboprop and turboshaft engines, components and integrated systems for
commercial, military, business and general aviation aircraft. GE Aviation has a
global service network to support these offerings. For more information, visit
us at www.geaviation.com<http://www.geaviation.com>. Follow GE Aviation on
Twitter at http://twitter.com/GEAviation and YouTube at
SMOnPoint is a service mark of General Electric Company.
*CFM56 engines are a product of CFM International, a 50/50 joint venture
between GE and Snecma (Safran group).
For further information, contact:
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