$13 Billion, 12 Years, Two Aviation Leaders
For airlines, engines are the single biggest maintenance expense – accounting for nearly 40% of the total. Since engines are what keep us in the air when we’re flying, it’s comforting to know they get such focus from airlines.
At the same time, airlines face razor-thin profit margins of just $6 per passenger. So they look for any opportunity to reduce the total cost of engine ownership, while also improving reliability.
That’s where engine maintenance contracts can play an important role, and that’s why Emirates airlines recently deepened its relationship with GE through a 12-year, $13-billion OnPoint Solution agreement. The contract is for the maintenance, repair and overhaul of the Dubai-based airline’s new GE9X engines that will power its 150 Boeing 777X aircraft. These 150 planes represent the largest product launch order in commercial aviation history.
Customized OnPoint service agreements are 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. These agreements can include engine overhaul, on-wing support, new and used serviceable parts, component repair, technology upgrades, engine leasing, integrated systems support and diagnostics and integrated systems.
For more on GE’s OnPoint and other service solutions, click here.