EVENDALE, OHIO - September 20, 2010 - Evergreen Aviation Technologies Corp. (EGAT) based in Taiwan has signed a 10-year, OnPointSM solution agreement with GE Aviation for OEM material management and repair solution for 100 CF6-80C2 engines that power EVA Air's fleet of Boeing 747-400 and MD-11 aircraft. The agreement is valued at approximately $230 million (USD) over the 10-year period. EGAT, and GE have also signed a 10-year extended general support license agreement that allows GE to continue to provide various technical support to EGAT.
"The OnPoint solution agreement with EGAT will ensure EVA Air's CF6-80C2 engine fleet will continue to utilize high-quality OEM material and repair solutions to keep its engines in top condition," said Tom Gentile, president and chief executive officer of GE Aviation's Services organization.
EGAT is a private, joint venture company between EVA Air and GE. EGAT offers a menu of quality maintenance services for airframes, components, and aircraft engines. EGAT continues to build on EVA Air's established record for quality maintenance and flight safety, by delivering aviation product offerings to its customer base. As Aviation Week's 2009 Best Asia-Pacific Independent MRO facility, EGAT has expanded its airline customer portfolio and footprint that spans different continents, creating best-in-class maintenance solutions to airline business partners that promote airworthiness, aviation safety and quality.
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 serviceable parts, component repair, technology upgrades, engine leasing and diagnostics.
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. For more information, visit us at www.ge.com/aviation.SMOnPoint is a service mark of General Electric Company.
