Cargolux Signs 15-Year OnPoint Solution Agreement on Its GEnx Fleet

DUBAI AIR SHOW - November 14, 2011 - Cargolux has signed a 15-year OnPointTM solution agreement with GE Aviation for the maintenance, repair and overhaul of its GEnx-2B engines that power its Boeing 747-8 freighters. The agreement will cover 52 GEnx-2B engines that power its

13 Boeing 747-8 Freighter, and it is valued at more than $1 billion over the life of the agreement.

Cargolux has also been granted TRUEngine status for its GEnx-2B engine, launching the program on this engine model. With the TRUEngine designation, Cargolux has agreed to follow the GE-issued engine manual, service bulletins and other maintenance recommendations on its GEnx engine fleet.

''The comprehensive and flexible nature of the OnPoint solution agreement fully meets the engine services needs of our GEnx-powered Boeing 747 freighters," said Frank Reimen, president and chief executive officer of Luxembourg-based all-cargo airline Cargolux. ''We expect to maximize the use of these aircraft and to enjoy greater operational efficiency on the back of such a long-term agreement.''

"Cargolux's commitment to quality OEM maintenance is evident in its selection of GE Aviation as its maintenance provider as well as its TRUEngine designation on its GEnx engine fleet," said Paul McElhinney, president and chief executive officer of GE Aviation's Services operation. "GE Aviation looks forward to providing outstanding service and support offerings to Cargolux to keep its engines in optimal operating condition."

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.

To qualify for TRUEngine status, the engine configuration, overhaul practices, spare parts and repairs used to service an engine must be consistent with GE requirements. In addition, all maintenance must comply with GE -issued engine manuals and other maintenance recommendations. The qualification data is obtained through a combination of fleet operations and maintenance records. The TRUEngine designation is available to the 1,300 GEnx engines that began entering service last month on the Boeing 747-8 freighter.

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. Follow GE Aviation on Twitter at http://twitter.com/GEAviation and YouTube at http://www.youtube.com/user/GEAviation.