June 18, 2012 - NetJets Inc. has signed a 15-year OnPointSM solution agreement With GE Aviation for the maintenance, repair and overhaul of its new CF34 engine fleet, which was part of last week's order that included 25 firm CF34-3B-powered Bombardier Challenger 605* aircraft with options for up to an additional 50 aircraft. The engine order and OnPoint solution agreement are valued at more $400 million over the life of the agreement.
"NetJets' order for CF34-powered Bombardier Challenger 605 jets follows an order last year for 20 firm Passport-powered Bombardier Global 7000* and Global 8000* jets," said Brad Mottier, vice president and general manager of GE Aviation's Business & General Aviation organization. "With NetJets' growing fleet of GE-powered aircraft, the OnPoint solution agreement will ensure the company's assets are well maintained to OEM standards."
The CF34 incorporates a unique combination of military and commercial airline experience and technology. The engine's performance has proven to meet the dependability and availability demands of customers worldwide. Since its service entry in 1983 on the Challenger 601* Corporate Jet, the CF34 has earned an industry leading reputation as one of the cleanest, quietest, and most fuel-efficient engines in its class.
GE's OnPoint solutions offer customers the option to purchase a flexible and cost-effective engine service package tailored to their specific needs. Comprehensive OnPoint solutions are being offered on both the CF34 engine which powers the Challenger 600* Series and Challenger 800* Series aircraft and the Passport propulsion system that will power the ultra long-range, large cabin Global 7000 and Global 8000 aircraft.
NetJets is the worldwide leader in private aviation with a fleet of more than 700 aircraft worldwide. The company's fleet plan is centered on providing NetJets Owners with non-stop capabilities around the globe in the industry's most advanced business aircraft.
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<http://www.ge.com/aviation>. Follow GE Aviation on Twitter at http://twitter.com/GEAviation and YouTube at http://www.youtube.com/user/GEAviation.