FARNBOROUGH AIR SHOW - July 11, 2012 - Sun Country Airlines has signed a 5-year OnPointSM solution agreement with GE Aviation for the overhaul of 28 CFM56-7B engines that power its Boeing 737-700 and -800 aircraft. The OnPoint agreement is valued at more than $60 million (USD) over the life of the agreement.
CFM56-7B engines are a product of CFM International, a 50/50 joint company between Snecma (SAFRAN Group) and General Electric Company.
"Sun Country Airlines is pleased to partner with GE Aviation for a five year engine maintenance agreement on our 737 fleet," said Stan Gadek, president and CEO. "GE is a world-class organization and this new relationship will support our growth going forward."
"GE Aviation looks forward to providing Sun Country with its high quality OEM overhaul services to keep its CFM56 engine fleet in outstanding condition," said Kevin McAllister, vice president and general manager of Global Sales at GE Aviation.
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.
Based in Minneapolis/ St. Paul, Minnesota, Sun Country Airlines flies to over 30 destinations in the United States, Latin America, Mexico and the Caribbean. Sun Country has been ranked in the Top Ten Domestic Airlines lists by both Travel+Leisure for six years in a row and Condé Nast Travelers three years in a row.
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.
Copa Airlines has signed a 15-year OnPoint solution agreement with GE Aviation for the maintenance, repair and overhaul of 112 CFM56-7B engines valued at more than $340 million (USD) over the life...
Southwest Airlines signed a 20-year OnPointSM solution agreement, valued at more than $1 billion, with GE Aviation for its 78 Boeing 737-800 Next Gen aircraft.
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The engine order and OnPoint solution agreement are valued at more $400 million over the life of the agreement.