FARNBOROUGH AIR SHOW - July 11, 2012 - Copa Airlines has signed a 15-year OnPointSM solution agreement with GE Aviation for the maintenance, repair and overhaul of 112 CFM56-7B engines that power its Boeing 737-700 and -800 Next Gen aircraft. The OnPoint agreement is valued at more than $340 million (USD) over the life of the agreement.
"I am pleased that we have reached another agreement with GE this year. This is an indicative of our mutual commitment to aviation excellence," said Ahmad Zamany, vice president of Technical Operations for Copa.
"With this agreement and the CF34 OnPoint solution agreement signed last year, Copa Airlines has put its trust in GE Aviation as its service provider for its entire engine fleet," said Doug Izarra, senior executive for Americas Sales at GE Aviation. "We look forward to strengthening our relationship with Copa Airlines and ensuring their engines are kept in top 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.
About GE Aviation
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.
About Copa Airlines
Copa Airlines and Copa Airlines Colombia, subsidiaries of Copa Holdings, are leading Latin American providers of passengers and cargo services. The airlines provide service to 64 destinations in 29 countries in North, Central and South America and the Caribbean, operating one of the youngest and most modern fleets in the industry, consisting of 80 aircraft: 54 Boeing 737NG aircraft and 26 Embraer-190s. To make reservations, check seat assignments, log on to a MileagePlus account, create a trip log, check in for flights, print boarding passes or purchase tickets via secure transactions in 11 currencies, visit copa.com.
Copa recently launched its mobile website, m.copaair.com, becoming the first airline in Latin America to offer travelers the ability to use electronic boarding passes. Copa Airlines joined Star Alliance last June 2012.
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JAL will perform the overhaul and certain repairs at its engine maintenance center located in Narita, Japan, and GE will provide material and repair management services.