Ethiopian Airlines Signs OnPoint Solution Agreement with GE Aviation

DUBAI – November 18, 2013 – Ethiopian Airlines has signed a 10-year OnPointSM solution agreement with GE for maintenance, repair and overhaul of its GE90 engines. Under this agreement, GE will maintain Ethiopian’s GE90 engines that power its 16 B777 aircraft, which comprises of six B777-200LRs, six B777Fs, and four B777-300ERs.

Tewolde GebreMariam, chief executive officer of Ethiopian Airlines said, "We are pleased to have reached an agreement on the maintenance of our GE90 engines. The OnPoint solution agreement will help us in optimizing our maintenance cost and assists for maintaining a higher dispatch reliability of the B777 fleet. Our MRO has also developed the full capability to overhaul CFM56-3/-7B engines that power B737 Classic and Next Generation airplanes with the assistance and support of GE Aviation. This OnPoint solution agreement will further build our growing relationship with our longtime partner GE Aviation. ”

“Ethiopian Airlines and GE Aviation have forged a strong relationship over the last decade as the airline has revitalized its fleet with GE90- and GEnx-powered aircraft,” said Paul McElhinney, president of GE Aviation’s Services operation. “This 10-year MRO services agreement will enable Ethiopian Airlines to have OEM-quality MRO service and support to ensure optimal engine performance.”

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.

Ethiopian Airlines is the fastest growing and the most profitable Airline in Africa. Ethiopian operates the youngest and most modern fleet to its more than 76 international destinations across six continents. Ethiopian fleet includes ultra-modern and environmentally friendly aircraft such as the Boeing 787, 777-200LR, 777-300ER, 777-F and Bombardier Q-400 with double cabin.

Ethiopian MRO gets the approval standards of US Federal Aviation Safety Agency and European Aviation Safety Agency for third party MRO service provision.  Ethiopian MRO, one of the business profit centers of Ethiopian Airlines Group provides world-class MRO services to sister airlines in Africa and the Middle East. For more information, visit www.ethiopianairlines.com.

GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet, turboprop and turboshaft 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

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