easyJet signs exclusive OnPoint engine service agreement with GE Aviation

easyJet, Europe’s leading low-fares airline, has signed a 10-year OnPointSM Solutions services agreement with GE Aviation for the maintenance and overhaul of the CFM56-5B* and CFM56-7B* engines powering the airline’s rapidly growing fleet of 105 Airbus A319 and 30 Boeing 737-700 aircraft, respectively. The agreement, which could cover as many as 340 shop visits, is valued at around $1 billion.

“This service agreement with easyJet demonstrates the confidence that the airline has in our OnPoint Solutions service offerings,” said Jack Lutze, Regional Sales General Manager at GE Aviation. “We are very excited to work with easyJet to ensure their engines are well maintained to meet the needs of their flying customers.”

easyJet continues to experience strong growth in Europe. In the 12 months to 31 May 2007, the airline has carried 35 million passengers and today offers customers a choice of 298 routes to 75 destinations in in 22 countries. In the course of the past three-and-a-half years, on average easyJet has taken delivery of one new Airbus A319 every 12 days.

OnPoint solutions are flexible, long-term commitments designed to meet customers’ unique engine services needs. Backed by GE’s world-class support, these solutions help lower our customers’ cost-of-ownership and improve the use of their assets. Available OnPoint services include overhaul, on wing support, new and used serviceable parts, component repair, technology upgrades, engine leasing and diagnostics.