Ryanair signs three-year OnPoint agreement extension
18-Jul-2008 |
Airline Code [RYR]
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Tags :UK, Ryanair
Ryanair and GE Aviation have signed a three-year extension to include all current firm and option aircraft on order by Ryanair to its current OnPoint Solutions agreement with GE Aviation’s Services business for the airline’s fleet of CFM56-7B* engines.
The original agreement was signed in 2004; the new agreement keeps it in force until 2017. In addition, it expands the coverage of the agreement to include the new Tech Insertion engines first introduced into the Ryanair fleet in 2007 and which provide reduced fuel burn and lower emissions,
This all-inclusive maintenance contract includes the repair and overhaul of engine components, the provision of spare parts, fleet technical support and the maintenance and overhaul of the CFM56-7B engines.
Michael Hickey, Ryanair’s director of engineering said, “We’ve built a great relationship with GE over the last several years and are pleased to sign this extension. “Over the past four years, the OnPoint program has enabled us to significantly reduce the maintenance and overhaul costs for our CFM56-7B engine fleet. This extension now takes that relationship even further into the future and encompasses the new Tech Insertion engines we began incorporating in the fleet last year, along with all the engines we currently have on order. It puts Ryanair in a great position going forward because we know exactly what our costs are going to be.”
Mark Tivey said, "We are obviously pleased to sign this extension with Ryanair,” regional general manager of commercial engine for GE Aviation. “The initial contract has been working very well, and provided a firm footing on which to grow our cooperative relationship.”
(c) Centre for Asia Pacific Aviation. Date posted: 18-Jul-08
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Ryanair signs three-year OnPoint agreement extension 
