Jet signs agreement with GE on aircraft engine repair

Image
Press Trust of India New Delhi
Last Updated : Jan 24 2013 | 2:11 AM IST

The 10-year 'OnPointSM solution agreement' would cover the new CF6-80E engines that would power the nine A-330s, the airline said in a statement today, adding that the agreement was valued at USD 150 million.

The private carrier already has a similar agreement to maintain, repair and overhaul same engines fitted in ten A 330-200 planes Jet already operates, it said.

"GE's OnPoint solution agreement is a comprehensive engine maintenance solution that maintains our engines to ensure the superior operational reliability for which Jet Airways is highly regarded," Jet CEO Nikos Kardassis was quoted as saying.

GE Vice President (South Asia) Nalin Jain said his company was "honoured by the continuing faith reposed in us by Jet Airways in selecting GE as the engine of choice for their Airbus A330 aircraft."

Jet Airways and its low cost brand, JetKonnect, operate a modern jet fleet of GE90-powered Boeing 777-300ER, CFM56- powered Boeing 737 Next Generation and CF6-powered Airbus A330.

  

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 09 2012 | 6:35 PM IST

Next Story