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TAM Signs a 12-Year OnPoint Solution Agreement for Its GE90 Engine Fleet

Written by thomas · Filed Under Commercial 

June 18, 2009

thomas

LE BOURGET-June 16, 2009-TAM S.A., Brazil’s largest airline, has signed
a memorandum of understanding (MOU) with GE Aviation for a 12-year
OnPointSM solution agreement for the maintenance, repair and overhaul of
its GE90-115B engine. The engines power TAM’s 10 Boeing 777-300ER
aircraft. The OnPoint solution agreement is valued at $345 million over
the life of the contract.

“GE’s GE90-115B engines have demonstrated outstanding fuel burn and low
emissions, which are very important to our airline,” said TAM CEO David
Barioni Neto. “This OnPoint agreement will ensure our GE90-115B engines
remain in top condition with high-quality OEM service and material.”

“We are pleased TAM has the continued confidence in GE Aviation to sign
this OnPoint solution agreement for its new GE90 engine fleet,” said
Kevin McAllister, vice president and general manager of sales for GE
Aviation. “GE Aviation has been the MRO provider for TAM’s CF6-80E1
engines and CFM56-5B* engines for several years, and we look forward to
providing the same high-quality service and support to its GE90-115B
engines.”

TAM is the first Latin American airline to operate the GE90-115B-powered
Boeing 777-300ER. The first aircraft was delivered in August 2008. TAM
operates its 777-300ERs on international flights within South America
and to Europe.

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.

GE Aviation, an operating unit of General Electric Company (NYSE: GE),
is a world-leading provider of commercial and military jet engines and
components as well as avionics, electric power, and mechanical systems
for aircraft. GE Aviation also has a global service network to support
these offerings.

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