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LAN Signs MOU for 12-Year OnPoint Solution Agreement for Its GE90 Engine Fleet

Written by thomas · Filed Under Commercial 

June 16, 2009

thomas

LE BOURGET-June 16, 2009-LAN Cargo 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 GE90-110B
engine that power its four Boeing 777 Freighters. The OnPoint solution
agreement is valued at $135 million over the life of the contract.

“GE Aviation has provided engine maintenance, repair and overhaul
services for LAN Airlines CF6-80C2 and CFM56-5C* engines for several
years,” said Doug Izarra, regional general sales manager for Latin
America and the Caribbean for GE Aviation. “We are pleased the LAN Cargo
has selected GE as the MRO provider for its GE90 engine fleet and look
forward to providing outstanding service and support.”

Headquartered in Santiago, Chile, LAN Cargo is part of LAN Airlines, one
of the largest airlines in Latin America. LAN Airlines offers its Latin
American passengers one of the most modern air fleets in the world with
84 passenger aircraft and 11 cargo aircraft. In November 2008, GE
recognized LAN for achieving 1.5 million flight hours with its GE’s
reliable CF6-80C2 engine fleet that powers its Boeing 767 aircraft.

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.

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