AirAsia this week signed an OnPoint Solution engine service agreement with GE Transportation – Aircraft Engines for the maintenance, overhaul and repair of 120 CFM56-5B6 engines that will power the airline’s new fleet of Airbus A320-200 aircraft. The 20-year agreement is worth approximately $1.5 billion.
In 2002, AirAsia signed a five-year material agreement with GE to support the airline’s CFM56-3 engines powering its fleet of Boeing 737-300 aircraft.
The CFM56-5B engines, which will enter the airline’s fleet between 2006 and 2010, will be maintained and overhauled at GE Malaysia’s overhaul facility at
GE Malaysia is a joint venture with Malaysia Airlines (MAS) and is
GE said in a statement that OnPoint services include overhaul, on-wing support, new and used parts, component repair, technology upgrades, engine leasing and diagnostics.