June 27, 2008

Boeing to Manage Spares and Components Inventory for Caribbean Airlines

Boeing and Caribbean Airlines have signed an agreement, pursuant to which the aircraft manufacturer will manage spare parts and components inventory for the airline.

The Boeing 737 Component Services Program (CSP) is a materials management and supply-chain solution designed to help airlines reduce costs, enhance efficiency and improve spare parts availability.

Boeing guarantees that Caribbean Airlines will have working replacements for failed parts within 24 hours without having to stock up on spares or pay long-term holding costs.

Ian Brunton, executive vice president of operations at Caribbean Airlines, said: "Caribbean Airlines values its collaboration with Boeing that includes the maintenance performance toolbox, the class-2 electronic flight bag from Boeing's Jeppesen subsidiary, assistance with business process re-engineering for our maintenance and engineering department, and now the 737 CSP."