September 25, 2008

GE Aviation, Iberia Sign MRO Services Agreement

US-based GE Aviation and Spanish airline Iberia have signed a memorandum of understanding, pursuant to which Iberia will become the preferred regional fulfillment center for the maintenance, repair and overhaul of CFM56-5A engines within Europe, Africa and the Middle East.

Under this agreement, GE Aviation will contract with Iberia for maintenance, repair and overhaul (MRO) services on CFM56-5A engines operated by customers in the region.

Iberia will enter into an OnPoint solution agreement with GE for material and services to be used in the maintenance, repair and overhaul of the CFM56-5A engines.

Tom Gentile, vice president and general manager of GE Aviation's services organization, said: "The memorandum of understanding and subsequent OnPoint solution material agreement will allow CFM56-5A customers in Europe, Africa and the Middle East to have their engines repaired by Iberia and have access to the same original equipment manufacturer spare parts and repair offerings that GE Aviation can provide."