FARNBOROUGH: GE Aviation secures new OnPoint deals

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GE Aviation has won agreements to provide engine MRO services for three airlines.

The company has signed a deal with Volga-Dnepr Group, which owns cargo carriers Volga-Dnepr Airlines and AirBridgeCargo Airlines, for a 15-year OnPoint solution agreement that will cover the airline's 22 GEnx-2B engines on board its Boeing 747-8 freighter fleet.

The deal is worth more than $300 million and the aircraft are operated by AirBridgeCargo.

US carrier Sun Country Airlines also signed a five-year $60 million OnPoint agreement with GE Aviation for the overhaul of 28 CFM56-7B engines on board its Boeing 787-700s and -800s.

Separately, Panama City-based Copa Airlines has signed a 15-year OnPoint agreement for the MRO of 112 CFM56-7B engines on its 737-700s and -800s in a deal worth more than $340 million.