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GE and Iberia sign MOU for services agreement
Thursday, September 25, 2008
GE Aviation and Iberia have signed a memorandum of understanding (MOU) for Iberia to 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 MRO services on CFM56-5A engines operated by customers in the region. Iberia will enter into an OnPoint solution agreement with GE for material & services to be used in the maintenance, repair and overhaul of the CFM56-5A engines.

“Iberia is a well established MRO provider,” said Tom Gentile, vice president and general manager of GE Aviation’s Services organization. “The MOU 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 high-quality OEM spare parts and repair offerings that GE Aviation can provide.”

Manuel Lopez Aguilar, General Director of Iberia Maintenance & Engineering said: “The signature of this agreement represents for Iberia Maintenance a big step ahead in our strategy to be one of the top leaders of engine maintenance service providers. Being a member of the GE network demonstrates that you have attained the highest standards of quality, efficiency and customer support, and this is the commitment of Iberia to our customers and GE”.

“The agreement represents a new step in the very fruitful long term relationship between GE and Iberia Maintenance, established over many years. The CFM56-5A agreement will be the first project of deep co-operation that may be extended in the future for other products of the CFM and GE engine families. As part of this agreement Iberia Maintenance will continue investing in new technologies and improvements in processes and procedures in order to maintain our competitiveness and increase customer satisfaction”, added Lopez Aguilar.

 

Vicky Karantzavelou - Thursday, September 25, 2008
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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