Dubai PR Network, Online Press Release from Dubai and Middle East
 
Aviation, Airline & Aerospace(Travel & Tourism)
Filter PR by
  
IATA, CFM International Sign Pro-Competitive Agreement on Engine Maintenance
 
Dubai, UAE, August 01, 2018:  The International Air Transport Association (IATA) announced that it has entered into an agreement with CFM International (CFM) that will lead to increased competition in the market for maintenance, repair and overhaul services (MRO) on engines manufactured by CFM, a 50/50 partnership between GE and Safran Aircraft Engines.
 
“Airlines spend a tremendous amount of money on the maintenance and repair of aircraft and engines to ensure we are always operating to the highest levels of safety and reliability. This milestone agreement with CFM will lead to increased competition among the providers of parts and services related to the servicing of CFM engines. We expect increased competition will reduce airline operating costs and help to keep flying affordable. And we hope that this agreement will be an example for other manufacturers to follow,” said Alexandre de Juniac, IATA’s Director General and CEO.
 
Under the agreement, CFM has adopted a set of “Conduct Policies” that will enhance the opportunities available to third-party providers of engine parts and MRO services on the CFM56 and the new LEAP series engines. Among the many elements of the agreement, CFM has agreed to: 
  • License its Engine Shop Manual to an MRO facility even if it uses non-CFM parts
  • Permit the use of non-CFM parts or repairs by any licensee of the CFM Engine Shop Manual
  • Honor warranty coverage of the CFM components and repairs on a CFM engine even when the engine contains non-CFM parts or repairs
  • Grant airlines and third-party overhaul facilities the right to use the CFM Engine Shop Manual for without a fee
  • Sell CFM parts and perform all parts repairs even when non-CFM parts or repairs are present in the engine
The agreement includes specific provisions ensuring the implementation of CFM’s commitments with regard to CFM56 series engines which power some 13,400 single-aisle aircraft flying today. CFM has, however, committed to apply the agreement to all commercial engines produced by the company, including engines in its new LEAP Series. GE, moreover, has agreed to apply the Conduct Policies to other commercial aircraft engines that it produces in its own right.
 
Beneficiaries of the agreement include IATA, CFM’s airline customers, aircraft lessors, third-party MRO facilities and parts manufacturers.
Based on the agreement, IATA has withdrawn a formal complaint it filed with the Competition Directorate of the European Commission in March 2016.  


Posted by : Dubai PR Network Editorial Team
Viewed 6210 times
PR Category : Travel & Tourism
Posted on : Wednesday, August 1, 2018  11:24:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Emirates adds frequencies to the Netherlands
Next Story : Emirates Skywards expands loyalty programme to include both ...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Purely Pandora Classics With a Twist [30939-Views]
Tryano Launches Elemis [26492-Views]
Festive Gifting Guide [25913-Views]
New 1948 Seamaster Watches Join the Ranks [25010-Views]
Add a festive sparkle to your eyes with Palladio Beauty [24784-Views]
The Geo-Graham Orrery Tourbillon presents a galaxy you can reach out and wear Geo-Graham O... [24266-Views]
Amp up your skincare routine with The Organic Pharmacy's new corrective serums [23284-Views]
Parmigiani Fleurier, new Friends of the Brand – ice-hockey superstar, Evgeniy Malkin and T... [21380-Views]
Hour Choice presents Coach Park Collection [20008-Views]
Certina DS PH200M collection [19288-Views]
Joyalukkas brings joy to hundreds around the world with gold bar giveaway this festive sea... [18623-Views]
Tissot T-Race Marc Marquez [18001-Views]
LACOSTE presents its new Legacy collection [16751-Views]
Oh So Heavenly! Bath Sets from Glambeaute.com that make a great gift this festive season [14994-Views]
Souq.com's Biggest Ever White Friday Sale [9894-Views]
Discovering the power of Accessorizing with Rebecca Minkoff [8784-Views]
Kors Dubai: Michael Kors Celebrates A New Middle East Flagship Store and Special-edition ... [7235-Views]
Puma Launches RS-X Toys [6826-Views]
The Ultimate Festive Guide For Little Ones [6740-Views]
Introducing Nokia 3.1 Plus to the UAE [6716-Views]
Zoho launches its cloud accounting software in Bahrain [6686-Views]
Introducing the GUESS Holiday 2018 Collection [6673-Views]
Puma Drops Cali in New Colorway [6356-Views]
The Custodian of the Two Holy Mosques King Salman bin Abdulaziz honored Huawei with the Fi... [6332-Views]
Jaguar F-Type Rally Cars Celebrate 70 Years of Sports Car Heritage [5429-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories