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 4679 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
Global brands with lowest cost at Karama Ware house sale from this Thursday [30866-Views]
Glam's Makeup Launches in the Middle East [17129-Views]
Review: Facial with Dr Renaud's range at Nazih [16488-Views]
Glasshouse Collection from Olivia Burton [15470-Views]
Hour Choice presents Coach New York Collection [12767-Views]
Prevention, Not Cure: Kaya's ‘Hair Strength Therapies' Set to Rid the Gulf of its Hair Pro... [12542-Views]
Matthew Fitzpatrick Wins the 2018 Omega European Masters [11242-Views]
Executive Tourbillon Free Wheel [11139-Views]
Introducing New Make-up From Rodial That You Need In Your Kit [10962-Views]
Australia's Number No.1 Natural Skincare Brand* Partners With Jessica Kahawaty [10742-Views]
Rado reimagines a bold 1960s classic for the 21st Century [8814-Views]
Scuderia Ferrari presents Fall winter collection [8662-Views]
Kate Spade New York Presents Debut Collection From Creative Director Nicola Glass at the ... [7906-Views]
Introducing VK Beauty Lounge & Bar [7637-Views]
Alina Anwar Couture Launches in UAE [7168-Views]
Introducing Home Fragrance at Robinsons, Dubai Festival City [7131-Views]
Rolls-Royce Motor Cars Takes the Luxury of Privacy to a New Level [6551-Views]
British Classics Make a Comeback in Jack Wills AW18 Collections [6521-Views]
Tata Communications Strengthens Cyber Defence in the Middle East with the Launch of its Cy... [6515-Views]
Facebook Launches Community Help on Facebook Lite [6405-Views]
NARS Erdem SS19 Beauty Report [6130-Views]
Bring a Touch of Sophistication to Your Home with The Exclusive SmegXDolce&Gabbana Collect... [6002-Views]
Dubai Culture Organises ‘Writing Literature Novels and Editing them as Play Scripts' as pa... [5917-Views]
Roberto Cavalli's Exclusive Duo of Fragrances [5789-Views]
Defying Age With Skin Republic's Gold and Platinum Face Masks [5630-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories