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Sama signs an agreement with GE for $51m

  • Saudi Arabia: Sunday, November 18 - 2007 at 16:02
  • PRESS RELEASE

Sama, the new low-fare carrier in Saudi Arabia, has signed a 10-year, OnPointSM solution agreement with GE for the maintenance, repair and overhaul of its CFM56-3 fleet.

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  • Prince Bander bin Khaled Al-Faisal, Chairman of Sama with GE representative.
    Prince Bander bin Khaled Al-Faisal, Chairman of Sama with GE representative.
The agreement is valued at more than $51m over the life of the contract.

"Sama is continuing its strategic plan to expand the world leading partners, to provide high quality of services and support Sama fleet that enables operating efficiently at lower cost. This agreement with GE is important to Sama, to improve and upgrade its operations and engine maintenance levels for the next 10 years'' Said Andrew Cowen, CEO for Sama.

"This agreement with Sama will ensure the airline receives the highest quality service offerings as well as OEM material to help keep the engine on wing longer with the best fuel efficiency," said Muhammad Al-Lamadani, Sales General Manager for GE Aviation.

Sama had its inaugural flight On March 2007, and now operates 6 aircraft covers 12 domestic destinations across Saudi Arabia, And has plans to expand fleet to 35 aircraft at 2010

OnPoint solutions are flexible, long-term commitments designed to meet customers' unique engine services needs. Backed by GE's world-class support, these solutions help lower our customers' cost-of-ownership and maximize the use of their assets. Available OnPoint services include overhaul, on wing support, new and used parts, component repair, technology upgrades, engine leasing and diagnostics.
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Notes and media contacts

About Sama:
For more information, visit us at www.flysama.com

About GE Aviation:
GE Aviation, an operating unit of General Electric Company (NYSE: GE), is a world-leading provider of commercial and military jet engines and components as well as integrated digital, electric power, and mechanical systems for aircraft. GE Aviation also has a global service network to support these offerings. For more information, visit us at www.ge.com/aviation

For further information, contact:
Rick Kennedy (513) 243-3372
Deb Case (513) 243-0094
Faisal Al-Duhaim(966) 1-2036166
Naif Abu-Saida (966) 1-2036163

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