Icelandair signs TrueChoice Transitions agreement with GE

March 7, 2017

Icelandair signed a TrueChoice™ Transitions agreement with GE Aviation for a custom ordered CF6-80C2 spare engine. This agreement follows a TrueChoice Transition agreement between Icelandair and GE signed last year for the maintenance of CF6-80C2 engines that power the airline's four Boeing 767 aircraft.

"We were greatly impressed by the speed and flexibility that GE Aviation demonstrated with this TrueChoice Transition agreement," said Unnar Sumarlidason, Engineering manager, Icelandair. "GE was willing to build us a spare engine to order that will help us as we grow our fleet, and we are pleased with the level of support that GE has shown."

"GE's TrueChoice Transitions agreements are designed to help customers through an engine's changing ownership horizon, and we are delighted to support Icelandair and its growing CF6-80C2 engine fleet," said Jean Lydon-Rodgers, president and chief executive officer of GE Aviation's Services organization.

Headquartered at Reykjavik Airport, Icelandair offers one-stop transatlantic service connecting Iceland to 18 gateways in North America and 26 destinations in Europe.

The TrueChoice suite of engine maintenance offerings for commercial aviation industry emphasizes the breadth and depth of capabilities and customization across the entire engine lifecycle. The TrueChoice suite includes:

  • TrueChoice Flight Hour provides customized offerings that help optimize cost of ownership over the entire engine lifecycle with flexible risk transfer and payment options.
  • TrueChoice Overhaul provides time and material overhauls with tailored workscopes specific to shop visit objectives, economic priorities and ownership horizon - whether for one engine or an entire fleet.
  • TrueChoice Material provides high-quality new and used OEM parts, advanced repairs and technology upgrades for airlines and MROs that enhance engine performance over the lifecycle and support higher engine residual value.
  • TrueChoice Transitions provides a broad range of options for changing ownership horizons, including green time leases, exchanges and material buy-back, plus custom workscopes with shorter builds and maximum used material. For lessors, GE offers products specifically designed to accommodate a change in owner or operator.

Each TrueChoice offerings is underpinned by GE Aviation's emerging capability and experience with using data and analytics to offer new insights to reduce maintenance burden and service disruptions for our customers.