Spring Airlines signs 15-year OnPoint solution agreement

Chinese low-cost carrier Spring Airlines has signed a 15-year OnPointSM solution agreement with GE Aviation’s Services business for the maintenance and overhaul of the CFM56-5B engines that power the airlines fleet of Airbus A320 aircraft. The agreement, which covers the engines powering the airline’s recently announced fleet of 10 purchased A320 as well as 20 leased aircraft, is valued at more than $200 million of the life of the contract.