Volga-Dnepr Group and GE announce global strategic partnership

Volga-Dnepr Groupand GE Aviation today signed a Memorandum of Understanding (MoU) to develop a strategic partnership that will utilize the two companies’ unique strengths and expertise to develop collaborative solutions to benefit each company and their customers. The partnership covers the expansion of Volga-Dnepr Group’s TrueChoice Flight Hour agreement with GE for the maintenance, repair and overhaul of 88 additional GEnx-2B engines that power its Boeing 747-8 Freighters. The TrueChoice Flight Hour agreement is valued at close to US$1.4bn over the life of the contract. In addition, the MoU incorporates a long-term Logistic Support Program in which Volga-Dnepr Group’s Boeing 747-8F and An-124 freighters will provide transportation support for GE Aviation.