A subsidiary of Saudi Arabian Airlines Corporation, flyadeal, has signed an overhaul agreement with GE Aviation for some of its fleet, the low-cost carrier announced on Sunday.
The deal, which will cover the CFM56-5B engines that power the airline’s 11 A320-200 aircraft, was signed during the first day of the Dubai Airshow, the first in-person event for the aerospace industry since the COVID-19 pandemic.
The agreement will include maintenance, repair and overhaul services, as well as the supply of material to support the budget airline’s growth in the Middle East.
GE Aviation and flyadeal did not disclose the value of the transaction.
“We are delighted to be working with GE Aviation in developing its first integrated turn-key engine services programme which addresses the complete A to Z needs of Flyadeal under a single vendor agreement between [the two entities],” Mike Hewitt, Chief Operating Officer of Flyadeal said.
Flyadeal is a low-cost carrier that was created as part of Saudia Group’s transformation strategy. The airline launched operations in 2017.
(Writing by Cleofe Maceda; editing by Seban Scaria)
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