On the basis of this agreement, IATA also withdrew a formal complaint it lodged with the European Commission`s Competition Directorate in March 2016. UPDATE: According to MRO Network, the trade agreement between IATA and CFMI will enter into force on February 28, seven months after it was signed. Since IATA announced in July an agreement with CFM International to open the extraction services market on the manufacturer`s engines to increased third-party competition, important discussions have taken place on whether the agreement constitutes a change in the support policy of the GE-Safran joint venture. The Aviation Association says airlines, owners, third-party suppliers and parts suppliers will benefit from the new agreement. IATA Director General Alexandre de Juniac said in July that the agreement “reduces the operating costs of airlines and… continue to remain affordable.” GE Aviation has committed to adopting the behaviour policy “voluntarily” for its own range of civilian engines, although it is “not a party” to the IATA agreement, according to the CFM`s mother. Geneva – The International Air Transport Association (IATA) has reached an agreement with CFM International (CFM) that will strengthen competition in the maintenance, repair and overhaul (MRO) market for CFM engines, a 50/50 partnership between GE and Safran Aircraft Engines. In July, IATA expressed hope that the CFM agreement would be “an example for other manufacturers they should follow.” IATA describes the agreement as a basis for “improving the opportunities available to MRO engine and service providers on the CFM56 and the new Leap series.” The pact was an out-of-court settlement and on the condition that the Aviation Association withdrew a complaint to the European Commission in 2016 regarding CFM`s aftermarketing practices. The agreement provides for the opening of CFM to third-party engines and MRO services for its CFM56 and LEAP engines. Resources related to the following contribution have been updated to assist ARSA 2019 participants in executive briefings that will kick off the association`s annual conference on March 12 to prepare a special presentation on the IATA-CFMI agreement.
On the basis of this agreement, IATA withdrew a formal complaint it lodged with the European Commission`s Competition Directorate in March 2016. For more information, please contact: Corporate CommunicationsTel: `41 22 770 2967Email: email@example.com Notices for Editors: To access the agreement via the cfMI website, click here. “We anticipate that increased competition will reduce airline operating costs and help keep the flight affordable. And we hope that this agreement will be an example for other manufacturers,” said Alexandre de Juniac, IATA`s Director General. To read the full version of IATA on the CFMI agreement, click here. “IATA is confident that other OEMs will review this agreement and see how they can apply it to their own after-sales activities,” an IATA official told AIN. The person declined to comment on whether IATA had begun discussions with other OEMs and added that the association remained open to all efforts to compete in the industry. “IATA does not exclude ways to support our members` efforts to ensure a dynamic and competitive market for MRO services,” said the executive. As part of the agreement, CFM reaffirms its commitment to maintaining and promoting strong and open competition in the ORM market. As part of this agreement, CFM reaffirms its commitment to maintaining and promoting strong and open competition in the ORM market, as well as the competitive nature of its MRO model, which serves as a benchmark in the engine industry and has been a key element in the continued success of the CFM product line.