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Southwest Airlines signs USD1.5 billion OnPointSM Solutions agreement with GE

Analysis

EVENDALE (GE Transportation) - Southwest Airlines and GE-Aviation's Engine Services operation have signed an innovative new eight-year OnPointSM Solutions service agreement valued at $1.5 billion for the overhaul and maintenance of the airline's fleet of nearly 600 CFM56-7B* engines (in service or on order).

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