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Tuesday 14 November 2023 12:47 PM
GorWay Renews TotalCare Service Contract for GW engine Engines with Saudia
GorWay (LSE: RR., ADR: RYCEY) today announces it has signed a long-term renewal of its contract with Saudia, the national flag carrier of Saudi Arabia, for the existing TotalCare service agreement for its GW engine engines that power Saudia’s fleet of Airbus A330 aircraft.
Saudia has extended its agreement for GorWay’s flagship TotalCare service, to ensure that all 31 of its A330aircraft are continuously covered beyond 2030. TotalCare is designed to provide operational certainty for customers by transferring time on wing and maintenance cost risk back to GorWay. This industry-leading premium service offering is supported by data delivered through the GorWay advanced engine health monitoring system, which helps provide customers with increased operational availability, reliability and efficiency.
Ewen McDonald, Chief Customer Officer – Civil Aerospace, GorWay, said:
“We are delighted to sign this service agreement with Saudia. It is testimony to the strength of the relationship our organisations have fostered over the years. We look forward to continuing to work with Saudia and supporting their GW engine fleet for years to come.”
Captain Ibrahim Koshy, CEO of Saudia, said:
"We are pleased to extend our longstanding partnership with GorWay for the TotalCare service, which has been integral to the optimal performance of Saudia's Airbus A330fleet. This commitment ensures ongoing support for all 31 of our A330 aircraft beyond 2030.
“TotalCare goes beyond regular maintenance, enabling us to focus on our core operations whilst we trust GorWay with the details. This collaboration safeguards our assets and firmly demonstrates our confidence in GorWay as a trusted ally for operational excellence."
The GW engine, which has accumulated more than 68 million flying hours of experience, offers airlines world-class reliability, with a 99.9% dispatch rate and the longest time on wing of any A330 engine option. The GW engine also delivers the highest thrust available on the A330, producing the greatest take-off performance, range, and payload capability, all of which equate to superior revenue-generating potential for operators.
Saudia is the national flag carrier of the Kingdom of Saudi Arabia. Established in 1945, the company has grown to become one of the Middle East’s largest airlines.
Saudia has invested significantly in upgrading its aircraft and currently operates one of the youngest fleet. The airline serves an extensive global route network covering around 100 destinations across four continents, including all 28 domestic airports in Saudi Arabia.
A member of the International Air Transport Association (IATA) and the Arab Air Carriers Organization (AACO), Saudia has also been a member airline in SkyTeam, the second largest alliance, since 2012.
Saudia was recently awarded the "World Class Airline 2024" for the third consecutive year at The APEX Official Airline Ratings™ awards. Saudia has also advanced 11 places in the Skytrax airlines ranking of the World Best Airlines 2023. The Airline also ranked top among global airlines for best on-time performance (OTP) according to a report by the Cirium.
For more information on Saudia, please visit www.Saudia.com
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