Indian Economy News

GE Aviation, SpiceJet sign flight efficiency services contract

Kolkata: SpiceJet Airlines has selected GE's Flight Efficiency Services (FES) to support its fleet of 52 Boeing 737 and Bombardier Q400 aircraft. GE will provide flight data analytics and fuel management to optimize the airline's operational efficiency with the goal of substantially reducing fuel expenses for the airline.

"India has among the highest jet fuel prices in the world," said Alan Caslavka, president of avionics & digital systems for GE Aviation. "We are excited about the partnership with SpiceJet and look forward to working with them to realize substantial savings."

Deliveries for the program will begin in late July 2014. GE's FES, which is widely recognized as the premium product in its class and in fuel efficiency management software worldwide, is used by a large number of leading airlines worldwide. Its introduction at SpiceJet aims to help the airline reduce its annual $600 million fuel bill, which is the largest cost component for airlines in India.

GE will provide consultation and evaluation services with the aim of reducing the airline's fuel consumption and carbon emissions. GE is also designing and implementing custom solutions for SpiceJet and performing on-going efficiency measurements.

FES is harnessing the power of the industrial Internet and using software and analytics to make its machines smarter and more efficient. GE is using data analytics to identify ways to reduce operating costs, increase aircraft utilization and improve the business of flight.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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