PHOENIX, April 8, 2014 – Boeing and Air France Industries KLM Engineering & Maintenance have ratified a long-term renewal of their joint 777 Component Services Program (CSP). The extension of the CSP was announced on the opening day of the MRO Americas conference in Phoenix.

The Component Services Program is a parts-provisioning program that significantly reduces the airline’s up-front investment in spare parts and offers a quick and reliable supply of critical parts from a pool shared by participating 777 operators.

“Over the years, the Boeing 777 Component Services Program has demonstrated its economic competitiveness, reliability and excellent technical quality,” said Bernard Hensey, vice president of Fleet Management, Commercial Aviation Services, Boeing Commercial Airplanes. “We’re delighted to renew a program that is a significant part of Boeing’s commitment to delivering a competitive advantage to customers in today’s complex aviation industry.”

“This renewal is the logical outcome of the Component Services Program’s tremendous commercial success since its inception,” said Franck Terner, Executive Vice President, Air France KLM Engineering & Maintenance. “It also means renewed recognition of AFI KLM E&M’s quality and technical expertise. The program demonstrates the trust Boeing places in our MRO services, and the trust of our Component Services Program client airlines.”

Since the launch of the 777 CSP in 2003, 47 percent of all new 777 operators have opted to take part. To date, 18 airlines are under contract for a total of 177 aircraft supported. In 2013, in addition to signing up Garuda Indonesia for ten aircraft, the 777 CSP also renewed existing contracts with TAAG Angola Airlines, Kenya Airways and Ethiopian Airlines.