Caribbean Airlines joins Boeing's 737 Component Services Program

Caribbean Airlines has joined Boeing's 737 Component Services Program (CSP), a materials management and supply-chain solution designed to help airlines reduce costs, enhance efficiency and improve spare parts availability.

Under the new agreement, Boeing will manage spare parts and components inventory for the Trinidad and Tobago-based airline until the parts are needed. Boeing guarantees that Caribbean Airlines will have working replacements for failed parts within 24 hours without having to stock up on spares or pay long-term holding costs.

The Component Services Program can help airlines save as much as 30% on inventory, repair and administrative costs.

"Caribbean Airlines values its collaboration with Boeing that includes the Maintenance Performance Toolbox, the Class 2 Electronic Flight Bag from Boeing's Jeppesen subsidiary, assistance with Business Process Re-engineering for our Maintenance & Engineering Department, and now the 737 CSP," said Capt. Ian Brunton, executive vice president Operations, Caribbean Airlines. "We also are proud to be included in the membership of the Steering Committee of the industry-wide Boeing Fleet Team for the Next-Generation 737."

The Component Services Program, which Boeing offers in partnership with KLM Engineering and Maintenance, helps reduce both up-front  parts provisioning and long-term inventory holding costs and guarantees service as good as or better than when the airline managed the spare parts itself.

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