Emirates Orders $3 Billion in GE90 Engines and Services for 30 Boeing 777 Aircraft
FARNBOROUGH AIR SHOW -- July 19, 2010 -- Emirates has ordered 30 GE90-115B-powered Boeing 777-300ER aircraft. The engine order, including spare engines, is valued at $2 billion (USD) list price. Deliveries will begin in late 2011.
Emirates has also signed a 12-year OnPointSM solution services agreement for the maintenance and overhaul of its GE90-115B engines. The contract is worth more than $1 billion (USD) over its life.
"The GE90-115B engine offers significantly improved fuel efficiency, lower noise levels and reduced emissions, which Emirates requires as we continue to build our fleet of long-haul aircraft for the future," said His Highness (H.H.) Sheikh Ahmed Bin Saeed Al-Maktoum, Chairman and Chief Executive, Emirates Airline and Group.
"Emirates is the largest operator of GE90-powered Boeing 777 aircraft," said David Joyce, president and chief executive officer of GE Aviation. "Today's order is another affirmation of the trust Emirates has in the aircraft-engine combination, and we look forward to ensuring the GE90 engine continues to provide outstanding performance to the airline."
Emirates and GE Aviation have established a strong relationship. As one of the world's fastest growing international airlines, Emirates operates eight CFM56-powered A340s and 65 GE90-powered 777-300ERs/-200LRs, with additional GE90-powered 777 aircraft and GEnx-powered Boeing 747-8 aircraft on order. The airline is also the largest customer for the Airbus A380 and the Engine Alliance's GP7200 engines with 90 A380s on order.
At 115,000 pounds of thrust, the GE90-115B engine includes such performance-enhancing features as three-dimensional aerodynamic (3-D aero) compressor and wide-chord, swept composite fan blades for greater efficiency. The dual annular combustor emits no more than 40 percent of the hydrocarbons allowed by today's international standards.
The GE90-115B engine has proven to be tremendously popular with customers around the world, with more than 1,100 engines being sold. Snecma of France, Avio SpA. of Italy, and IHI of Japan are revenue-sharing participants in the GE90 program. The GE90-115B is part of GE's "ecomagination" product portfolio -- GE's commitment to develop new, cost-effective technologies that enhance customers' fuel efficiencies and operating performance.
OnPoint solutions are customized service agreements tailored to the operational and financial needs of each customer for any size fleet. These agreements are designed to help lower the customers' cost of ownership and maximize the use of their assets.
GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, components and integrated systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings.
SMOnPoint is a service mark of General Electric Company.