DUBAI -- Dubai Aerospace Enterprise (DAE), the global aerospace manufacturing and services corporation, has ordered 10 GE90-115B-powered Boeing 777-300ER and five GEnx-powered Boeing 747-8 freighters. The engine orders are valued at a combined total of more than $770 million (USD) at list price.
Bob Genise, CEO of DAE Capital, the Dubai-based group's aircraft, leasing and finance business, said, "This deal, as part of a 100 aircraft order from Boeing, demonstrates our aim to quickly establish DAE Capital as a world-class aircraft leasing business."
"GE is very pleased with this engine order from DAE," said Scott Donnelly, president & CEO of GE Aviation. "We will work with the company to ensure full support for the engines as well as help as they place the aircraft with operators in the region."
Based in Dubai, one of the fastest growing cities in the world, DAE is situated at the heart of one of the world's most dynamic regions and is ideally positioned to shape the trends that will decide the future of the aerospace industry. DAE is developing an integrated aerospace cluster that will eventually be based at Dubai World Central - the new 140 square kilometre airport and logistics city being constructed at Jebel Ali, Dubai, in the United Arab Emirates. DAE has formed six core divisions spanning research and development, manufacturing, engineering, operations, maintenance, repair and overhaul, education, aircraft leasing and aerospace services.
Based on the highly successful GE90 architecture, the GEnx engine is one of the most fuel-efficient and lowest emissions jet engines ever. The GEnx engine will power both the Boeing 787 Dreamliner and the 747-8 Intercontinental. It will succeed GE's CF6 family, the best-selling engine on wide-body aircraft. More than 1,000 GEnx engines have been sold to 33 customers, making it the fastest-selling large engine in GE Aviation history.
The GEnx completed its flight test program this summer on GE's 747 flying test-bed, which validated the GEnx-1B engine's performance in real world flight conditions. Certification tests for vibration, emission, bird ingestions and fan blade containment were also completed with very positive results.
IHI of Japan, TechSpace Aero of Belgium, Avio SpA. of Italy, Volvo Aero of Sweden and Samsung Techwin of Korea are revenue-sharing participants in the GEnx program.
The world's largest and most powerful engine, the GE90-115B, celebrated one million successful hours of flight in May. The engine is one the quietest based on per pound of thrust with superior fuel burn and low overall emissions due in part to its improved combustor. The combustor technology emits no more than 40 percent of the hydrocarbons that will be allowed by 2008 international standards. More than 225 GE90-115B engines are in service with 14 operators around the world.
Snecma of France, Avio SpA. of Italy, and IHI of Japan are revenue-sharing participants in the GE90 program.
The GEnx and GE90 engines are part of GE's "ecomagination" product portfolio--GE's commitment to develop new, cost-effective technologies that enhance customers' environmental and operating performance.
GE Aviation, an operating unit of General Electric Company (NYSE: GE), is a world-leading provider of commercial and military jet engines and components as well as integrated digital, electric power, and mechanical systems for aircraft. GE Aviation also has a global service network to support these offerings.