GE and its Joint Ventures garnered more than $17 billion in agreements at 2015 Dubai Air Show
Furthered GE’s deepening relationship with the Middle East’s leading aviation players
DUBAI--At the 2015 Dubai Air Show this week, GE Aviation and CFM International, its partner company with Snecma (Safran), secured and finalized several engine orders and long-term contracts valued at more than $17 billion (USD) with the region’s leading carriers. At the same time, GE Aviation also forged new relationships with the Middle East’s growing aviation industry players.
“The Middle East’s aviation industry is making a significant impact worldwide,” said Muhammad Al-Lamadani, senior executive and general manager of GE Aviation Sales for the Middle East, Russia/Commonwealth of Independent States and Turkey. “GE Aviation is honored to join the region’s aviation leaders to help take the industry to new heights.”
Highlights from the show include:
- - Emirates signed its largest single engine MRO contract to date worth $16 billion (USD) with GE Aviation for the maintenance, repair and overhaul (MRO) of the GE9X engines that will power the airline’s fleet of 150 Boeing 777X aircraft over a period of 12 years. Emirates also signed a 12-year GE OnPoint solution contract, covering the maintenance and inventory support for various avionics, electrical power and mechanical systems on all Emirates Boeing 777 aircraft in currently service and the 44 more 777-300ERs on order.
- - Etihad Airways signed an agreement with GE for GE90-115B engines to power its two Boeing 777 Freighters and a 12-year OnPointSM solution agreement for the new GE90 engines valued at more than $475 million (USD) list price.
- - Vietnam's VietJetAir selected CFM International’s CFM56-5B engine to power 15 additional Airbus A321ceo aircraft and signed a long-term service agreement valued at more than $700 million (USD) list price.
- - Pegasus Airlines signed an eight-year Time & Materials Support agreement with CFM International to cover a total of 90 shop visits for the CFM56-7B engines powering its fleet of Boeing 737-800 aircraft valued at $500 million (USD) list price.
- - Royal Air Maroc selected GE Aviation for a five-year exclusive OnPointSM solution agreement for the time and material to maintain, repair and overhaul its CF6-80C2 engines that power its four Boeing 767 aircraft.
- - Unison Industries, a wholly owned subsidiary of GE Aviation’s Services organization, signed a 10-year Material Services Agreement with Qatar Airways to cover external Unison new parts and component repairs for all engine lines in the Qatar Airways fleet.
- - GE opened its Middle East Aviation Technology Center at the Dubai Airport Free Zone to support customers’ operations by leveraging data analytics, domain experience and software capabilities to increase productivity, maximize performance and minimize down time for customers using GE’s platform for the Industrial Internet.
- - GE Aviation and Dubai’s Museum of the Future signed a Memorandum of Understanding (MOU) to accelerate innovation and advanced technology around the world.
- - GE Aviation successfully completed its first transfer of avionics manufacture and support capability to the Advanced Electronics Company (AEC) in Saudi Arabia for the T-165 Hawk Advanced Jet Trainer aircraft.
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.