GE Aviation and its Joint Venture Announce $5.6 billion in deals at Singapore Airshow

February 19, 2016

SINGAPORE AIR SHOW -- At the Singapore Airshow 2016, GE and CFM International, GE’s 50/50 joint venture with Snecma (SAFRAN) of France, garnered more than $5.6 billion in engine and services announcements, including:

 

  • Transportation Partners, the leasing arm of Lion Group, ordered for 348 LEAP-1A engines to power 174 firm Airbus A320neo aircraft. The value of the installed and spare engines is US$4.9 billion list price.

 

 

  • Singapore Airlines signed an extension to its OnPointSM solution agreement for the maintenance, repair and overhaul of GE90-115B engine that power 19 of its Boeing 777-300ER aircraft.

 

 

  • Qingdao Airlines selected CFM56-5B engine to power five Airbus A320ceo aircraft. The order is valued at $100 million U.S. at list price.

 

 

China Airlines signed a 15-year OnPointSM materials solution agreement for the airline’s fleet of CF6-80E engines that power its Airbus A330 fleet.

 

  • Colorful Guizhou Airlines in China reached a 10-year OnPointSM solution agreement for the maintenance, repair and overhaul of the CF34-10E engine fleet powering its seven EMBRAER 190 aircraft. The agreement is valued at more than $56 million (USD) over the life of the agreement.

 

Along with the announcements, GE Aviation celebrated the 35th anniversary of GE Aviation Engine Services – Singapore, its MRO (maintenance, repair and overhaul) facility in the Loyang estate. Opened in 1981, GE Aviation Engine Services – Singapore consists of two facilities with a combined staff of 1,500 who perform state-of-the-art repair and overhaul processes on compressor & turbine airfoils, combustors and rotating parts on a wide range of GE and CFM aircraft engines as well as industrial aeroderivative engines.

At this week’s 35 year anniversary celebration, GE announced plans to invest $110 million in the facility during the next decade. The $110 million investment will fund several projects, including a Lean Lab for Advanced Manufacturing, an Asia-Pacific Center of Excellence for the repair of current products, an Advanced Technologies Center (ATC) for research and development on new processes and advanced technologies and an Automation & Robotics Center of Excellence (AR CoE).

GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, components, integrated digital, avionics, electrical power and mechanical systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings and is part of the world’s Digital Industrial Company with software-defined machines and solutions that are connected, responsive and predictive.

SMOnPoint is a service mark of GE.