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Emirates, Etihad Airways and Qatar Airways order USD26bn worth of engines from GE

18-Nov-2013 10:15 AM

GE received (17-Nov-2013) orders for jet engines and services worth USD26 billion at list prices on 17-Nov-2013, including orders for 450 GE9X engines, currently under development for the Boeing 777X. The orders are as follows:

  • Emirates provided GE's largest ever commercial jet engine order from an airline, comprising 300 GE9X engines in an agreement worth more than USD11 billion. Emirates chairman and CEO Sheikh Ahmed bin Saeed Al-Maktoum said, "We are pleased to expand upon our strong relationship with GE Aviation for this 777X aircraft order of great strategic importance to our airline." GE Aviation president and CEO David Joyce said, "Emirates is critical in enabling GE to demonstrate and improve upon its high-thrust engine technologies. The success in service of the GE90-powered 777-300ER paved the way for the industry’s enthusiasm for the GE9X-powered 777X";
  • Etihad Airways made orders valued at more than USD3 billion, including GE9X engines for 25 777Xs, GEnx-1B engines for 30 787-10s and GE90-115B engines for one 777-200LR. The airline also signed 15-year OnPoint solution agreements for all the engines in the order, valued at USD8 billion over the life of the contract. Etihad Airways president and CEO James Hogan said, "This order demonstrates Etihad Airways’ commitment to operating one of the most technically advanced and fuel efficient fleets in the industry, now and in the future. Our business succeeds by establishing long term strategic partnerships to ensure we can offer our customers the best. This deal allows us to do that";
  • Qatar Airways ordered GE9X engines for 50 777Xs, valued at USD3.8 billion. Mr Joyce said, "The new GE9X engine will be the largest and most fuel efficient engine GE has ever designed and manufactured and the rising number of orders for the engine-aircraft combination serve as a testament to the confidence our customers have in the product." [more - original PR]