GE and JV partners announce USD36 bn in orders/commitments at 2014 Farnborough Airshow

GE Aviation and its JV companies, including CFM International, announced (17-Jul-2014) more than USD36 billion in orders and commitments at the 2014 Farnborough Air Show. The orders and commitments included more than 1100 GE and CFM engines as well as 'OnPoint' solution agreements for engine MRO. Orders/commitments include:

• Emirates: 12-year 'OnPoint' solution agreement covering MRO for GE9X engines for its 150 Boeing 777X aircraft. The agreement is valued at more than USD13 billion over the life of the contract;
• American Airlines: Selected CFM International LEAP-1A engines to power 100 A320neo aircraft. Order is valued at USD2.6 billion;
• easyJet: Ordered 270 engines, including 200 LEAP-1A engines to power A320neo aircraft and 70 CFM56-5B engines to power additional A320ceo aircraft. The firm engine order is valued at more than USD3.3 billion.
• Air Lease Corporation (ALC): Selected GEnx-1B engines to power 30 787 aircraft and six GE90-115B-powered 777-300ER aircraft. Order valued at more than USD1.8 billion. ALC also announced an order for 40 LEAP-1B engines to power 10 new 737 MAX 8 aircraft as well as 10 additional 737 MAX 8 aircraft. It also selected LEAP-1A engine to power 20 A320neo aircraft. The total engine order for LEAP-1B and LEAP-1A engines is valued at more than USD1 billion;
• 9 Air: Ordered LEAP-1B engines to power 30 737 MAX aircraft, in addition to CFM56-7B engines to power 20 737NGs. Total engine order is valued at USD3.7 billion, including spare engines and a long-term service agreement.
• Interjet: Selected LEAP-1A engines to power 40 A320neo aircraft. Order and support package are valued at USD2.9 billion;
• Monarch Airlines: Currently finalising terms of a purchase agreement for 30 737 MAX aircraft, to be powered by LEAP-1B engines. The engine order will be valued at USD1.9 billion, including a long-term service agreement;
• Qatar Airways: Commitment for the purchase rights of an additional 50 GE9X-powered 777-9X aircraft. The additional commitment follows the finalisation of Qatar's order for 50 GE9X-powered 777X. Qatar's total GE9X-powered 777X fleet could total 100 aircraft. Qatar Airways also ordered four GE90-powered 777F aircraft, with an option for an additional four 777Fs. The firm engine order is valued at more than USD250 million;
• Hainan Airlines: Commitment to purchase 50 LEAP-1B-powered 737 MAX aircraft. The final order will be valued at USD1.3 billion;
• Spring Airlines: Selected CFM56-5B engines to power 30 A320ceo aircraft. Engine order is valued at USD620 million at list price;
• Avolon: Increased its order for LEAP-1B engines to power 20 737 MAX aircraft. The engine order is valued at USD520 million;
• Qantas: Extended its 'OnPoint' solution agreement for an additional seven years on the fleet of CF6-80E1 engines for its A330-200 and A330-300 aircraft. The extension is valued at USD340 million. It ensures GE will provide the MRO on 65 CF6-80E1 engines through 2025;
• Republic Airways Holdings: Expanded its 'OnPoint' solution agreement for engine MRO to its current fleet and added 101 CF34-8Es that power an additional 47 Embraer E175 aircraft. The expanded agreement is valued at USD500 million over the life of the contract;
• Okay Airways: Ordered LEAP-1B engines to power six 737 MAX aircraft, in addition to CFM56-7B engines to power four 737NGs. The engine order is valued at USD250 million;
• China Cargo Airlines: Signed a 12-year 'OnPoint' solution agreement covering MRO on its GE90-110B engines for six 777Fs;
• China Eastern Airlines: Signed a 15-year 'OnPoint' solution agreement covering MRO on its GE90-110B engines for 20 777-300ER aircraft. The agreement is valued at more than USD350 million;
• Zhejiang Loong Airlines: Selected CFM56-5B engines to power 11 A320ceo aircraft. Engine order and long-term service agreement are valued at nearly USD520 million.
• SriLankan Airlines: Signed a five-year 'OnPoint' solution agreement for MRO on its CFM56-5B engines for Airbus A320 aircraft.
• Intrepid Aviation: Ordered up to ten 777-300ER aircraft, powered with GE90-115B engines. The engine order is valued at more than USD400 million.
• Jet Airways: Extended its 'OnPoint' solution agreement for an additional five years on its GE90 engines that power the airline's 777- 300ER aircraft. The extension, valued at more than USD200 million, ensures GE will provide the MRO on 22 GE90 engines through 2022;
• Air Algerie: Ordered two 737-700C aircraft powered by CFM56-7B engines. The engine order is valued at USD40 million;
• Fuji Dream Airlines: Placed three firm orders for CF34-8E-powered Embraer E175s. Engine order is valued at more than USD35 million.
• Azerbaijan Airlines: Ordered two CF34-10E-powered E190s. The engine order is valued at more than USD30 million. [more - original PR]