GE announces USD17bn in orders at Farnborough

GE Aviation reported (14-Jul-2012) orders for engines and service agreements for GE and its joint venture CFM International at the 2012 Farnborough International Airshow totalled almost USD17.5 billion. Highlights from the 2012 Farnborough Airshow include:

• United Continental: Firm order for 100 LEAP-1B-powered Boeing 737 MAX airplanes and 50 additional CFM56-7B-powered 737-900ER aircraft. Engine order value, including a long-term service agreement, is approximately USD5.0 billion;
• GECAS: Commitments for 75 LEAP-1B-powered 737 MAX aircraft, in addition to an additional 25 CFM56-7B-powered 737NG aircraft. The engine commitments are valued at USD2.4 billion at list price;
• airberlin: Selected the GEnx-1B engine to power its fleet of 15 787-8s. The airline also signed a 12-year OnPointSM solution agreement for the engines. The combined value of the agreements are more than USD1.2 billion over the life of the contract;
• Jet Airways: 10-year OnPointSM solution agreement to include its CF6-80E engines that will power nine additional A330 aircraft. Agreement valued at USD150 million over its life of agreement;
• EVA Airways: 12-year OnPointSM solution services agreement for GE90-115B engines to power seven 777-300ERs. Contract is valued at about USD300 million over the life of the agreement;
• Virgin Australia: Finalised firm order for 23 LEAP-1B-powered 737 MAX 8 aircraft;
• Air Lease Corporation: Ordered 60 LEAP-1B-powered 737 MAX 8 and 15 737 MAX 9 aircraft. Engine order valued at approximately USD1.9 billion at list price;
• Southwest Airlines: 20-year OnPointSM solution agreement with GE Aviation for its 78 737-800 aircraft, valued at more than USD1 billion over the life of the agreement;
• Regional Compagnie Aerienne Europeenne: 15-year OnPointSM solution agreement for its CF34-8E and -10E engines for 16 Embraer E170 and 10 E190 aircraft, valued at more than USD230 million over the life of the contract;
• JetBlue Airways: 15-year OnPointSM solution agreement for its CF34-10E engines that power its E190 fleet;
• Aviation Capital Group: Selected LEAP-1A engines for 18 A320neos, valued at USD450 million;
• ALAFCO: Committed to 20 LEAP-1A powered 737 MAX aircraft;
• Copa Airlines: 15-year OnPointSM solution agreement for its 112 CFM56-7B engines for 737-700 and -800 aircraft, valued at more than USD340 million over the life of the agreement;
• Avolon: Announced plans to order LEAP-1B engines to power 15 737 MAX aircraft, along with CFM56-7BE engines to power 10 737NGs. Total engine value is approximately USD585 million at list price;
• Sun Country Airlines: Five-year OnPointSM solution agreement for 28 CFM56-7B engines for 737-700 and -800 aircraft. Agreement is valued at more than USD60 million over the life of the agreement;
• Volga-Dnepr Group: 15-year OnPointSM solution agreement for 22 GEnx-2B engines for 747-8F fleet. Agreement is valued at more than USD300 million over the life of the contract;
• Juneyao Airlines: CFM56-5B engine to power five A321 aircraft. Engine order valued at more than USD100 million at list price;
• Azul Brazilian Airlines: Adding 42 CF34-10E engines to its existing 15-year OnPointSM solution services agreement. Value of the additional engines is more than USD600 million over the life of the agreement.

TRUEngine designations were awarded to:

• Turkish Airlines: CF6 engine fleet powering seven A330-200 aircraft;
• Oman Air: 33 CFM56-7B engines powering its fleet of 737NG aircraft;
• Apollo Aviation Group: Mix of 21 CFM56 engines;
• GOL: CFM56-7B engines that power the 737-700/-800 aircraft. [more - original PR]