21-Jun-2013 2:32 PM

GE and joint ventures secure USD26bn in orders at 2013 Paris Air Show

GE Aviation and its joint venture companies announced (20-Jun-2013) more than USD26.5 billion in orders at the 2013 Paris Air Show. Orders include:

  • AirAsia: Additional CFM International LEAP-1A engines and CFM56-5B engines to power the 100 Airbus A320 aircraft and  a comprehensive long-term service agreement to support its fleet. The order is valued at USD8.6 billion at list price, including a 20-year Rate per Flight Hour (RPFH) agreement;
  • United Airlines: Selected GEnx-1B engines to power its order for 20 firm Boeing 787-10 and the remaining 15 firm 787s from a previous order. The engine order for the 35 aircraft plus five firmed aircraft options are valued at more than USD1.8 billion;
  • GECAS: Commitment to order 10 787-10s powered with GEnx-1B engines. The engines are valued at close to USD500 million;
  • Xiamen Airlines: Signed a LoI to select GEnx-1B engines for six 787s. The LoI also includes a 10-year OnPointSM solution agreement for GE to provide MRO for the airline's GEnx fleet. Engine order and the OnPoint solution agreement are valued at more than USD560 million over the life of the engines.
  • TUI Travel: Commitment to purchase 60 Boeing 737 MAX 8 and MAX 9 aircraft with 120 LEAP-1B engines. The order is valued at USD1.56 billion. TUI Travel also has options on 60 additional LEAP-powered 737 aircraft.
  • Qatar Airways: Order for nine GE90-115B-powered 777-300ERs, including a firm order for two aircraft and a commitment for an additional seven aircraft. Engine order and commitment is valued at more than USD600 million. Also signed a 10-year MRO cost per hour agreement covering its A330 aircraft powered by CF6-80E engines;
  • BOC Aviation: Selected CFM engines to power its new A320 aircraft. 10 LEAP-1A-powered A320neo and 10 CFM56-5B-powered A320ceo, valued at USD460 million;
  • LATAM Airlines Group: MoU with CFM International to purchase CFM56-5B engines to power 25 firm A321ceo and five firm A320ceo aircraft, in additional to options for 20 additional Airbus A321neo aircraft. Once finalised, the agreement will be valued at approximately USD1.1 billion at list price, including spare engines and a long-term maintenance agreement. LATAM Airlines Group and GE Aviation signed two memorandums of understanding for a 10-year OnPoint solution agreement for the MRO of 120 CF6-80C2 engines valued at more than USD500 million and a 12-year OnPointSM solution agreement for the MRO of its GE90-110 engines valued at more than USD210 million over the life of the contract;
  • Air Canada: Signed two OnPoint solution agreements: a five-year OnPoint solution agreement for CF34-8E engines and a 15-year OnPoint solution agreement for GEnx-1B engines;
  • JetBlue Airways: Signed a 10-year OnPoint solution agreement with GE Aviation for the maintenance, repair and overhaul of its CF34-10E engine fleet that powers its 58 EMBRAER E190 aircraft.
  • Japan Airlines: Signed an OnPoint solution agreement for material solutions for its GE90 engine fleet, in a deal valued at close to USD500 million. JAL will perform the overhaul and certain repairs at its engine maintenance center. GE will provide material and repair management services. The deal is valued at close to USD500 million;
  • Azul: Added 43 CF34-10E engines to its existing 15-year OnPoint solution agreement with GE Aviation covering the MRO of 190 CF34 engines powering its Embraer E-190 aircraft;
  • HNA Aviation: Signed a 15-year RPFH agreement with CFM International to support its fleet of 84 CFM56-5B engines;
  • CIT Group: Order for 30 737 MAX 8 airplanes powered by LEAP-1B engines. The engine order is valued at USD760 million;
  • Air India: Signed an OnPoint overhaul engine services agreement for the time and material related to the MRO of its 96 CFM56-5B engines that power its A320 aircraft fleet;
  • ILFC: Expanded its order for CFM International LEAP-1A engines to power an additional 20 A320neo family aircraft, bringing the total of its LEAP-powered A320neo gamily aircraft to 60. Engine order is valued at USD510 million;
  • Korean Air: Committed to purchasing five GEnx-2B-powered 747-8 Intercontinental aircraft and six GE90-115B-powered 777-300ERs. The engines will be valued at more than USD800 million;
  • Cathay Pacific Airways: Committed to a 15-year OnPointSM solution agreement for the MRO of 12 GEnx-2B engines, valued at USD380 million over the life of the agreement;
  • SAS: Signed a LoI with CFM International for the long-term support of its advanced LEAP-1A engines. In 2011, the airline selected the engine to power 30 A320neo aircraft and hold options on 11 additional airplanes. The 12-year RPFH agreement is valued at USD180 million. CFM will guarantee maintenance costs on a dollar per engine flight hour basis;
  • Etihad Airways: Entered into an agreement with Taleris, a joint venture company between GE Aviation and Accenture, to launch new technology to help predict potential maintenance faults and recommend preventive action. Taleris' web-based prognostics service, a part of its Intelligent Operations offering, is a first for the commercial airline industry and will be used to monitor Etihad Airways' fleet of Airbus and Boeing aircraft. The prognostics technology will leverage the Industrial Internet to increase the airline's overall operational efficiency.
  • CF34 engines, which had garnered 350 engine orders going into the show including recent orders from United Airlines for 30 Embraer E175s and SkyWest Airlines for 40 E175s, increased its engine order backlog with Conviasa’s seven E190s and Japan Airlines' four E190s. [more - original PR]
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