GE and its JVs Garner More than $36 Bn in Orders/Commitments at 2014 Farnborough Air Show
GE Aviation and its joint venture companies, including CFM International, a 50/50 joint company between GE and Snecma (Safran), announced more than $36 billion (USD) in orders and commitments at this week’s Farnborough Air Show. The orders and commitments included more than 1,100 GE and CFM engines as well as OnPoint solution agreements for engine maintenance, repair and overhaul (MRO).
Orders/commitments include (all values are quoted in U.S. dollars at list price):
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- Emirates airline signed a 12-year OnPointSM solution agreement with GE for the MRO on its new GE9X engines for its 150 Boeing 777X aircraft. The OnPoint solution agreement is valued at more than $13 billion over the life of the contract.
- American Airlines selected CFM International’s advanced LEAP*-1A engine to power its 100 Airbus A320neo aircraft. The engine order is valued at $2.6 billion.
- easyJet announced an order for 270 engines, including 200 LEAP-1A engines to power its Airbus A320neo and 70 CFM56*-5B engines to power additional A320ceo aircraft. The firm engine order is valued at more than $3.3 billion.
- Air Lease Corporation selected GEnx-1B engines to power 30 Boeing 787 Dreamliner aircraft and six GE90-115B-powered Boeing 777-300ER aircraft. The engines are valued at more than $1.8 billion.
- Air Lease Corporation announced an order for 40 LEAP-1B engines to power 10 new Boeing 737 MAX 8 aircraft as well as 10 additional MAX 8 aircraft. It also selected CFM’s LEAP-1A engine to power 20 Airbus A320neo aircraft. The total engine order for LEAP-1B and LEAP-1A engines is valued at more than $1 billion.
- China's 9 Air ordered LEAP-1B engine to power 30 Boeing 737 MAX aircraft, in addition to CFM56-7B engines to power 20 Next-Generation 737s. The total engine order is valued at $3.7 billion, including spare engines and a long-term service agreement.
- Interjet selected LEAP-1A engine to power its fleet of 40 Airbus A320neo aircraft. The order and long-term support package are valued at $2.9 billion.
- Monarch Airlines is finalizing terms of a purchase agreement for 30 Boeing 737 MAX aircraft, to be powered by LEAP-1B engines. The engine order, when finalized, will be valued at $1.9 billion, including a long-term service agreement.
- Qatar Airways made a commitment for the purchase rights of an additional 50 GE9X-powered Boeing 777-9X aircraft. The additional commitment follows the finalization of Qatar’s order for 50 GE9X-powered Boeing 777X that was placed during the Dubai Air Show in November. Qatar’s total GE9X-powered 777X fleet could total 100 aircraft.
- Qatar Airways also ordered four GE90-powered Boeing 777 Freighters, with an option for an additional four 777 Freighters. The firm engine order is valued at more than $250 million.
- Hainan Airline announced a commitment to purchase 50 LEAP-1B-powered Boeing 737 MAX aircraft. The final order will be valued at $1.3 billion.
- China’s Spring Airlines selected CFM56-5B engines to power 30 Airbus A320ceo aircraft. The engine order is valued at more than $620 million at list price.
- Avolon increased its order for LEAP-1B engine to power 20 new Boeing 737 MAX aircraft. The engine order is valued at $520 million.
- Qantas Airways extended its OnPointSM solution agreement with GE Aviation for an additional seven years on the fleet of CF6-80E1 engines for its Airbus A330-200 and A330-300 aircraft. The extension, valued at $340 million, ensures GE will provide the MRO on 65 CF6-80E1 engines through 2025.
- Republic Airways Holdings Inc. expanded its OnPointSM solution agreement for engine MRO to its current fleet and added 101 CF34-8Es that power an additional 47 EMBRAER 175 aircraft. The expanded agreement is valued at $500 million over the life of the contract.
- Okay Airways ordered LEAP-1B engine to power six Boeing 737 MAX aircraft, in addition to CFM56-7B engines to power four Next-Generation 737s. The engine order is valued at $250 million.
- China Cargo Airlines signed a 12-year OnPointSM solution agreement with GE Aviation for the MRO on its GE90-110B engines that power six Boeing 777 Freighters.
- China Eastern Airlines signed a 15-year OnPointSM solution agreement for the MRO on its airline’s GE90-115B engines that power its 20 Boeing 777-300ER aircraft. The OnPoint solution agreement is valued at more than $350 million over the life of the agreement.
- China’s Zhejiang Loong Airlines selected CFM56-5B engine to power 11 Airbus A320ceo aircraft. The engine order and associated long-term service agreement are valued at nearly $520 million.
- SriLankan Airlines signed a five-year OnPointSM solution agreement for the MRO on its CFM56-5B* engines that power its Airbus A320 aircraft.
- Intrepid Aviation ordered up to ten Boeing 777-300ER aircraft, powered with GE90-115B engines. The engine order for six firm GE90-powered Boeing 777-300ERs is valued at more than $400 million.
- Jet Airways extended its OnPoint solution agreement for an additional five years on its GE90 engines that power the airline’s Boeing 777- 300ER. The extension, valued at more than $200 million, ensures GE will provide the MRO on 22 GE90 engines through 2022.
- Air Algerie ordered two Boeing 737-700C aircraft powered by CFM56-7B engines. The engine order is valued at $40 million.
- Fuji Dream Airlines placed three firm orders for CF34-8E-powered EMBRAER E175s. The engine order is valued at more than $35 million.
- Azerbaijan Airlines ordered two CF34-10E-powered EMBRAER E190s. The engine order is valued at more than $30 million.
GE Aviation also made the following announcements at the 2014 Farnborough Air Show:
- GE Aviation announced plans to bring high volume additive manufacturing to its facility in Auburn, AL. This facility will be the first of its kind to mass produce additive components for the jet propulsion industry.
- China's AVIC Aircraft Xi'An Aircraft Company (XAC) and Dowty Propellers signed a letter of intent to provide propeller systems for the new MA700 aircraft.
- Middle River Aircraft Systems, Inc., a wholly owned subsidiary of GE Aviation, signed a maintenance, repair and overhaul agreement with Lufthansa Technik AG under which LHT will be MRAS's authorized service provider for the thrust reverser on the GEnx-2B engines that power the Boeing 747-8 aircraft.
- India's SpiceJet contracted with Dowty Propellers to provide a support package for propeller systems on the airline's 15 Bombardier Q400** NextGen** regional aircraft, including repairs, overhaul, technical assistance, the availability of rotable spares and on-site support.
- SpiceJet Airlines selected GE's Flight Efficiency Services to support its 52 Boeing 737 and Bombardier Q400 aircraft. GE will provide flight data analytics and fuel management to optimize the airline's operational efficiency with the goal of substantially reducing fuel expenses for the airline.
- GE Aviation and Barco's Defence & Aerospace division signed an MOU for collaboration in the development of a new family of open system cockpit display products, targeted at displays and avionic system applications for helicopters.
- GE Aviation, Hamble and India's Mahindra Aerospace signed an agreement to pursue opportunities for manufacturing cooperation in aerostructures. The memorandum of understanding will enable GE Aviation to define possibilities for placing existing work and to collaborate on new opportunities with Mahindra Aerospace.
Source : GE Aviation - view original press release
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