GE and its JVs Receive More than $19 B in Orders/Commitments at 2015 Paris 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 $19 billion (USD) in orders and commitments at this week’s Paris Air Show. The orders and commitments included close to 1,000 GE and CFM engines as well as OnPointSM solution agreements for engine maintenance, repair and overhaul (MRO).
Orders/commitments include (all values quoted in U.S. dollars at list price):
Global Jet Engines Market Research Report 2016
- Myanmar National Airlines signed an OnPointSM solution agreement for the maintenance, repair and overhaul of 12 CFM56-7B* engines. The agreement is valued at more than $60 million over the life of the agreement.
- China’s Zhejiang Loong Airlines signed a Rate per Flight Hour (RPFH) agreement with CFM International to support its fleet of CFM56-5B* engines. Under the terms of the 12-year agreement, which is valued at $138 million, CFM will guarantee maintenance costs for a total of 17 CFM56-5B engines on a dollar per flight hour basis. The airline also signed a RPFH for its 20 LEAP-1A* engine fleet. The 15-year agreement is valued at $333 million.
- Zhejiang Loong Airlines selected GE Aviation’s Flight Efficiency Services to support its fleet of Airbus A320 aircraft. GE will provide flight data analytics and fuel management to optimize the airline’s operational efficiency with the goal of substantially reducing fuel costs.
- GE Aviation and FMI Air agreed to an innovative engine management solution, enabling the carrier to enter service with newer engines that offer improved economics and reliability.
- GE Capital Aviation Services (GECAS) selected CFM International’s LEAP-1A* engine to power 60 Airbus A320neo aircraft. The firm engine order is valued at $1.77 billion.
- EVA Airways and GE Aviation launched Flight Efficiency Services and are seeing reduced fuel use in EVA’s fleet of about 70 aircraft. GE is applying flight data analytics to provide business intelligence and actionable insight to significantly improve an airline’s overall efficiency.
- Garuda Indonesia reconfirmed its commitment to purchase 50 Boeing 737 MAX powered by LEAP-1B* engines as well as its intent to purchase 30 additional MAX aircraft. The final order will be valued at $2.2 billion.
- The Qantas Group entered into a multi-year OnPointSM solution agreement with GE Aviation covering the maintenance, repair and overhaul for Jetstar’s GEnx-1B engines fleet. The agreement is valued at more than $550 million (USD) over its life.
- Qatar Airways announced an order for 10 GE9X-powered Boeing 777X aircraft and four GE90-115B-powered Boeing 777 Freighters. The total engine order for the 20 GE9X engines and eight GE90-115B engines are valued at more than $1.1 billion.
- SMBC Aviation Capital ordered CFM International’s LEAP-1B* engines to power 10 additional Boeing 737 MAX aircraft valued at $270 million.
- AerCap Holdings N.V. ordered 200 CFM LEAP-1B* engines to power 100 737 MAX aircraft. The order is valued at $2.7 billion.
- Air Transat signed an eight-year OnPointSM solution agreement for the overhaul of its fleet of CFM56-7B* engines that power its Boeing 737-800 Next Gen aircraft. The agreement is valued at more than $25M over the life of the agreement.
- Xiamen Airlines signed a 15-year OnPointSM solution agreement for the material necessary to overhaul its 12 GEnx-1B engines. The agreement is valued at $240 million over the life of the agreement.
- SMBC Aviation Capital selected CFM International’s LEAP-1A* engines to power 30 Airbus A320neo aircraft. The firm engine order is valued at $885 million.
- Sriwijaya Air announced a firm order for CFM56-7B* engines to power two Boeing 737-900ER as well as its intent to exercise options for up to 20 additional 737 aircraft. The firm engine order is valued at $44 million.
- United Airlines ordered 10 firm CF34-8E-powered EMBRAER 175 aircraft with options for an additional 18 aircraft that will be converted to firm orders in the future by United or one of the carriers that operate as United Express. The firm engine order is valued at more than $100 million list price.
- Colorful Guizhou Airlines ordered 17 CF34-10E-powered EMBRAER E190 aircraft, including 7 firm orders and 10 options. The engine order is valued at $284 million (USD) list price.
- Minsheng Financial Leasing ordered CFM56-7B* and LEAP-1B* engines from CFM International to power 10 Boeing Next-Generation 737 and 20 737 MAX aircraft. The engine order is valued at $775 million.
- Ruili Airlines announced an $810 million order for 60 CFM LEAP-1B* engines to power 30 Boeing 737 MAX aircraft.
- Swiss International Air Lines selected GE Aviation’s Flight Efficiency Services for fuel management. In addition to providing Flight Data Management and Flight Operational Quality Assurance services, GE Aviation’s Flight Analytics System will deliver Swiss’ Fuel Management Solution, which will include the evaluation and analysis of flight and operational data to identify and prioritize fuel savings opportunities and enable a platform for fuel management analytics.
- Korean Air ordered 60 CFM LEAP-1B* engines to power 30 Boeing 737 MAX aircraft. The engine order is valued at $887 million. Korean Air also ordered two GE90-115B-powered Boeing 777-300ER aircraft. The GE90 engine order is valued at $140 million.
- Dublin, Ireland-based aircraft leasing company Avolon selected CFM International’s LEAP-1A* engines to power 20 Airbus A320neo aircraft. The engine order is valued at $590 million.
- SkyWest Airlines signed an 18-year OnPointSM solution agreement for material to support its 86 CF34-8E engine fleet that powers its EMBRAER 175 aircraft. The agreement is valued at more than $550 million over the life of the agreement. SkyWest also ordered eight CF34-powered EMBRAER E175 aircraft.
- Qatar Airways selected CFM International’s CFM56-5B* engines to power eight Airbus A320ceo aircraft. The firm engine order is valued at $174 million.
- Air Canada signed a long-term Rate per Flight Hour agreement with CFM to support 122 LEAP-1B* engines powering the airline’s Boeing 737 MAX fleet ordered last year. Under the terms of the 20-year agreement, CFM will guarantee maintenance costs for the entire Air Canada LEAP-1B* fleet on a rate per engine hour basis.
- Lockheed Martin Commercial Engine Solutions (LMCES) and GE Aviation signed two OnPoint solution agreements for the material to overhaul CF6 and CF34 engines. The one-year agreements are valued at $10 million (USD) over the life of the agreement.
- The Volga-Dnepr Group signed a Memorandum of Understanding for 20 additional GEnx-2B powered Boeing 747-8 Freighters. The additional engine order is valued at more than $1.8 billion list price.
GE Aviation also made the following announcements at the 2015 Paris Air Show:
- EVA Airways and GE Aviation announced $500,000 in savings after utilizing Flight Efficiency Services on its fleet of about 70 aircraft for 10 months. GE’s Flight Efficiency Services applies flight data analytics to provide business intelligence and actionable insight to significantly improve an airline’s overall efficiency.
- Lufthansa Technik AG and GE Aviation signed a memorandum of understanding to create a new, state-of-the-art engine overhaul facility in Europe to service GEnx-2B and GE9X engines. The new joint venture is expected to be operational in 2018. Closing of the joint venture is subject to receipt of required regulatory approvals.
- GE Aviation successfully accomplished its Adaptive Engine Technology Development (AETD) Preliminary Design Review. The successful review with leaders from the US Air Force, Navy, NASA and Lockheed Martin, followed testing of the industry’s first and only adaptive-cycle, three-stream engine in 2014.
- GE Aviation delivered its 1,500th F414 engine and surpassed more than 3 million flight hours powering the United States Navy’s F/A-18E/F Super Hornet and EA-18G Growler aircraft.
- GE Aviation recently delivered the 10,000th flight management computer (model 2907C1) to The Boeing Company marking an era of continuous partnership in support of the versatile 737 airplane.
- Following a Memorandum of Understanding signed in 2014 between GE Aviation’s Hamble facility and India’s Mahindra Aerospace, the two companies have further developed their relationship by signing an agreement that will initiate manufacture, following Airbus transfer of work approval, of an Airbus Single Aisle package of work. The initial MOU enabled both companies to work together on potential opportunities in manufacture of aerostructures. This new agreement will see them collaborate to produce small, metallic complex structural sheet details and assemblies within Mahindra’s new Aerospace facility in Bangalore, India.
- Unison Industries signed a 10-year Material Services Agreement with Qatar Airways in support of Qatar Airways’ unprecedented fleet growth rate. The agreement extends through 2024 and covers external Unison new parts and component repairs for all engine lines in the Qatar Airways fleet which includes the CF6, CFM, V2500, GEnx, GE90 and GP7200.
Source : GE Aviation - view original press release
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