| Dubai
Aerospace Enterprise places $770 million order for GE engines
17 November 2007 Dubai
Aerospace Enterprise (DAE), the global aerospace manufacturing and services corporation,
has ordered 10 GE90-115B-powered Boeing 777-300ER and five GEnx-powered Boeing
747-8 freighters. The engine orders are valued at a combined total of more than
$770 million at list price.Bob
Genise, CEO of DAE Capital, the Dubai-based group's aircraft, leasing and finance
business, said, "This deal, as part of a 100 aircraft order from Boeing,
demonstrates our aim to quickly establish DAE Capital as a world-class aircraft
leasing business." "GE
is very pleased with this engine order from DAE," said Scott Donnelly, president
& CEO of GE Aviation. "We will work with the company to ensure full support
for the engines as well as help as they place the aircraft with operators in the
region." Based
in Dubai, DAE is developing an integrated aerospace cluster that will eventually
be based at Dubai World Central - the new 140 square kilometre airport and logistics
city being constructed at Jebel Ali, Dubai, in the United Arab Emirates. DAE
has formed six core divisions spanning research and development, manufacturing,
engineering, operations, maintenance, repair and overhaul, education, aircraft
leasing and aerospace services. Based
on the highly successful GE90 architecture, the GEnx engine is one of the most
fuel-efficient and lowest emissions jet engines ever. The GEnx engine will power
both the Boeing 787 Dreamliner and the 747-8 Intercontinental. It will succeed
GE's CF6 family, the best-selling engine on wide-body aircraft. More than 1,000
GEnx engines have been sold to 33 customers, making it the fastest-selling large
engine in GE Aviation history. The
GEnx completed its flight test programme this summer on GE's 747 flying test-bed,
which validated the GEnx-1B engine's performance in real world flight conditions.
Certification tests for vibration, emission, bird ingestions and fan blade containment
were also completed with very positive results. IHI
of Japan, TechSpace Aero of Belgium, Avio SpA of Italy, Volvo Aero of Sweden and
Samsung Techwin of Korea are revenue-sharing participants in the GEnx programme. The
world's largest and most powerful engine, the GE90-115B, celebrated one million
successful hours of flight in May. The engine is one the quietest based on per
pound of thrust with superior fuel burn and low overall emissions due in part
to its improved combustor. The combustor technology emits no more than 40 per
cent of the hydrocarbons that will be allowed by 2008 international standards.
More than 225 GE90-115B engines are in service with 14 operators around the world. Snecma
of France, Avio SpA. of Italy, and IHI of Japan are revenue-sharing participants
in the GE90 programme. The
GEnx and GE90 engines are part of GE's "ecomagination" product portfolio--GE's
commitment to develop new, cost-effective technologies that enhance customers'
environmental and operating performance.  GE
Aviation, an operating unit of General Electric Company, is a world-leading provider
of commercial and military jet engines and components as well as integrated digital,
electric power, and mechanical systems for aircraft.
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