GE Aviation
lands $10bn worth of deals at Dubai Air Show
13 November2007
Dubai:
Two days into the Dubai Air Show, GE Aviation has signed almost $10 billion
worth of engine and service deals. This, according to GE officials, is a major
move ahead for the aerospace major in a region where it had almost no business
just 15 years ago. With
the company becoming the engine and engine service supplier of choice among several
regional MidEast airlines, assembly workers of CFM56 engines in Evendale and GE-90
and GEnx engines in Peebles will remain busy for years to come, according to GE
Aviation officials. GE
Avaition's business expansion has come on the back of an aviation boom in the
MidEast, as carriers now begin to expand services to various parts of the globe. The
Dubai Air Show is set to close on Thursday. At
the air show, GE Aviation directly landed business about $7.7 billion including: A
$1.4 billion deal with Saudi Arabian Airlines for overhaul support services on
the carrier's GE90, CF6 and CF34 engines as well as to supply materials for 14
years. A $770
million deal with Dubai Aerospace for GE90-115B engines to power 10 Boeing 777-300ER
and GEnx engines for five Boeing 747-8 freighters. A
12-year service contract for maintenance, overhaul and repair of GEnx engines
for 12 Boeing 787s with carrier Royal Jordanian. The value of the pact remains
undisclosed. A
deal with Qatar Airways for $1.2 billion worth of engines, including GEnx engines
to power its 30 Boeing 787s and GE90-115Bs for five Boeing 777 freighters. Also
with Qatar Airways a $2.5 billion deal for a 15-year service contract to provide
maintenance and overhaul work. A
deal with Emirates for $800 million worth of GP7200 engines to power its 12 Airbus
A380 aircraft. A
deal with Cathay Pacific Airways for $1 billion worth of GEnx and GE90 engines
to power 10 Boeing 747-8 Freighters and seven 777-300ER aircraft. Also
with Cathay Pacific a 15-year engine maintenance agreement for the 40 GEnx-2B67
engines plus spares. The value of the deal remains undisclosed. GE
Aviation will also collect 50 per cent of almost $4.1 billion worth of deals with
GE joint ventures, including: Emirates
signed a $3 billion deal with the Engine Alliance, a partnership between GE Aviation
and Pratt & Whitney, for the maintenance, repair and overhaul of its GP7200
engines powering its Airbus A380 fleet. Dubai
Aerospace ordered $945 million worth of CFM56-7B engines to power 70 Boeing Next-Generation
737 aircraft - CFM engines are from a joint venture with France's Snecma. Saudi
Arabian Airlines ordered $135 million worth of CFM56-7B engines to power 10 Airbus
A320s. Other
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