Engines Ordered For Aircraft Ranging From B747-8 to CRJ900
At the 2011 Dubai Air Show, GE Aviation and CFM International, a
50/50 joint venture between GE and Snecma (SAFRAN group), announced
engine and service orders valued at more than $13.8 billion.
The list of orders IS impressive.
Emirates ordered 50 firm GE90-115B-powered Boeing 777-300ER with
an option for additional 20 aircraft. The airline also signed a
12-year OnPoint solution agreement for the maintenance of these
engines. The engine list price and services agreement are valued at
more than $6 billion. Emirates and GE also signed an agreement that
will enable GE to help oversee the design and construction of
Emirates' new technologically advanced Engine Overhaul Shop to be
built in Dubai. The 21,000 square meter facility will complement
Emirates' Test Cell Facility in Dubai. The Engine Overhaul Shop
will be constructed on a 90,000 square meter piece of land adjacent
to the Test Cell Facility and will cost an estimated $120 million.
Finally, GE Aviation and Emirates signed a 12-year OnPoint
solutions agreement for the Emirates fleet of Boeing 777 aircraft.
The agreement will include maintenance and inventory support
services of various avionics, electrical power and mechanical
products for the Boeing 777 aircraft.
Garuda Indonesia selected CFM International's advanced LEAP-1A
engines to power 10 new Airbus A320neo aircraft and CFM56-5B
engines to power 15 standard Airbus A320 aircraft ordered. The
engine orders are valued at approximately $490 million (USD) at
list price. The aircraft will be operated by Garuda low-cost
subsidiary Citilink. Garuda Indonesia also finalized a long-term
support agreement covering the airline's fleet of the CFM56-7B
engines powering 63 Boeing 737-800 aircraft. The 15-year Rate Per
Flight Hour (RPFH) contract is valued at approximately $500 million
U.S. over the life of the agreement.
Republic Airways Holdings finalized its $2.0 billion order for
CFM International's advanced LEAP-1A engines to power 20 Airbus
A319neo and 60 Airbus A320neo aircraft. At the same time, the
airline signed a Rate per Flight Hour (RPFH) agreement with CFM to
support at total of 172 LEAP-1A engines. Under the terms of the
comprehensive services and support agreement, which is valued at
approximately $3.9 billion over its 18-year term, CFM will
guarantee engine maintenance costs on a dollar per engine flight
hour basis. The company also signed an OnPoint Fuel & Carbon
Solutions agreement with GE Aviation. Under this agreement, GE's
Fuel & Carbon Solutions team will use proprietary decision
software and fuel consulting expertise and work with Republic
Airways to identify and track operational improvements that could
reduce the airline's fuel spend by an average of three percent.
Qatar Airways ordered two GE90-powered Boeing 777 Freighter
aircraft. The order will increase the carrier's 777 Freighter fleet
to eight when delivered.
Cargolux signed a 15-year OnPoint solution agreement with GE
Aviation for the maintenance of its GEnx-2B engines that power its
13 Boeing 747-8 freighters. The agreement is valued at more than $1
billion over the life of the contract. Cargolux was also granted
TRUEngine status for its GEnx-2B engine, launching the program on
this engine model. With the TRUEngine designation, Cargolux has
agreed to follow the GE-issued engine manual, service bulletins and
other maintenance recommendations on its GEnx engine fleet.
Deutsche Lufthansa selected CFM56-5B engines to power four new
Airbus A320 aircraft in a firm engine order valued at approximately
$60 million (USD) list price.
Air China finalized its agreement to purchase 20 GEnx-2B engines
to power its five Boeing 747-8 Intercontinental aircraft. The
carrier also signed a 15-year OnPoint(SM) solution agreement for
the maintenance of its GEnx-2B engines.
Cathay Pacific Airways signed a 15-year OnPoint solution
agreement with GE Aviation that covers the maintenance of the
GE90-115B engine fleet for four Boeing 777-300ER aircraft and eight
777-200 Freighters ordered in August along with the 10 Boeing
777-300ER aircraft ordered in March. GE plans to use Taikoo Engine
Services (Xiamen) Company Limited (TEXL), an affiliate of HAECO, to
perform much of the maintenance under this agreement.
Zurich, Switzerland-based VIP carrier Comlux announced that it
will power its new Airbus ACJ321 with CFM International's CFM56-5B
engine. The engine order is valued at approximately $20 million
(USD) list price.
Egyptian carrier Petroleum Air Services ordered one
CF34-8-powered CRJ900 aircraft. Delivery is set for first quarter
of 2012.