GE Aviation Orders Top $13B at Dubai Air Show

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. Highlights from the show include: - Emirates ordered 50 firm GE90-115B-powered Boeing 777-300ER with an option for additional 20 aircraft. The airline also signed a 12-year OnPointSM solution agreement for the maintenance of these engines. The engine list price and services agreement are valued at more than $6 billion (USD). - 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 (USD). - GE Aviation and Emirates signed a 12-year OnPointSM 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. - Republic Airways Holdings Inc. signed an OnPointSM 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 OnPointSM 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.