Etihad Finalizes $4.3bn GE Engine Deal

23.07.2010 Aviation & Space
Etihad Finalizes $4.3bn GE Engine Deal

Etihad Finalizes $4.3bn GE Engine Deal

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During the ongoing Farnborough Airshow, UAE national airline Etihad finalised a $4.3 billion deal with GE Aviation for purchase of 70 GEnx-1B engines to power its 35 Boeing 787 Dreamliner aircraft along with a multi-year OnPoint solution services pact on the engines.

GE Aviation, an operating unit of General Electric Company, said the engine order was worth $1.8 billion and the OnPoint solution agreement was valued at $2.5B over its life.

Etihad announced the engine selection and services agreement at the Paris Air Show in 2009.

"GE Aviation's GEnx engine will provide Etihad with unmatched fuel efficiency, reliability and performance for its Boeing 787 fleet and the services team will ensure the engine maintain this outstanding performance for years to come," said David Joyce, President and CEO of GE Aviation.

Based on the proven architecture of the GE90, the GEnx engine will succeed GE's CF6 engine. Compared to the CF6 engine, the GEnx-1B engine will offer 15% improved fuel efficiency, which translates to 15% less CO2, he explained.

The engine achieves these improvements with aerodynamic advancements that enable higher pressures and improved energy extraction from a more compact core architecture that has significantly fewer parts, the official added.

OnPoint the solutions deal, Joyce said these were customized service agreements tailored to the operational and financial needs of each customer for any size fleet.

 



 
 

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