Emirates signs US $ 16bn engine services deal with GE Aviation
12 Nov 2015 - {{hitsCtrl.values.hits}}
Emirates Airline and Group Chairman and Chief Executive Sheikh Ahmed bin Saeed Al Maktoum and GE Aviation President and Chief Executive Officer David Joyce
Emirates has signed a US $ 16 billion OnPoint solution agreement with GE Aviation for the maintenance, repair and overhaul (MRO) of the GE9X engines that will power the airline’s fleet of 150 Boeing 777X aircraft over a period of 12 years. This is Emirates’ largest engine MRO contract to date.
At the 2013 Dubai Air Show, Emirates placed a record US $ 76 billion order for 150 Boeing 777X twin-engine aircraft, powered by GE’s new GE9X engine. The single largest order by value in the history of US commercial aviation, it included 300 units of GE9X engines, alone worth US $ 16 billion at list price. It was also GE Aviation’s largest ever commercial jet engine award from an airline.
Emirates also signed a 12-year OnPoint solution contract with GE Aviation worth US $ 36 million, covering the maintenance and inventory support for various avionics, electrical power and mechanical systems on all Emirates Boeing 777 aircraft in currently service and the 44 more 777-300ERs on order. Under this programme, GE will provide the maintenance and support services for Emirates’ Boeing 777 fleet with a strengthened local programme management and stock support in Dubai, supported by GE’s global repair, overhaul and logistics facilities in the UK, the US, and Asia.
Emirates Airline and Group Chairman and Chief Executive Sheikh Ahmed bin Saeed Al Maktoum said, “Operating a modern and efficient fleet is at the foundation of Emirates’ success. Aircraft and engine purchases are long-term investments. It is also a commitment that involves many other related services over the life-span of the aircraft, generating and sustaining jobs throughout the aviation supply chain.”
GE Aviation President and CEO David Joyce said, “The relationship between GE and Emirates remains strong, and the finalization of the GE9X OnPoint agreement further extends our partnership well into the future. The OnPoint solution agreement will allow us to provide comprehensive MRO support along with OEM parts and work scopes to ensure the engines remain in peak operating condition.”
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