FARNBOROUGH AIR SHOW -- July 12, 2012 - Orders for engines and services from GE and its joint venture CFM International at the 2012 Farnborough Airshow totaled almost $17.5 billion (USD).
"The results from this year's show are proof that GE Aviation and CFM International are on the right technology paths with our engine programs and service offerings," said David Joyce, president and chief executive officer of GE Aviation. "Our customers are embracing our product with their orders and we look forward to delivering on these significant commitments."
"The air shows are much more than a forum to announce orders. They're an opportunity to take the pulse of the industry, and I picked up a strong pulse this week," said Norman CT Liu, president and chief executive officer of GE Capital Aviation Service (GECAS). "Despite today's economic environment, airlines are looking for newer, more fuel efficient aircraft," said Norman CT Liu, president and chief executive officer of GE Capital Aviation Service (GECAS). "Our strategic orders the last two years position GECAS well to meet that demand."
Highlights from the 2012 Farnborough Airshow include:
* United Continental Holdings announced a firm order for 100 advanced LEAP-1B-powered Boeing 737 MAX airplanes and ordered 50 additional CFM56-7B-powered Boeing Next-Generation 737-900ER aircraft. The combined value of the engine order, along with a long-term service agreement, is approximately $5.0 billion U.S. at list price.
* GECAS announced commitments for 75 LEAP-1B-powered Boeing 737 MAX aircraft, in addition to an additional 25 CFM56-7B-powered Boeing Next-Generation 737 aircraft. The engine commitments are valued at $2.4 billion list price.
* airberlin selected the GEnx-1B engine to power its fleet of 15 Boeing 787-8 Dreamliners. The airline also signed a 12-year OnPointSM solution agreement for these GEnx engines. The engine and OnPoint solution agreement are valued at more than $1.2 billion over the life of the contract.
* Jet Airways signed a 10-year OnPointSM solution agreement to include its CF6-80E engines that will power nine additional Airbus A330 aircraft that the carrier will begin inducting later this year. The agreement is valued at $150 million (USD) over its life of agreement.
* EVA Airways signed a 12-year OnPointSM solution services agreement for its GE90-115B engines that will power its seven Boeing 777-300ER aircraft ordered in May. The contract is valued at about $300 million (USD) over its life of agreement.
* The Royal Air Force of Oman purchased F110-GE-129D engines to power its 12 new Lockheed Martin advanced F-16 Block 50 aircraft.
* Virgin Australia finalized a firm order for 23 advanced LEAP-1B-powered Boeing 737 MAX 8 airplanes.
* Air Lease Corporation ordered 60 LEAP-1B-powered Boeing 737 MAX 8 and 15 737 MAX 9 aircraft. The engine order is valued at approximately $1.9 billion U.S. at list price.
* GE Aviation and Lockheed Martin announced a multi-million dollar agreement for the communication, navigation and air traffic management data link for the C-130J aircraft in the Block 8.1 configuration.
* Southwest Airlines signed a 20-year OnPointSM solution agreement with GE Aviation for its 78 Boeing 737-800 Next Gen aircraft. The OnPoint agreement is valued at more than $1 billion (USD) over the life of the agreement.
* Regional Compagnie Aerienne Europeenne, a subsidiary of Air France-KLM Group, signed a 15-year OnPointSM solution agreement for its CF34-8E and -10E engines that power its 16 EMBRAER E170 and 10 E190 aircraft. The OnPoint agreement is valued at more than $230 million (USD) over the life of the contract.
GE Aviation and CFM International, a 50/50 joint venture between GE and Snecma (SAFRAN group), announced engine and service order deals.
FARNBOROUGH AIR SHOW - July 11, 2012 - Sun Country Airlines has signed a 5-year OnPointSM solution agreement with GE Aviation for the overhaul of 28 CFM56-7B engines that power its Boeing 737-700...
It has a firm order for 100 advanced LEAP-1B-powered Boeing 737 MAX airplanes. And, the airline ordered 50 additional CFM56-7B-powered Boeing Next-Generation 737-900ER aircraft.