Korean Air Commit to Purchase GE-powered Boeing 777s and 747-8s

When the engine order is finalized, the list price of the engines will be valued at more than $800 million (USD).


LE BOURGET – June 18, 2013 – Korean Air has committed to purchasing five GEnx-2B-powered Boeing 747-8 Intercontinental aircraft and six GE90-115B-powered Boeing 777-300ERs. When the engine order is finalized, the list price of the engines will be valued at more than $800 million (USD).

“This order further expands Korean Air’s GEnx-powered Boeing 747-8 and GE90-115B-powered Boeing 777-300ER fleet,” said Kevin McAllister, vice president and general manager of Global Sales & Marketing at GE Aviation. “Both the GEnx and GE90 engines are performing extremely well in the field with outstanding reliability, fuel consumption and low cost of ownership.”

The GEnx engine family is the fastest-selling engine in GE Aviation history with more than 1,300 engines on order. Compared to GE's CF6 engine, the GEnx engine offers up to 15 percent better fuel consumption, which translates to 15 percent less CO2. The GEnx's innovative twin-annular pre-swirl (TAPS) combustor dramatically reduces NOx gases as much as 55 percent below today's regulatory limits and other regulated gases as much as 90 percent. Based on the ratio of decibels to pounds of thrust, the GEnx is the quietest engine GE produces due to the large, more efficient fan blades that operate at slower tip speed, resulting in about 40 percent lower noise levels.

Revenue-sharing participants on the GEnx are IHI Corporation of Japan, Avio SpA. of Italy, GKN Aerospace Engine Systems of Sweden, MTU of Germany, TechSpace Aero of Belgium, Snecma (SAFRAN Group) of France and Samsung Techwin of Korea.

More than 1,500 GE90-115B engines have been ordered by customers for their Boeing 777-300ERs, 777-200LRs and 777 Freighters. At 115,000 pounds of thrust, the GE90-115B engine includes such performance-enhancing features as three-dimensional aerodynamic (3-D aero) compressor and wide-chord, swept composite fan blades for greater efficiency. The dual annular combustor emits no more than 40 percent of the hydrocarbons allowed by today's international standards. In addition, today’s GE90-115B engines have been enhanced to reduce fuel burn by 3.6 percent from the 2000 launch specifications.

Snecma of France, Avio SpA of Italy and IHI Corporation of Japan are revenue-sharing participants in the GE90 program.

The GEnx and GE90-115B engines are part of GE's "ecomagination" product portfolio -- GE's commitment to implementing innovative, cost-effective technologies that enhance the customers' environmental and operating performance.

GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet, turboprop and turboshaft engines, components and integrated systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings. For more information, visit us at www.geaviation.com. Follow GE Aviation on Twitter at http://twitter.com/GEAviation and YouTube at http://www.youtube.com/user/GEAviation

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