EVENDALE, OHIO – August 26, 2014 – BOC Aviation agreed to purchase two GE90-115B-powered Boeing 777-300ER aircraft. The engine order is valued at close to $140 million list price.
“The GE90-115B-powered Boeing 777 aircraft combination has proven to be very popular with our customers due to its outstanding performance and reliability,” said Robert Martin, Managing Director and Chief Executive Officer of BOC Aviation. “This agreement will enable us to expand our portfolio with one of the best performing widebody aircraft available.”
“GE Aviation is honored to play an important role in powering aircraft for BOC Aviation,” said Chaker Chahrour, vice president and general manager of GE Aviation’s Global Sales & Marketing organization. “The performance of the GE90-115B engine has outperformed our expectations, and GE has invested more than $50 million annually in the engine over the last decade to keep enhancing its already incredible performance.”
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 and IHI Corporation of Japan are revenue-sharing participants in the GE90 program.
The GE90-115B engine is part of GE's "ecomagination" product portfolio -- GE's commitment to implementing innovative, cost-effective technologies that enhance the customers' environmental and operating performance.
BOC Aviation is the leading Asia-based aircraft leasing company with a portfolio of 251 owned and managed aircraft, operated by 56 airlines in 30 countries worldwide as of 30 June 2014. The Company, owned by Bank of China, has one of the youngest fleets in the industry with aircraft averaging less than four years of age. It is based in Singapore, with offices in Dublin, London and Seattle.
GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop 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.ge.com/aviation. Follow GE Aviation on Twitter at http://twitter.com/GEAviation and YouTube at http://www.youtube.com/user/GEAviation. For more information on ecomagination, visit http://www.ecomagination.com. For GE Aviation’s Farnborough updates, visit http://www.geaviation.com/shows.