$40bn for GE and CFM International at Dubai Air Show

GE Aviation and CFM International received commitments for engines and services valued at $40bn (USD list price) at this week’s Dubai Air Show. These commitments will ultimately translate into purchase orders that will grow GE Aviation’s equipment and services backlog, which reached $114bn by the end of this year’s third quarter. This total includes an equipment (mostly jet engines) backlog of $28.3bn – which increased 31% over the past year. Among GE’s highlights at the Dubai show was Emirates airlines’ commitment for 150 Boeing 777X twin-engine aircraft and 300 GE9X engines. This $11bn engine commitment represents GE Aviation’s largest ever commercial jet engine award from an airline. Meanwhile, CFM International, the 50/50 joint company of GE and Snecma (Safran), is experiencing the fastest engine orders ramp up in commercial aviation with its LEAP engine for narrow-body aircraft. With more than 450 LEAP orders at the Dubai show, total orders and commitments for the LEAP engine have surpassed 5,800 engines.