At the November 17th opening day of the Dubai Air Show, GE Aviation received $26bn in jet engine orders and services agreements for wide-body Boeing aircraft from three leading airlines in the Middle East. Collectively, Emirates, Qatar Airways, and Etihad Airways ordered 450 of the new GE9X engine now under development for the new Boeing
Etihad Airways announced a firm order for 87 Airbus aircraft, plus purchase rights for a further 30, to support the global expansion of its operations. The order represents an investment of up to $26.9bn at list prices, including related engines. The firm order, unveiled at the Dubai Air Show, includes 50 Airbus A350 XWB and
2013 is proving to be another stellar year for CFM International (CFM), with the company logging orders for more than 1,255 LEAP engines, as well as 1,172 orders for CFM56 engines through October. These orders—2,427 total engines— have a combined value of $25.7bn at list price, including commercial, military, and spare engines. By comparison, CFM
Emirates airline and OEMServices have extended their contract for the Emirates’ A380 fleet. The extended agreement will cover Emirates’ fleet of 90 A380s, and will include support of the new Supplemental Cooling System provided by Liebherr as well as the Monogram components. Since 2005, OEMServices has become a leader in component and logistics services. The
Lufthansa Technik Airmotive Ireland (LTAI), the jet engine overhaul facility at Rathcoole, Co. Dublin, which employs 400 people, announced that it is to commence a process to consider closing the company, subject to consultation with employee representatives. LTAI will begin immediate negotiations with its three trade unions (TEEU, SIPTU, UNITE) and existing employee representatives. The
Etihad Airways, the national airline of the United Arab Emirates, announced a firm order for 56 new Boeing wide-body aircraft, with options and purchase rights for a further 26, to support its continued global expansion. The order represents an investment of up to US$ 25.2bn at list prices, including related engines. The deal, unveiled at
GE Aviation, a global leader in jet engine and aircraft system production, hosted a groundbreaking ceremony on November 14th, at the site of its new advanced composites factory near Asheville in Western North Carolina. The new 170,000-ft² will be the first to mass produce engine components made of advanced ceramic matrix composite (CMC) materials. GE
Pegasus Airlines has finalized its order for CFM International’s advanced LEAP-1A engine to power 100 Airbus A320neo/ A321neo aircraft. The agreement is valued at approximately $4.3bn at list price, including the long-term service agreement. Under the terms of the 20-year Rate per Flight Hour (RPFH) maintenance agreement, CFM will guarantee maintenance costs on a dollar
According to Airbus’ latest Global Market Forecast (GMF), Latin American airlines will require 2,307 new aircraft between 2013 and 2032, including 1,794 single-aisle, 475 twin-aisle and 38 very large aircraft (VLA) worth an estimated US$292bn. Globally, by 2032 some 29,230 new passenger and freighter aircraft valued at nearly US$4.4 trillion will be required to satisfy
IAI reported net profits for the 3rd quarter increased to $57.9m, compared to $37.5m in the 3rd quarter of 2012 – an increase of 54%. Profit before tax totaled $80.7m, compared to $50.3m in the parallel period of last year – an increase of 61%. Company revenues for the 3rd quarter of 2013 were the
