Emirates indications US$ 16 billion engine services deal with GE Aviation for airline's GE9X-powered Boeing 777X fleet
Emirates has signed a $16 billion (USD) OnPointSM option arrangement with GE Aviation (NYSE: GE) for the upkeep, repair work and overhaul (MRO) of the GE9X engines that will power the airline company's fleet of 150 Boeing 777X aircraft over a duration of 12 years. This is Emirates' largest single engine MRO agreement to this day.
At the 2013 Dubai Air Show, Emirates had placed a record $76 billion (USD) order for 150 Boeing 777X twin-engine airplane, powered by GE's brand-new GE9X engine. The single biggest order by value in the history of US commercial aviation, it consisted of 300 units of GE9X engines, alone worth US$ 16 billion at market price. It was likewise GE Aviation's largest ever commercial jet engine award from an airline.
Emirates also signed a 12-year OnPoint solution contract with GE Aviation worth $36 million (USD), covering the maintenance and stock support for numerous avionics, electrical power and mechanical systems on all Emirates Boeing 777 airplane in presently service and the 44 more 777-300ERs on order. Under this program, GE will offer the maintenance and assistance services for Emirates' Boeing 777 fleet with a strengthened regional program management and stock assistance in Dubai, supported by GE's international repair work, overhaul and logistics centers in the UK, the US, and Asia.
HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates airline and Group said: "Operating a modern and efficient fleet is at the foundation of Emirates' success. Airplane and engine purchases are long-term financial investments. It is likewise a commitment that involves lots of other associated services over the life-span of the aircraft, generating and sustaining tasks throughout the air travel supply chain.
"Emirates presently operates GE engines on over 100 Boeing 777 in our fleet. Throughout the years, we have actually constructed a successful relationship with the GE team, and we work together in lots of areas consisting of innovation and development sharing, as well as at our state-of-the-art engine maintenance center in Dubai. We look forward to extending this partnership to our GE9X-powered Boeing 777X fleet.".
David Joyce, President and CEO of GE Aviation, said: "The relationship in between GE and Emirates remains strong, and the completion of the GE9X OnPoint agreement even more extends our partnership well into the future. The OnPoint solution arrangement will enable us to provide detailed MRO encourage in addition to OEM parts and work scopes to guarantee the engines stay in peak operating condition.".
OnPoint solutions are personalized service agreements tailored to the functional and monetary requirements of each airline company client. These agreements are designed to assist lower the customers' cost of ownership and make best use of the use of their possessions. Backed by GE's international support network, OnPoint services may include overhaul, on wing support, new and pre-owned functional parts, element repair service, innovation upgrades, engine leasing, integrated systems support and diagnostics and incorporated systems.
Emirates is the world's largest controller of the GE90-powered Boeing 777-300ERs, with more than 100 aircraft in fleet and over 40 systems more pending delivery. Emirates likewise operates the biggest fleet of A380s powered by the GP7200 engine produced by the Engine Alliance, a joint business of GE Aviation and Pratt & Whitney.
The relationship in between GE Aviation and Emirates has extended beyond the shipment and assistance of jet engines, with GE playing an integral role in the construction of Emirates' broadening engine overhaul capability at its new and innovative engine maintenance centre in Dubai.
With a fleet of 242 airplane, Emirates presently flies to more than 140 locations in 80 countries around the globe. More than 1,500 Emirates air travels depart Dubai each week on their way to locations on 6 continents.
