TURKISH AIRLINES SIGNS ONPOINT AGREEMENT FOR NEW GE90 ENGINES
(The following press release from GE Aviation was received by e-mail. The sender verified the statement.)
Turkish Airlines Orders GE90-Powered Boeing 777-300ER Aircraft Turkish Airlines Signs OnPoint Agreement for New GE90 Engines
EVENDALE, OHIO - November 19, 2012 - Turkish Airlines (THY) has ordered 15 GE90-115B-powered Boeing 777-300ER aircraft with options for five additional aircraft. Delivery will begin in 2014.
THY has also signed a long-term OnPointSM solutions agreement for the maintenance, repair and overhaul of its new GE90-115B engines.
The total engine order and OnPoint solution agreement is valued at more than $1.4 billion (USD).
Temel Kotil, Turkish Airlines' CEO said, "The GE90 engine has a strong reputation for outstanding performance and reliability, and this reputation helped us select the engine-aircraft combination as we look to expand our fleet."
"The GE90-115B engine has continued to set new standards for performance, reliability and durability," said Muhammad Al-Lamadani, senior executive for European sales at GE Aviation. "We are pleased to announce the GE fleet at THY and continue growing our cooperation and support."
With a fleet of 200 aircraft, THY is the major airline in Turkey operating routes to Americas, Europe, the Middle East, Asia and Africa. In 2011, Turkish Airlines carried about 33 million passengers and was named the 2012 best airline in Europe by Skytrax.
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 36 percent from the 2000 launch specifications.
More than 1,500 GE90-115B engines have been ordered by customers for their Boeing 777-300ERs, 777-200LRs and 777 Freighters. In 2011, the GE90 engine experienced its most successful year and accumulated airline and freighter operator commitments for 400 engines. This surpassed the 2007 record of 250 engine commitments in a year.
Snecma of France, Avio SpA of Italy 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.
GE's OnPoint solutions are customized service agreements tailored to the operational and financial needs of each customer for any size fleet. These agreements are designed to help lower the customers' cost of ownership and maximize the use of their assets. Backed by GE's global support network, OnPoint services may include overhaul, on wing support, new and used-serviceable parts, component repair, technology upgrades, engine leasing, integrated systems support and diagnostics and integrated systems.
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.ge.com/aviation<http://www.ge.com/aviation>. Follow GE Aviation on Twitter at http://twitter.com/GEAviation and YouTube at http://www.youtube.com/user/GEAviation.
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