GE VALUES QATAR AIRWAYS ENGINE ORDER AT MORE THAN $600 MLN
(The following is a reformatted version of a press release issued by GE Aviation and received via e-mail. The release was confirmed by the sender.)
Qatar Airways Announces Order for GE90-115B-powered Boeing 777-300ERs
LE BOURGET - June 17, 2013 - Qatar Airways announced an order for nine GE90-115B-powered Boeing 777-300ERs. This includes a firm order for two aircraft and a commitment for an additional seven aircraft. The list price of the total engine order and commitment is valued at more than $600 million (USD).
“This order and commitment for nine GE90-115B-powered Boeing 777-300ERs demonstrates the continued customer interest in this extremely successful aircraft-engine combination,” said Kevin McAllister, vice president and general manager of Global Sales & Marketing at GE Aviation. “Qatar Airways is a significant customer for GE Aviation, and we are honored to provide engines to help the airline with its route expansion plans.” Qatar Airways, based in Doha, currently operates 35 Boeing passenger and cargo 777s of various types, including 22 777-300ERs, nine 777-200LR (Longer Range) airplanes and four 777 Freighters all powered by GE90 engines. The two firm airplanes give Qatar Airways a backlog of nine Boeing 777s. When the additional seven become firm, the backlog will rise to 16. 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, 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 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.geaviation.com. Follow GE Aviation on Twitter at http://twitter.com/GEAviationand YouTube at http://www.youtube.com/user/GEAviation.
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