GE Aviation racks up $40B in Dubai Airshow orders
GE Aviation and joint ventures wrapped up deals for engine and service orders totaling an estimated $40 billion at the Dubai Airshow, which is going on now.
Among the orders placed at the international air show was the jet engine maker’s single largest ever commercial jet engine award from an airline, GE Aviation officials said. Emirates airlines reached a commitment for 150 Boeing 777X aircraft, containing 300 GE9X engines. The 777X twin-engine aircraft and the GE9X engines are under development by Boeing and GE Aviation respectively, and are expected to enter service near the end of this decade.
Included in the show’s $40 billion log of orders for GE Aviation is $13 billion in orders for GE Aviation venture CFM International. CFM is a venture of GE and French company Snecma, headquartered in West Chester Twp., which produces the CFM engine and is readying to introduce to the market the new LEAP engine.
More than 450 LEAP orders were placed at the Dubai show, bringing total orders and commitments for the LEAP engine to more than 5,800 engines.
“GE has made enormous investments in new technologies that are driving our sales success,” said David Joyce, president and CEO of GE Aviation, in a statement.
“From ceramic matrix composites unique to the propulsion industry to the highest pressure ratios in our compressors, GE is developing a portfolio of reliable technologies that create new levels of operating efficiencies that our airline customers need,” Joyce said.
GE and its joint ventures are expected to grow from 32,000 engines installed in aircraft today to more than 46,000 by 2020, according to GE Aviation.
Business generated so far by the Dubai Airshow surpassed that of this year’s Paris Air Show for GE Aviation. At the Paris Air Show held in June, GE Aviation and its joint venture companies announced the total amount of deals landed at the earlier trade show to be more than $26.5 billion for engine orders and services.
This news outlet learned in October that GE Aviation plans to invest more than $300 million through the end of 2015 in building improvements, equipment, and technology and research in Southwest Ohio, to accommodate the growing commercial business. That includes the new GE Aviation Research Center in collaboration with the University of Cincinnati Research Institute, located at GE Aviation’s Evendale headquarters.
GE Aviation, headquartered in Evendale, in Hamilton County, employs a total 9,100 workers in the Cincinnati-Dayton region.
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