GE Aviation and Its Joint Venture CFM Receive $22B in Orders/Commitments at Farnborough Air Show
July 19, 2018
Related To: GE Aviation
GE Aviation and its joint CFM International, a 50/50 company of GE and Safran Aircraft Engines, received more than $22 billion (USD) in orders and commitments for its jet engines and services at the 2018 Farnborough Air Show in London this week.
Engine orders and commitments included more than 850 LEAP and CFM56 engines, 250 CF34 engines, close to 100 GE90-115B engines and almost 50 GEnx engines.
Highlights from the show are:
- Air Lease Corporation (NYSE: AL) selected CFM International's LEAP-1A engine to power 34 previously announced Airbus A321neo aircraft and finalized an order for 85 LEAP-1B powered Boeing 737 MAX aircraft. The engine order is valued at more than $3.3 billion (USD) list price.
- Volga-Dnepr Group and CargoLogicHolding, signed a Letter of Intent for 29 GE90-115B-powered Boeing 777 Freighters and five GEnx-2B-powered Boeing 747-8 Freighters. The engine order is valued at more than $2.5 billion (USD) list price.
- Aeromexico signed a 12-year Rate Per Flight Hour agreement with CFM Services to support a minimum of 128 LEAP-1B engines that power its fleet of Boeing 737 MAX 8 and MAX 9 airplanes. The agreement is valued at $2.3 billion (USD) over the life of the agreement.
- Republic Airlines ordered 100 CF34-8E-powered Embraer E170/175 regional jets. The engines are valued at more than $1.4 billion (USD) list price.
- Aviation Capital Group LLC (ACG) today announced an order for LEAP-1B engines to power 20 additional Boeing 737 MAX aircraft and LEAP-1A engines to power 10 firm Airbus A320neo family aircraft. Firm engine orders are valued U.S. $800 million (USD) list price.
- GE Aviation and Microsoft announced they are joining forces to accelerate digital transformation of Aviation, aimed at delivering more robust solutions for the industry.
- GE Aviation and Teradata announced that GE Aviation will become the exclusive provider of Teradata products and services for commercial aviation markets, providing the world's biggest airlines with a single, comprehensive framework that combines high-performance analytics in the cloud from Teradata with edge-connectivity services from GE Aviation.
- Nordic Aviation Capital (NAC), the global leader in regional aircraft leasing, and GE Aviation signed a memorandum of understanding for a ten-year TrueChoiceTM Flight Hour agreement for its CF34-10E engines fleet. Under the agreement, NAC will offer GE Aviation-provided maintenance, repair and overhaul services to its CF34-10E lessees.
For a complete listing of announcements from Farnborough visit, www.geaviation.com.
GE Aviation, an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, components, integrated digital, avionics, electrical power and mechanical systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings and is part of the world's Digital Industrial Company with software-defined machines and solutions that are connected, responsive and predictive. Follow GE Aviation on Twitter at http://twitter.com/GEAviation and YouTube at http://www.youtube.com/user/GEAviation.
TMTrueChoice is a trademark of General Electric Company.
