GE’s $2.5 Billion Emirates Windfall
General Electric is clearly delighted with the latest Emirates Airline order for 42 Boeing 777s and 20 options as it will supply the GE90 engines to power them, adding more than $2.5 billion in business to an already highly successful year.
The GE90-115B–the world’s most powerful aircraft engine–will be covered by the engine manufacturer’s 12-year OnPoint Solution service agreement, which includes overhaul, on-wing support, new and used parts, component repair, technology upgrades, engine leasing and diagnostics.
GE has already taken more than 250 GE90 orders in 2005. The company also booked $350 million of business in another Dubai 2005 order, for its GenX engine, to power 12 firm and eight optioned Airbus A350s for Alafco Aviation Lease and Finance.