GE Aviation Wins Engine Orders Worth Over $430 Million from Major Gulf Carriers

GE Aviation has secured significant engine orders from Qatar Airways and Kuwait-based Jazeera Airways, valued at more than $430 million. The orders are a testament to the trust and confidence of these major Gulf carriers in GE engines. The deals demonstrate the strength of GE Aviation's engine portfolio, which caters to the diverse needs of the global aviation industry.

Key Takeaways:

Qatar Airways has placed an order for six GE90-115B-powered Boeing 777-300ER engines valued at over $350 million.
Jazeera Airways has ordered CFM56-5B engines to power four of its brand new Airbus A320 aircraft, with a value of $80 million.
The GE90-115B engine, a key component of GE Aviation's "ecomagination" product portfolio, has been highly popular, with over 645 aircraft orders from 46 customers worldwide.
The engine offers advanced technologies, including a 3-D aerodynamic compressor and wide-chord, swept composite fan blades, providing greater efficiency.
CFM56-5B engines, powered by CFM International, have delivered more than 22,200 engines to date and are the leading supplier of commercial aircraft engines.
Approximately 60% of all Airbus A320s in service or on order are powered by the CFM56-5B engine.
The new CFM56-5B Performance Improvement Package (PIP) will provide improved performance and reliability, meeting current ICAO CAEP/6 standards.

Statistics:

Total engine orders: over $430 million
Qatar Airways order: $350 million
Jazeera Airways order: $80 million
Total CFM56-5B engines delivered: over 22,200
GE90-115B aircraft orders: over 645
CFM56-5B engine powering A320s: approximately 60%
Delivery period of Jazeera Airways engines: between 2012 and 2014

Sources:

"GE Aviation Wins Engine Orders Worth Over $430 Million from Major Gulf Carriers" - TradeArabia News Service (c) 2011
"GE Aviation receives engine orders worth over $430 million from Qatar Airways and Jazeera Airways" - Al Hilal Publishing & Marketing Group (c) 2011