GE receives a $2.5 Billion order from Emirates Airlines for GE90 Engines and OnPoint Solution Services

Emirates Airlines has ordered 42 extended-range Boeing 777 aircraft, all powered by GE90 engines, with purchase rights for an additional 20 aircraft. These GE90-115B engines will be covered by a 12-year, OnPointSM Solution service agreement with GE for maintenance and overhaul. Total value of the order is more than $2.5 billion (USD). Under the terms of the agreement, Emirates Airlines will purchase 24 Boeing 777-300ERs, 10 777-200LRs and eight 777 freighters, with purchase rights for an additional 20 aircraft. All of these aircraft models are powered by the GE90-115B, the world’s most powerful jet engine.

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First GEnx Test Engine begins assembly

Assembly of engine subasssembly for the first full-scale GEnx test engine is underway. The GEnx engine is being developed for the Boeing 787 and 747 Advanced aircraft and the Airbus A350 aircraft. The certification schedule for the GEnx engine for the A350 includes engine certification in 2007, flight tests in 2009 and aircraft/engine certification in 2010. The GEnx is based on the highly successful GE90 architecture. It will succeed GE’s CF6 engine family, which is the most reliable and best-selling engine for wide-body aircraft. The GEnx provides significantly better fuel burn and payload performance than GE’s CF6 engines. It is Read more

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Embraer issues long term aircraft market forecast

Embraer foresees a global demand for 7,950 commercial jets in the 30- to 120-seat capacity segment over the next 20 years. The Company estimates that 3,350 aircraft will be delivered between 2006 and 2015, with the remaining 4,600 units to be delivered between 2016 and 2025. The total market value is estimated at US$ 180 billion. Embraer estimates an overall demand for 9,680 business jets over the next ten years. The current forecast includes the expected worldwide demand for the very light jet segment and does not take into consideration potential demand for the new air taxi market. Over the Read more

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Airbus receives 10 Airbus A318 orders from National Air Services

National Air Services, a provider of VVIP and executive air transport services in the Middle East, has made a firm commitment to purchase five A318 Elites and has taken an option for five additional aircraft, becoming the launch customer in the Middle East for this new member of the Airbus Corporate Jetliner (ACJ) Family.

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Boeing provides 787 progress update

Boeing and representatives from 140 airlines, financial institutions and supplier partners spent two days in Seattle this week discussing progress on the all-new 787 Dreamliner airplane. Called the Progress Summit III, the meeting featured open discussion about development progress, customer requirements, airplane financing, production plans, and concepts for standardizing and simplifying the 787. Since launching the program in April 2004, 25 customers have ordered 309 airplanes. During the meeting Boeing discussed updated ranges and seat counts for each 787 family member. The range for the 787-9 is 8,600 – 8,800 nmi; the 787-8 is 8,000 – 8,500 nmi; and the Read more

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Air Canada selects GEnx and GE90-115B engines

Air Canada has selected GEnx engines to power its new Boeing 787 fleet, along with the GE90 which powers the 777-200LR and 777-300ER fleets. GEnx engines will power Air Canada’s new fleet of 14 firm Boeing 787 aircraft, along with options and purchase rights for a total of up to 60 787 aircraft. The list price value of the engines for the firm order of 787 aircraft is more than $400 million. Aircraft deliveries are scheduled to begin in 2010. GE90-115B engines will power 18 firm Boeing extended-range 777 aircraft with the purchase rights for an additional 18 777 aircraft. Read more

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General Electric's GEnx engine to power new 747-8 aircraft

The Boeing Company officially launched the new Boeing 747-8 aircraft, powered by General Electric Company’s new GEnx engine. After a lengthy technical evaluation, Boeing earlier this year had selected the GEnx as the sole engine for the 747-8 aircraft. To date, about 400 GEnx engines have been ordered to power the Boeing’s 787 and 747-8 aircraft, and the Airbus A350 aircraft. The value on these engine orders is more than $4.5 billion.

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Boeing officially launches Boeing 747-8 program

Boeing officially launched the new Boeing 747-8 program, which includes the 747-8 Intercontinental passenger airplane and the 747-8 Freighter airplane. Cargolux, based in Luxembourg, has ordered 10 747-8 Freighters and will take delivery of the first 747-8F in third-quarter 2009. It also holds purchase rights for 10 additional airplanes. Cargolux currently operates an all-Boeing fleet of 13 747-400 freighters. Nippon Cargo Airlines, based in Japan, has ordered eight 747-8 Freighters and will receive its first airplane in fourth-quarter 2009. The airline also acquired options for six additional airplanes. Nippon Cargo currently operates 13 747 freighters and has six more 747-400Fs Read more

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Kenya Airways signs for fourth Boeing 777-200ER; Leases 767-300ER

Boeing and Kenya Airways announced planned additions to the airline’s fleet with an order for its fourth 777-200ER and an option for a fifth, as well as plans to lease its sixth 767-300ER in 2006. The 777 ordered is scheduled for delivery in 2007. Kenya Airways currently operates a 21-plane fleet, which includes Boeing 737s, 767s and 777s. The airline also recently announced a lease agreement with Singapore Aircraft Leasing Enterprises for three 737-800s to be delivered in 2006.

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