Emirates signs US$16bn OnPoint deal with GE Aviation
Emirates has signed a US$16 billion OnPoint solution agreement with GE Aviation for the maintenance, repair and overhaul of the GE9X engines that will power the airline’s fleet of 150 Boeing 777X aircraft over a period of 12 years.
This is Emirates’ largest engine MRO contract to date.
At the 2013 Dubai Air Show, Emirates placed a record US$76 billion order for 150 Boeing 777X twin-engine aircraft, powered by GE’s new GE9X engine.
The single largest order by value in the history of US commercial aviation, it included 300 units of GE9X engines, alone worth US$16 billion at list price.
It was also GE Aviation’s largest ever commercial jet engine award from an airline.
Emirates also signed a 12-year OnPoint solution contract with GE Aviation worth US$36 million, covering the maintenance and inventory support for various avionics, electrical power and mechanical systems on all Emirates Boeing 777 aircraft in currently service and the 44 more 777-300ERs on order.
Under this programme, GE will provide the maintenance and support services for Emirates’ Boeing 777 fleet with a strengthened local programme management and stock support in Dubai, supported by GE’s global repair, overhaul and logistics facilities in the UK, the US, and Asia.
Ahmed bin Saeed Al Maktoum, chairman, Emirates Airline and Group said: “Operating a modern and efficient fleet is at the foundation of Emirates’ success.
“Aircraft and engine purchases are long-term investments.
“It is also a commitment that involves many other related services over the life-span of the aircraft, generating and sustaining jobs throughout the aviation supply chain.
“Emirates currently operates GE engines on over 100 Boeing 777 in our fleet.
“Over the years, we have built a successful relationship with the GE team, and we cooperate in many areas including technology and innovation sharing, and also at our state of the art engine maintenance centre in Dubai.
“We look forward to extending this partnership to our GE9X-powered Boeing 777X fleet.”
OnPoint solutions are customised service agreements tailored to the operational and financial needs of each airline customer.
These agreements are designed to help lower the customers’ cost of ownership and maximise the use of their assets.
Backed by GE’s global support network, OnPoint services may include overhaul, on wing support, new and used serviceable parts, component repair, technology upgrades, engine leasing, integrated systems support and diagnostics and integrated systems.