STOCK TITAN

American Airlines Orders 180 CF34 Engines to Power New Embraer 175 Fleet

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

GE Aerospace has secured an order from American Airlines for 180 CF34-8E engines plus spares to power 90 new Embraer 175 regional jets. This deal reinforces the long-standing partnership between the two companies and highlights GE's success in providing industry-leading products and services. The CF34 engine line has a strong presence in the market, with over 7,500 engines in service across more than 900 operators globally.

The CF34-8E model has accumulated over 40 million flight hours and 29 million cycles since its introduction in 2004. The entire CF34 engine line boasts an impressive dispatch reliability rate of 99.97%. Additionally, all CF34 engines can operate on approved SAF fuel blends, aligning with sustainability efforts in the aviation industry.

GE Aerospace ha ottenuto un ordine da American Airlines per 180 motori CF34-8E più ricambi per alimentare 90 nuovi jet regionali Embraer 175. Questo accordo rafforza la lunga partnership tra le due aziende e mette in evidenza il successo di GE nel fornire prodotti e servizi leader nel settore. La linea di motori CF34 ha una forte presenza sul mercato, con oltre 7.500 motori in servizio presso più di 900 operatori a livello globale.

Il modello CF34-8E ha accumulato oltre 40 milioni di ore di volo e 29 milioni di cicli dal suo lancio nel 2004. L'intera linea di motori CF34 vanta un impressionante tasso di affidabilità nella spedizione del 99,97%. Inoltre, tutti i motori CF34 possono operare con miscele di carburante SAF approvate, allineandosi agli sforzi di sostenibilità nell'industria aeronautica.

GE Aerospace ha conseguido un pedido de American Airlines para 180 motores CF34-8E más repuestos para impulsar 90 nuevos jets regionales Embraer 175. Este acuerdo refuerza la larga asociación entre las dos compañías y destaca el éxito de GE en la provisión de productos y servicios líderes en la industria. La línea de motores CF34 tiene una fuerte presencia en el mercado, con más de 7,500 motores en servicio en más de 900 operadores a nivel global.

El modelo CF34-8E ha acumulado más de 40 millones de horas de vuelo y 29 millones de ciclos desde su introducción en 2004. Toda la línea de motores CF34 presume de una impresionante tasa de fiabilidad de despacho del 99,97%. Además, todos los motores CF34 pueden operar con mezclas de combustible SAF aprobadas, alineándose con los esfuerzos de sostenibilidad en la industria de la aviación.

GE 항공은 아메리칸 항공으로부터 180개의 CF34-8E 엔진과 90대의 새로운 엠브라에르 175 지역 항공기를 구동할 스페어 부품 주문을 확보했습니다. 이 거래는 두 회사 간의 오랜 파트너십을 강화하며 산업을 선도하는 제품과 서비스를 제공하는 GE의 성공을 강조합니다. CF34 엔진 라인은 시장에서 강력한 존재감을 가지고 있으며, 전 세계 900개 이상의 운영자에서 7,500개 이상의 엔진이 서비스 중입니다.

CF34-8E 모델은 2004년 도입 이후 4천만 시간 이상의 비행 시간과 2,900만 사이클을 누적했습니다. 전체 CF34 엔진 라인은 99.97%의 인상적인 발송 신뢰성 비율을 자랑합니다. 게다가, 모든 CF34 엔진은 승인된 SAF 연료 혼합물로 작동할 수 있어 항공 산업의 지속 가능성 노력과 맞춰져 있습니다.

GE Aerospace a obtenu une commande de American Airlines pour 180 moteurs CF34-8E ainsi que des pièces de rechange pour alimenter 90 nouveaux jets régionaux Embraer 175. Cet accord renforce le partenariat de longue date entre les deux entreprises et souligne le succès de GE dans la fourniture de produits et services à la pointe de l'industrie. La gamme de moteurs CF34 a une forte présence sur le marché, avec plus de 7 500 moteurs en service auprès de plus de 900 opérateurs dans le monde.

Le modèle CF34-8E a accumulé plus de 40 millions d'heures de vol et 29 millions de cycles depuis son lancement en 2004. L'ensemble de la gamme de moteurs CF34 affiche un impressionnant taux de fiabilité de 99,97%. De plus, tous les moteurs CF34 peuvent fonctionner avec des mélanges de carburant SAF approuvés, s'alignant sur les efforts de durabilité dans l'industrie de l'aviation.

GE Aerospace hat einen Auftrag von American Airlines über 180 CF34-8E-Triebwerke sowie Ersatzteile zur Antriebsversorgung von 90 neuen Embraer 175 Regionaljets gesichert. Dieses Geschäft verstärkt die langjährige Partnerschaft zwischen den beiden Unternehmen und hebt GEs Erfolg bei der Bereitstellung von branchenführenden Produkten und Dienstleistungen hervor. Die CF34-Triebwerksreihe hat eine starke Marktpräsenz mit über 7.500 Triebwerken im Einsatz bei mehr als 900 Betreibern weltweit.

Das Modell CF34-8E hat seit seiner Einführung im Jahr 2004 über 40 Millionen Flugstunden und 29 Millionen Zyklen akkumuliert. Die gesamte CF34-Triebwerksreihe weist eine beeindruckende Verfügbarkeitsrate von 99,97% auf. Darüber hinaus können alle CF34-Triebwerke mit genehmigten SAF-Benzinmischungen betrieben werden, was den Nachhaltigkeitsbemühungen in der Luftfahrtindustrie entspricht.

Positive
  • American Airlines ordered 180 CF34-8E engines plus spares from GE Aerospace
  • CF34 engine line has over 7,500 engines in service with 900+ operators globally
  • CF34-8E model has accumulated over 40 million flight hours since 2004
  • CF34 engine line boasts a 99.97% dispatch reliability rate
  • All CF34 engines can operate on approved SAF fuel blends
Negative
  • None.

Insights

This purchase order from American Airlines for 180 CF34-8E engines from GE Aerospace is a significant development in the aviation sector. It showcases American Airlines' commitment to modernizing its fleet with reliable and fuel-efficient engines. The CF34 engine series, particularly the -8E model, has a well-established reputation for reliability and performance. This move could be seen as a strategic effort to enhance operational efficiency and sustainability by utilizing engines that can run on approved SAF (Sustainable Aviation Fuel) blends.

For GE Aerospace, this order reinforces its market position in the regional jet segment, potentially driving revenue growth and market share. This collaboration not only strengthens GE Aerospace's business relationship with American Airlines but also signals confidence in their product's long-term reliability and performance. Investors should note the potential for increased sales and service contracts linked to this deal, positively impacting GE's financial outlook.

From a financial perspective, this order could have a notable impact on GE Aerospace's revenue streams. Each CF34-8E engine, typically valued at around $5 million to $6 million, represents a substantial financial commitment from American Airlines. This contract, therefore, translates into a deal worth approximately $900 million to $1.08 billion, not including spares and potential maintenance contracts. Such a sizable order underscores GE Aerospace's strong market position and product reliability.

For American Airlines, investing in these new engines may result in long-term cost savings through improved fuel efficiency and reduced maintenance expenses. Additionally, the ability to use SAF blends aligns with the broader industry trend towards sustainability, potentially enhancing their corporate image and compliance with environmental regulations.

This order is indicative of a broader trend where major airlines are increasingly focusing on fleet modernization and environmental sustainability. The regional jet market represents a critical component of the overall aviation industry and investments in newer, more efficient engines are essential for maintaining competitive advantage. The CF34-8E's impressive dispatch reliability rate of 99.97% highlights its operational dependability, which is a significant factor for airlines operating frequent and short-haul flights.

Such deals can also be seen as a vote of confidence in the recovery of the aviation industry post-pandemic. Airlines are more willing to commit to substantial investments as passenger traffic rebounds and economic conditions stabilize. This trend towards modernization could spur further orders across the industry, benefiting engine manufacturers and ancillary service providers.

FARNBOROUGH, England, July 23, 2024 /PRNewswire/ -- GE Aerospace (NYSE:GE) announced that American Airlines has finalized an order for 180 CF34-8E engines plus spares to power its fleet of 90 new Embraer 175 regional jets.

"The CF34 engine has a long track record of success with American Airlines and we're grateful the American team is putting its trust in us again," said Russell Stokes, President and CEO, Commercial Engines and Services, GE Aerospace. "This order, along with the CFM deals announced this spring with American, highlight our continued success at providing our customers industry-leading products and services."

More than 7,500 CF34 engines are in service with more than 900 Regional and Business Jet operators globally. The CF34-8E has accumulated more than 40 million flight hours and 29 million cycles since entering service on the Embraer E170/175 in 2004. Today, the CF34 engine line, which includes -3, -8, and -10 models, powers more than 2,500 regional commercial aircraft.

"The reliability and performance of the CF34 engine has been critical to our success for many years," said American's CFO Devon May. "We look forward to continuing our strong partnership with GE Aerospace as we invest in modernizing and strengthening our domestic and regional fleet."

GE Aerospace has delivered nearly 11,000 CF34 engines and the line has a track record for outstanding reliability and durability, with a dispatch reliability rate of 99.97% (12-month rolling). All CF34 engines (like all GE Aerospace engines) can operate on approved SAF fuel blends today.

About GE Aerospace
GE Aerospace (NYSE:GE) is a global aerospace propulsion, services, and systems leader with an installed base of approximately 44,000 commercial and 26,000 military aircraft engines. With a global team of 52,000 employees building on more than a century of innovation and learning, GE Aerospace is committed to inventing the future of flight, lifting people up, and bringing them home safely. Learn more about how GE Aerospace and its partners are defining flight for today, tomorrow and the future at www.geaerospace.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/american-airlines-orders-180-cf34-engines-to-power-new-embraer-175-fleet-302204003.html

SOURCE GE Aerospace

FAQ

How many CF34-8E engines did American Airlines order from GE Aerospace (GE)?

American Airlines ordered 180 CF34-8E engines plus spares from GE Aerospace to power its fleet of 90 new Embraer 175 regional jets.

What is the dispatch reliability rate of the CF34 engine line?

The CF34 engine line has a dispatch reliability rate of 99.97% (12-month rolling).

How many flight hours has the CF34-8E engine accumulated since entering service?

The CF34-8E engine has accumulated more than 40 million flight hours and 29 million cycles since entering service on the Embraer E170/175 in 2004.

Can GE's CF34 engines operate on sustainable aviation fuel (SAF)?

Yes, all CF34 engines, like all GE Aerospace engines, can operate on approved SAF fuel blends today.

GE Aerospace

NYSE:GE

GE Rankings

GE Latest News

GE Stock Data

209.29B
1.08B
0.15%
79.73%
0.92%
Aerospace & Defense
Electronic & Other Electrical Equipment (no Computer Equip)
Link
United States of America
EVENDALE