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British Airways Orders First GEnx Engines for New 787 Dreamliners

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GE Aerospace has secured a significant order from International Airlines Group (IAG) for GEnx engines to power six new 787 Dreamliners for British Airways. This marks the first introduction of the GEnx engine into British Airways' fleet. The GEnx-1B engine, which powers two-thirds of 787 aircraft in service, offers a 1.4% fuel burn savings compared to competitors and can operate on approved Sustainable Aviation Fuel (SAF) blends.

The GEnx engine family has accumulated over 56 million flight hours since 2011 and is GE Aerospace's fastest-selling high-thrust engine, with nearly 3,000 engines in service and on backlog. This order reinforces the strong relationship between GE Aerospace and British Airways, which already operates aircraft powered by GE90, CF34, and LEAP engines.

GE Aerospace ha ottenuto un importante ordine da International Airlines Group (IAG) per i motori GEnx destinate a sei nuovi 787 Dreamliner per British Airways. Questo segna la prima introduzione del motore GEnx nella flotta di British Airways. Il motore GEnx-1B, che alimenta due terzi degli aerei 787 in servizio, offre un risparmio di carburante del 1,4% rispetto ai concorrenti e può funzionare con miscele approvate di Carburante Aviazione Sostenibile (SAF).

La famiglia di motori GEnx ha accumulato oltre 56 milioni di ore di volo dal 2011 ed è il motore ad alta spinta più venduto di GE Aerospace, con quasi 3.000 motori in servizio e in backlog. Questo ordine rafforza il forte legame tra GE Aerospace e British Airways, che già opera aerei alimentati da motori GE90, CF34 e LEAP.

GE Aerospace ha conseguido un pedido significativo de International Airlines Group (IAG) para los motores GEnx que impulsarán seis nuevos 787 Dreamliners para British Airways. Esto marca la primera introducción del motor GEnx en la flota de British Airways. El motor GEnx-1B, que impulsa dos tercios de los aviones 787 en servicio, ofrece un ahorro de combustible del 1,4% en comparación con los competidores y puede operar con mezclas aprobadas de Combustible de Aviación Sostenible (SAF).

La familia de motores GEnx ha acumulado más de 56 millones de horas de vuelo desde 2011 y es el motor de alta potencia de mayor venta de GE Aerospace, con casi 3.000 motores en servicio y en backlog. Este pedido refuerza la sólida relación entre GE Aerospace y British Airways, que ya opera aviones impulsados por los motores GE90, CF34 y LEAP.

GE Aerospace는 International Airlines Group(IAG)로부터 GEnx 엔진에 대한 중요한 주문을 확보하여 British Airways의 여섯 대의 새로운 787 드림라이너에 힘을 실어주게 됩니다. 이는 GEnx 엔진이 British Airways의 함대에 처음 도입되는 것을 의미합니다. GEnx-1B 엔진은 운영 중인 787 항공기의 3분의 2를 지원하며 경쟁사에 비해 연료 소모 절약량이 1.4%에 달하고 승인된 지속 가능한 항공 연료(SAF) 혼합물에서 작동할 수 있습니다.

GEnx 엔진 패밀리는 2011년 이후로 5600만 비행 시간을 기록했으며, GE Aerospace의 가장 빠르게 판매되는 고출력 엔진으로, 거의 3,000개의 엔진이 서비스 중이거나 주문 대기 중입니다. 이번 주문은 GE Aerospace와 British Airways 간의 강력한 관계를 강화하며, British Airways는 이미 GE90, CF34 및 LEAP 엔진으로 구동되는 항공기를 운영하고 있습니다.

GE Aerospace a obtenu une commande significative du International Airlines Group (IAG) pour des moteurs GEnx destinés à équiper six nouveaux 787 Dreamliners pour British Airways. Cela marque la première introduction du moteur GEnx dans la flotte de British Airways. Le moteur GEnx-1B, qui propulse deux tiers des avions 787 en service, offre une économie de carburant de 1,4% par rapport aux concurrents et peut fonctionner avec des mélanges de carburant d'aviation durable (SAF) approuvés.

La famille de moteurs GEnx a cumulé plus de 56 millions d'heures de vol depuis 2011 et est le moteur à forte poussée le plus vendu de GE Aerospace, avec près de 3 000 moteurs en service et en attente. Cette commande renforce la solide relation entre GE Aerospace et British Airways, qui opère déjà des avions propulsés par les moteurs GE90, CF34 et LEAP.

GE Aerospace hat einen bedeutenden Auftrag von der International Airlines Group (IAG) für GEnx-Triebwerke erhalten, um sechs neue 787 Dreamliner für British Airways auszurüsten. Dies markiert die erste Einführung des GEnx-Triebwerks in die Flotte von British Airways. Das GEnx-1B-Triebwerk, das zwei Drittel der im Einsatz befindlichen 787-Flugzeuge antreibt, bietet im Vergleich zu Wettbewerbern eine Kraftstoffeinsparung von 1,4% und kann mit zugelassenen nachhaltigen Flugkraftstoffen (SAF)-Mischungen betrieben werden.

Die GEnx-Triebwerksfamilie hat seit 2011 über 56 Millionen Flugstunden angesammelt und ist das am schnellsten verkaufte Hochleistungstriebwerk von GE Aerospace, mit fast 3.000 Triebwerken im Einsatz und auf Bestellung. Dieser Auftrag verstärkt die enge Beziehung zwischen GE Aerospace und British Airways, die bereits Flugzeuge betreibt, die von GE90-, CF34- und LEAP-Triebwerken angetrieben werden.

Positive
  • Secured order for GEnx engines to power six new 787 Dreamliners for British Airways
  • GEnx-1B offers 1.4% fuel burn savings compared to competitors
  • GEnx engine family has over 56 million flight hours since 2011
  • Nearly 3,000 GEnx engines in service and on backlog
Negative
  • None.

Insights

This purchase by British Airways (BA) signifies a strategic investment in fuel efficiency and operational reliability. The GEnx engines are noted for their improved fuel burn rate, which can translate into significant cost savings for BA over time. Furthermore, relying on GE Aerospace, with which they have a long-standing relationship, reduces the operational risk associated with integrating new technology. This deal aligns with BA's broader strategy of modernizing its fleet to remain competitive and should enhance its profitability by lowering operating costs.

The introduction of GEnx engines into BA's fleet strengthens GE Aerospace's position in the market, showcasing the continued demand for their products. Fuel efficiency has become increasingly important in the aviation industry due to rising fuel costs and environmental regulations. This transaction highlights the trend toward sustainable aviation fuel (SAF) readiness, a growing necessity. For investors, this deal signifies confidence in GE Aerospace's technology and could positively impact its stock value as it solidifies its market share with a premium airline like BA.

The capability of GEnx engines to operate on Sustainable Aviation Fuel (SAF) aligns with global aviation's shift toward sustainability. By opting for engines compatible with SAF, BA is future-proofing its fleet against increasingly stringent environmental regulations. This decision not only improves BA's environmental footprint but also positions it favorably with eco-conscious investors and passengers. As the aviation industry faces pressure to reduce carbon emissions, this move reinforces BA's commitment to sustainability, potentially enhancing its brand reputation.

FARNBOROUGH, England, July 22, 2024 /PRNewswire/ -- GE Aerospace (NYSE: GE) announced today that International Airlines Group (IAG) has committed to purchasing GEnx engines to power six new 787 Dreamliners for British Airways – the first introduction of this engine into their fleet.

"British Airways was the launch customer for the highly successful GE90 engine. Bringing the GEnx into their 787 fleet represents another important milestone in our relationship," said Russell Stokes, President and CEO, Commercial Engines and Services, GE Aerospace. 

The GEnx-1B powers two out of every three 787 aircraft in service. The engine also provides a 1.4 percent fuel burn savings for the typical 787 mission compared to its competition. Like all GE Aerospace engines, the GEnx can operate on approved Sustainable Aviation Fuel (SAF) blends today.

"The GEnx engine is performing well with millions of reliable flight hours under wing and proven fuel efficiency and economics," IAG said. "This selection by IAG and British Airways affirms the confidence we have in the GEnx engine and 787 aircraft combination." 

The GEnx engine family has more than 56 million flight hours since entry into service in 2011 and is the fastest-selling, high-thrust engine in GE Aerospace history with nearly 3,000 engines in service and on backlog, including spares. 

British Airways currently operates aircraft powered by GE Aerospace's GE90, CF34 and LEAP* engines.

*CFM is a 50/50 joint venture between GE Aerospace and Safran Aircraft Engines 

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

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SOURCE GE Aerospace

FAQ

What is the significance of British Airways ordering GEnx engines for their 787 Dreamliners?

This order marks the first introduction of GEnx engines into British Airways' fleet, expanding GE's relationship with the airline and demonstrating confidence in the engine's performance and efficiency.

How does the GEnx-1B engine compare to its competitors for the 787 Dreamliner?

The GEnx-1B engine offers a 1.4% fuel burn savings for typical 787 missions compared to its competition, providing better efficiency and economics.

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

Yes, like all GE Aerospace engines, the GEnx can operate on approved Sustainable Aviation Fuel (SAF) blends today, supporting airlines' sustainability efforts.

How many GEnx engines are currently in service or on backlog for GE (NYSE: GE)?

GE Aerospace reports nearly 3,000 GEnx engines are in service and on backlog, including spares, making it the fastest-selling high-thrust engine in the company's history.

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