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EVA Orders GEnx Engines to Power Boeing 787 Fleet Expansion

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GE Aerospace has secured an order from EVA Air for GEnx engines to power their newly acquired Boeing 787-10 Dreamliner aircraft. This follows EVA's recent purchase of four 787-10s. 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 or on backlog.

EVA currently operates 15 GEnx-powered Boeing 787s and praises their fuel efficiency and reliability. The GEnx-1B engine powers two-thirds of all 787 aircraft in operation. It features advanced materials and design techniques, can operate on approved Sustainable Aviation Fuel (SAF) blends, and offers reduced weight, enhanced performance, and decreased maintenance requirements.

GE Aerospace ha ottenuto un ordine da EVA Air per i motori GEnx destinati a equipaggiare i loro nuovi aerei Boeing 787-10 Dreamliner. Questo ordine segue l'acquisto recente da parte di EVA di quattro 787-10. 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 da GE Aerospace, con quasi 3.000 motori in servizio o in arretrato.

EVA attualmente gestisce 15 Boeing 787 alimentati da GEnx e ne elogia l'efficienza nei consumi e l'affidabilità. Il motore GEnx-1B alimenta due terzi di tutti gli aerei 787 attualmente in operazione. Presenta materiali avanzati e tecniche di design, può utilizzare miscele di Carburante Sostenibile per Aviazione (SAF) approvate, e offre un peso ridotto, prestazioni migliorate e minori necessità di manutenzione.

GE Aerospace ha obtenido un pedido de EVA Air para los motores GEnx que impulsarán sus nuevos aviones Boeing 787-10 Dreamliner. Este pedido sigue a la reciente compra de EVA de cuatro 787-10. 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 más rápido venta de GE Aerospace, con casi 3,000 motores en servicio o en espera.

EVA opera actualmente 15 Boeing 787 impulsados por GEnx y elogia su eficiencia de combustible y confiabilidad. El motor GEnx-1B impulsa dos tercios de todos los aviones 787 en operación. Presenta materiales avanzados y técnicas de diseño, puede operar con mezclas de Combustible Sostenible para Aviación (SAF) aprobadas, y ofrece menor peso, mejor rendimiento y menores requisitos de mantenimiento.

GE 항공우주(GE Aerospace)는 EVA 항공으로부터 신규 인수한 Boeing 787-10 드림라이너 항공기에 GEnx 엔진을 공급하기 위한 주문을 확보했습니다. 이는 EVA가 최근 4대의 787-10을 구매한 것에 따른 것입니다. GEnx 엔진 패밀리는 2011년 이후로 5,600만 비행 시간 이상을 기록했으며, GE 항공우주의 가장 빠르게 판매되고 있는 고추력 엔진으로, 거의 3,000개 엔진이 서비스 중이거나 대기 중입니다.

EVA는 현재 GEnx 엔진이 장착된 15대의 Boeing 787을 운영하고 있으며, 그 연료 효율성과 신뢰성을 높이 평가하고 있습니다. GEnx-1B 엔진은 운영 중인 모든 787 항공기의 3분의 2를 구동합니다. 이 엔진은 첨단 소재와 설계 기법을 사용하며, 승인된 지속 가능한 항공 연료(SAF) 혼합물로 운영할 수 있고, 경량화, 향상된 성능, 그리고 감소된 유지보수 요구사항을 제공합니다.

GE Aerospace a obtenu une commande d'EVA Air pour des moteurs GEnx destinés à alimenter leurs nouveaux avions Boeing 787-10 Dreamliner. Cela fait suite à l'achat récent par EVA de quatre 787-10. La famille de moteurs GEnx a cumulé plus de 56 millions d'heures de vol depuis 2011 et est le moteur à haute poussée le plus vendu de GE Aerospace, avec près de 3 000 moteurs en service ou en attente.

EVA exploite actuellement 15 Boeing 787 propulsés par GEnx et fait l'éloge de leur efficacité énergétique et de leur fiabilité. Le moteur GEnx-1B propulse deux tiers de tous les avions 787 en service. Il présente des matériaux avancés et des techniques de conception, peut fonctionner avec des mélanges de Carburant Aérien Durable (SAF) approuvés et offre un poids réduit, des performances améliorées et une réduction des besoins d'entretien.

GE Aerospace hat einen Auftrag von EVA Air für GEnx-Triebwerke erhalten, um ihre neu erworbenen Boeing 787-10 Dreamliner zu betreiben. Dieser folgt auf den jüngsten Kauf von vier 787-10 durch EVA. Die GEnx-Triebwerksfamilie hat seit 2011 über 56 Millionen Flugstunden gesammelt und ist das am schnellsten verkaufte Hochleistungstriebwerk von GE Aerospace, mit fast 3.000 Triebwerken im Betrieb oder im Rückstand.

EVA betreibt derzeit 15 Boeing 787 mit GEnx-Antrieb und lobt deren Treibstoffeffizienz und Zuverlässigkeit. Das GEnx-1B-Triebwerk treibt zwei Drittel aller 787-Flugzeuge in Betrieb an. Es zeichnet sich durch fortschrittliche Materialien und Designtechniken aus, kann mit genehmigten Nachhaltigen Flugkraftstoffen (SAF) betrieben werden und bietet reduziertes Gewicht, verbesserte Leistung und geringere Wartungsanforderungen.

Positive
  • GE Aerospace secured a new order for GEnx engines from EVA Air
  • GEnx engine family has accumulated over 56 million flight hours since 2011
  • GEnx is GE Aerospace's fastest-selling high-thrust engine with nearly 3,000 engines in service or on backlog
  • GEnx-1B engine powers two-thirds of all 787 aircraft in operation
  • GEnx engines can operate on approved Sustainable Aviation Fuel (SAF) blends
Negative
  • None.

Insights

Financial implications: The announcement of EVA Air's order for GEnx engines is significant for GE Aerospace. The GEnx engine is one of GE's most successful products, with a high number of engines already in service. Adding more engines to EVA's fleet increases GE's revenue streams from both new sales and long-term service agreements. This can positively impact GE's financial performance metrics, such as quarterly revenues and earnings per share (EPS).

Stock impact: Investors can anticipate a short-term boost in GE's stock price due to this order. The aviation sector's growth and the demand for fuel-efficient engines align well with GE's strengths. However, it's essential for investors to monitor any potential supply chain disruptions that could affect delivery schedules and costs.

Market positioning: GE's continued success with the GEnx engines strengthens its competitive position in the aerospace industry. The fact that EVA Air, a major airline, continues to rely on GE engines, indicates strong customer loyalty and satisfaction. This could lead to further orders from EVA or other airlines looking for reliable and efficient engine solutions.

Technological advancements: The GEnx engine is a significant technological leap in propulsion design. Its use of advanced materials and design techniques results in better fuel efficiency, lower emissions and reduced maintenance. These factors make it highly suitable for long-haul flights where operational efficiency is critical.

Industry standards: The ability to operate on Sustainable Aviation Fuel (SAF) blends positions the GEnx engine well within the industry's move towards sustainable practices. This not only meets current regulations but also prepares GE Aerospace for future environmental standards, which is important for long-term market competitiveness.

Market dynamics: The aviation industry is seeing a steady recovery post-pandemic, with increasing demand for air travel and fleet expansions. EVA Air's decision to expand its fleet with Boeing 787-10 Dreamliners and GEnx engines illustrates this trend. GE Aerospace benefits from this market recovery, as airlines look for efficient and reliable engines to power new aircraft.

Customer retention: EVA Air's continued partnership with GE for its engines indicates high customer satisfaction and trust in GE's products. This relationship is important for GE's market dominance, as satisfied customers are likely to return for future orders and recommend GE to others in the industry.

FARNBOROUGH, England, July 24, 2024 /PRNewswire/ -- GE Aerospace (NYSE: GE) announced that following EVA Air's recent deal to purchase four Boeing 787-10 Dreamliner aircraft, the airline has placed an order for GEnx engines to power their new aircraft.

"We're thrilled EVA has selected our high performance GEnx engine to power its fleet expansion," said Russell Stokes, President and CEO, Commercial Engines and Services, GE Aerospace. "We look forward to ensuring GEnx engines continue providing outstanding economic and operational performance."

Since its introduction in 2011, the GEnx engine family has accumulated over 56 million flight hours. It stands as GE Aerospace's fastest-selling, high-thrust engine to date, with nearly 3,000 engines currently in service or on backlog, including spare units.

"EVA currently operates 15 GEnx powered Boeing 787s, and they have demonstrated outstanding fuel burn, performance and reliability," said Clay Sun, President of EVA. "The additional engines will help us further expand our fleet to manage our growing route schedule." 

The GEnx-1B engine powers two-thirds of all 787 aircraft currently in operation. Engineered with cutting-edge materials and advanced design techniques, the GEnx represents a significant advancement in propulsion technology. 

Like all GE Aerospace engines, the GEnx can operate on approved Sustainable Aviation Fuel (SAF) blends today. With reduced weight, enhanced performance, and decreased maintenance requirements, it's been established as the optimal engine for long-distance flights.

Established in 1989, EVA currently operates a fleet of commercial planes around the world and cargo planes across Asia and North America. The airline is powered by several GE engines including GEnx, GE90, and CFM 56* 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 latest order GE Aerospace received for its GEnx engines?

GE Aerospace received an order from EVA Air for GEnx engines to power their newly acquired Boeing 787-10 Dreamliner aircraft.

How many flight hours has the GEnx engine family accumulated since its introduction in 2011?

The GEnx engine family has accumulated over 56 million flight hours since its introduction in 2011.

What percentage of Boeing 787 aircraft are powered by the GEnx-1B engine?

The GEnx-1B engine powers two-thirds of all Boeing 787 aircraft currently in operation.

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.

How many GEnx-powered Boeing 787s does EVA Air currently operate?

EVA Air currently operates 15 GEnx-powered Boeing 787 aircraft.

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