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Japan Airlines Signs Deal for GEnx to Power New 787s

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GE Aerospace has secured an order from Japan Airlines for GEnx-1B engines to power up to 20 new Boeing 787-9 Dreamliner aircraft. This deal strengthens the long-standing relationship between the two companies, with Japan Airlines being the launch customer for the GEnx engine. The GEnx engine family has achieved 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.

The GEnx-1B powers two out of every three 787 aircraft in service and can operate on approved Sustainable Aviation Fuel (SAF) blends. Japan Airlines and its subsidiary currently operate a fleet of 53 Boeing 787s powered by GEnx engines, reaching 3 million engine flight hours in early 2024.

GE Aerospace ha ottenuto un ordine da Japan Airlines per i motori GEnx-1B destinati a equipaggiare fino a 20 nuovi aerei Boeing 787-9 Dreamliner. Questo accordo rafforza la lunga relazione tra le due aziende, con Japan Airlines che è il cliente di lancio per il motore GEnx. La famiglia di motori GEnx ha raggiunto 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 ordine.

Il GEnx-1B alimenta due aerei 787 su tre attualmente in servizio e può operare con miscele approvate di Carburante Sostenibile per l'Aviazione (SAF). Japan Airlines e la sua controllata attualmente gestiscono una flotta di 53 Boeing 787 alimentati da motori GEnx, raggiungendo 3 milioni di ore di volo del motore all'inizio del 2024.

GE Aerospace ha conseguido un pedido de Japan Airlines para motores GEnx-1B que impulsarán hasta 20 nuevos aviones Boeing 787-9 Dreamliner. Este acuerdo fortalece la relación a largo plazo entre ambas compañías, siendo Japan Airlines el cliente de lanzamiento para el motor GEnx. La familia de motores GEnx ha alcanzado más de 56 millones de horas de vuelo desde 2011 y es el motor de alta potencia de GE Aerospace que más rápido se vende, con casi 3,000 motores en servicio y en cartera.

El GEnx-1B impulsa dos de cada tres aviones 787 en servicio y puede operar con mezclas aprobadas de Combustible Sostenible para la Aviación (SAF). Japan Airlines y su subsidiaria operan actualmente una flota de 53 Boeing 787 alimentados por motores GEnx, alcanzando las 3 millones de horas de vuelo del motor a principios de 2024.

GE 항공우주는 일본 항공으로부터 GEnx-1B 엔진 주문을 받아 최대 20대의 새로운 보잉 787-9 드림라이너 항공기를 구동할 예정입니다. 이 계약은 양사 간의 오랜 관계를 더욱 강화하며, 일본 항공은 GEnx 엔진의 최초 고객입니다. GEnx 엔진 군은 2011년 이후로 5600만 비행 시간 이상을 달성했으며, GE 항공우주의 가장 빠르게 판매되는 고출력 엔진으로 3000대 가량의 엔진이 서비스되고 주문 대기 중입니다.

GEnx-1B는 현재 서비스 중인 세 대 중 두 대의 787 항공기에 동력을 공급하며, 승인된 지속 가능한 항공 연료(SAF) 혼합물로 작동할 수 있습니다. 일본 항공과 그 자회사는 현재 GEnx 엔진으로 구동되는 53대의 보잉 787 플릿을 운영하고 있으며, 2024년 초에 300만 엔진 비행 시간을 달성할 예정입니다.

GE Aerospace a sécurisé une commande de Japan Airlines pour des moteurs GEnx-1B afin d'équiper jusqu'à 20 nouveaux avions Boeing 787-9 Dreamliner. Cet accord renforce la relation de longue date entre les deux entreprises, Japan Airlines étant le client de lancement pour le moteur GEnx. La famille de moteurs GEnx a atteint plus de 56 millions d'heures de vol depuis 2011 et est le moteur à forte puissance le plus rapidement vendu de GE Aerospace, avec près de 3 000 moteurs en service et en attente.

Le GEnx-1B propulse deux avions 787 sur trois en service et peut fonctionner avec des mélanges de carburant aviation durable (SAF) approuvés. Japan Airlines et sa filiale exploitent actuellement une flotte de 53 Boeing 787 propulsés par des moteurs GEnx, atteignant 3 millions d'heures de vol de moteur début 2024.

GE Aerospace hat einen Auftrag von Japan Airlines für GEnx-1B-Triebwerke erhalten, um bis zu 20 neue Boeing 787-9 Dreamliner-Flugzeuge anzutreiben. Dieses Geschäft stärkt die langjährige Beziehung zwischen den beiden Unternehmen, wobei Japan Airlines der Erstkunde für das GEnx-Triebwerk ist. Die GEnx-Triebwerksfamilie hat seit 2011 über 56 Millionen Flugstunden erreicht und ist das am schnellsten verkaufte Hochschubtriebwerk von GE Aerospace, mit fast 3.000 Triebwerken, die im Einsatz und in Rückstand sind.

Das GEnx-1B treibt zwei von drei 787-Flugzeugen im Einsatz an und kann mit genehmigten Mischungen von nachhaltigem Flugkraftstoff (SAF) betrieben werden. Japan Airlines und ihre Tochtergesellschaft betreiben derzeit eine Flotte von 53 Boeing 787, die von GEnx-Triebwerken angetrieben wird, mit der Erreichung von 3 Millionen Triebwerksflugstunden Anfang 2024.

Positive
  • Secured order for GEnx-1B engines from Japan Airlines for up to 20 new Boeing 787-9 Dreamliners
  • GEnx engine family has over 56 million flight hours since 2011
  • Nearly 3,000 GEnx engines in service and on backlog
  • GEnx-1B powers two out of every three 787 aircraft in service
  • Japan Airlines' GEnx-powered 787 fleet reached 3 million engine flight hours in early 2024
Negative
  • None.

Insights

Japan Airlines' decision to order GEnx-1B engines from GE Aerospace for its new fleet of 787-9 Dreamliners is a significant move within the aviation industry. The GEnx-1B engine is noted for its fuel efficiency and reliability, important traits given the current emphasis on sustainability and operational efficiency. From an industry perspective, this deal underscores Japan Airlines' commitment to maintaining a state-of-the-art fleet, which can improve their competitive edge.

For GE Aerospace, this deal reaffirms their market dominance in the high-thrust engine segment. The GEnx engine's deployment on two-thirds of the global 787 fleet highlights its operational reliability and market preference. Such endorsements can drive further orders and reinforce GE's market position, benefiting their stock performance in the long term.

In summary, this deal positions both companies favorably, with Japan Airlines enhancing its fleet capabilities and GE Aerospace solidifying its market leadership.

From a financial perspective, this deal between Japan Airlines and GE Aerospace is likely to have a positive impact on both companies' financials. For GE Aerospace, securing a significant order for their high-performing GEnx-1B engines could lead to a boost in revenue streams and profitability. Given the engine's reputation and the scale of the order, this deal could also enhance investor confidence in GE Aerospace's commercial engines segment.

For Japan Airlines, investing in the latest and most efficient engines can lead to operational cost savings and improved fuel efficiency over time. This move can enhance their long-term financial stability and performance, particularly in a market that is increasingly focused on sustainability and cost management.

Overall, this agreement is a strategic win for both parties, with potential positive outcomes on their respective financial health and investor perceptions.

This agreement is noteworthy from a sustainability standpoint. The GEnx-1B engines are designed to be more fuel-efficient and capable of operating on Sustainable Aviation Fuel (SAF), aligning with the broader industry push towards greener aviation. Japan Airlines' choice of these engines reflects their commitment to reducing their carbon footprint and enhancing operational efficiency. This move can positively influence their environmental, social and governance (ESG) ratings, which are increasingly important to investors.

GE Aerospace's focus on sustainability, as evidenced by the GEnx engine's capabilities, positions them well in an industry that is rapidly evolving to meet stricter environmental regulations. This deal could serve as a benchmark for other airlines, promoting further adoption of sustainable technologies.

FARNBOROUGH, England, July 22, 2024 /PRNewswire/ -- Following Japan Airlines' agreement with Boeing for up to 20 787-9 Dreamliner aircraft, GE Aerospace (NYSE: GE) today announced an order from the airline for GEnx-1B engines to power the new aircraft.   

"GE Aerospace and Japan Airlines have a long and enduring relationship that stretches back decades, including being the launch customer for the GEnx engine," said Russell Stokes, President and CEO, Commercial Engines and Services, GE Aerospace. "We're honored Japan Airlines continues to place their trust in our products and services with this new order." 

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. 

"As a launch airline for GEnx powered 787 Dreamliner, we are delighted at introducing additional 787s. Since incorporation into our fleet, the GEnx engine has proven to be high performance, reliable and fuel efficient through thousands of flight hours," said Yukio Nakagawa, Executive Officer and Senior Vice President Procurement of Japan Airlines. "The GEnx engine is essential to the expansion of our 787 Dreamliner fleet." 

The GEnx-1B powers two out of every three 787 aircraft in service. Like all GE Aerospace engines, the GEnx can operate on approved Sustainable Aviation Fuel (SAF) blends today. Representing a giant leap forward in propulsion technology, GEnx uses lightweight durable materials and advanced design processes to reduce weight, improve performance, and lower maintenance, making it the best engine choice for long-haul flights.  

Japan Airlines and their subsidiary currently operate a fleet of 53 Boeing 787s powered by the GEnx engine, reaching 3 million engine flight hours in early 2024. The airline is also powered by GE Aerospace's CF6, GE90, CF34 and CFM56* engines.  

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

About GE Aerospace 
GE Aerospace is a world-leading provider of jet engines, components and systems for commercial and military aircraft with a global service network to support these offerings. GE Aerospace and its joint ventures have an installed base of more than 44,000 commercial and 26,000 military aircraft engines, and the business is playing a vital role in shaping the future of flight. 

About Japan Airlines 
Japan Airlines (JAL), Japan's first private aviation company, was established in 1951 and is a member of the oneworld® Alliance. The airline operates a fleet of 227 aircraft (as of March 2024) and began renewing its international long-haul aircraft with the Airbus A350-1000 starting 2023 Winter Schedule. Together with other JAL Group and partner airlines, JAL offers an extensive domestic and international network that serves 384 airports across 64 countries/regions. The airline has received numerous accolades for its exceptional service, including being recognized as a certified 5-Star Airline by Skytrax and being awarded the prestigious "World Class" Airline title by APEX, the Airline Passenger Experience Association. The airline is dedicated to ensuring the highest standards of flight safety and overall service quality, striving to be the most preferred airline by customers worldwide. For details and to learn more, visit JAL's official website at https://www.jal.com/en/.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/japan-airlines-signs-deal-for-genx-to-power-new-787s-302202887.html

SOURCE GE Aerospace

FAQ

What is the recent deal between GE Aerospace and Japan Airlines for GEnx engines?

GE Aerospace has secured an order from Japan Airlines for GEnx-1B engines to power up to 20 new Boeing 787-9 Dreamliner aircraft, announced on July 22, 2024.

How many flight hours has the GEnx engine family accumulated since its entry into service?

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

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

The GEnx-1B engines power two out of every three Boeing 787 aircraft in service, which is approximately 67%.

Can 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 Boeing 787s powered by GEnx engines does Japan Airlines currently operate?

Japan Airlines and their subsidiary currently operate a fleet of 53 Boeing 787s powered by GEnx engines.

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