STOCK TITAN

Qatar Airways Signs Order for GE9X Engines to Power Boeing 777-8 Freighters

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Qatar Airways has placed a significant order with GE for up to 50 Boeing 777-8 Freighters, which includes 30 GE9X engines and four GE90-115B engines. The total order value exceeds $6.8 billion, encompassing spare engines and GE TrueChoice™ services for maintenance and overhaul. This partnership underlines Qatar Airways' commitment to expanding its cargo operations while focusing on sustainability. The GE9X engine is touted as the most powerful and fuel-efficient turbofan, designed to lower emissions and support the airline’s green initiatives.

Positive
  • Qatar Airways orders up to 50 Boeing 777-8 Freighters, indicating strong demand for air freight.
  • The total value of the order with GE exceeds $6.8 billion, showcasing significant revenue for GE.
  • The GE9X engine is among the most fuel-efficient in the market, enhancing sustainability efforts.
Negative
  • None.

Agreement also includes GE90 engines for Boeing 777 Freighters and GE TrueChoice™ services

WASHINGTON--(BUSINESS WIRE)-- Qatar Airways today announced a new order for GE9X engines as part of its global launch order of up to 50 Boeing 777-8 Freighters. The commitment includes 30 GE9X engines and four GE90-115B engines, plus GE TrueChoice™ services. This order is in coordination of Qatar Airways’ agreement for 34 firm 777-8 orders with an additional 16 purchase right options, and an additional order of two Boeing 777 Freighters.

The total value of the order with GE is more than U.S.$6.8 billion list price, including spare engines and a TrueChoice™ services agreement to cover the maintenance, repair and overhaul (MRO) of the engines.

Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker, said: “With our status as the world’s largest air freight carrier, Qatar Airways has ambitious plans for the future of its cargo operations.

“As operators of the Boeing 777 family, including the global launch customer of Boeing’s 777-8 Freighter aircraft, we are delighted to have GE as our partners and these contracts for GE engines further cement the strong relationship between Qatar Airways and GE.

“We are confident that Qatar Airways’ focus to drive towards a sustainable future will be very much supported by the efficiency of the GE9X engines.”

“GE Aviation has great history and proven track record of powering freighter-dedicated aircraft,” said GE Aviation CEO John Slattery. “We are proud to continue building our relationship with Qatar Airways and play a significant role in their growth with this order of Boeing 777-8 Freighter and 777 Freighter aircraft.”

The GE9X engine helps meet GE Aviation’s commitment to a more sustainable aviation industry by introducing the latest generations of heat-resistant Ceramic Matrix Composites materials, additively-manufactured parts and lean burn combustion that help improve fuel efficiency. It is the world’s most powerful and most fuel-efficient turbofan. The GE9X offers the lowest NOx emissions in its classi, and is the quietest GE engine ever producedii. Like all GE commercial engines, both the GE9X and GE90 are compatible with any approved Sustainable Aviation Fuel (SAF).

Incorporating a suite of propulsion technologies unique to GE, the GE9X offers up to 10 percent lower specific fuel consumption compared to the engine it replaces. It builds on the heritage of the pioneering GE90 engine and offers a combination of power and efficiency unmatched in the freighter market.

GE Aviation has powered essential cargo operations worldwide for decades, including Boeing’s line of dedicated freighters. This legacy continues with Boeing’s newest, the 777-8 Freighter, powered exclusively by the GE9X engine.

The GE90 engine family is the exclusive powerplant on Boeing’s 777-300ER, 777-200LR, and 777 Freighter aircraft. Since its entry into service in 1995, the GE90 engine has accumulated more than 108 million flight hours and has been among the most reliable in the industry with a world class dispatch reliability rate of 99.98 percent.

IHI Corporation, Safran Aircraft Engines, Safran Aero Boosters and MTU Aero Engines AG are participants in the GE9X engine program.

i achieving 55% below current NOx regulatory requirements
ii pounds of thrust per decibel
* TrueChoice is a trademark of General Electric Company

To read more, go to geaviation.com.

Nick Hurm

nick.hurm@ge.com

513-484-4450

Source: GE Aviation

FAQ

What is the value of Qatar Airways' order with GE for the Boeing 777-8 Freighters?

The total value of the order exceeds $6.8 billion.

How many GE9X engines has Qatar Airways ordered?

Qatar Airways has ordered 30 GE9X engines.

What are the sustainability features of the GE9X engine?

The GE9X engine offers lower NOx emissions, improved fuel efficiency, and is compatible with Sustainable Aviation Fuel.

What aircraft will the GE9X engines power?

The GE9X engines will power up to 50 Boeing 777-8 Freighters.

What maintenance services are included in the Qatar Airways and GE agreement?

The agreement includes GE TrueChoice™ services for maintenance, repair, and overhaul of the engines.

GE Aerospace

NYSE:GE

GE Rankings

GE Latest News

GE Stock Data

195.72B
1.08B
0.16%
80.36%
1.01%
Aerospace & Defense
Electronic & Other Electrical Equipment (no Computer Equip)
Link
United States of America
EVENDALE