Flying into the Future: Giant Orders Fall Like Rain at Dubai Airshow
Sometimes industry exhibitions have a hard time giving the impression that lots of deals were done. While that’s never the case at the Dubai Airshow, this year’s news was of gigantic proportions. This included the single largest aircraft order by value in history of US commercial aviation.
It was equally huge and historic for GE Aviation. This year’s record airshow, which opened with a sandstorm and closed early due to heavy rain, included 450 new GE9X engines for Boeing 777X and a total $40 billion in deals for GE Aviation and CFM International, a 50/50 joint company between GE and Snecma (Safran) of France. Among these was an $11 billion engine commitment from Emirates that represents GE Aviation’s largest-ever commercial jet engine award from an airline.
The airshow commitments will ultimately translate into purchase orders that will grow GE Aviation’s engine and services backlog, which reached $114 billion by the end of the third quarter. This total includes an equipment (mostly jet engines) backlog of $28.3 billion – which increased 31% over the past year.
In addition to the Emirates order, other GE/CFM highlights at the Dubai show included:
Pegasus Airlines: $4.3 billion commitment for 200 CFM LEAP engines and services for 100 Airbus A320neo aircraft.
Etihad Airways: $11 billion commitment for 112 GE engines (GE9X, GEnx, GE90) and services for 25 777X aircraft, 30 787s, and one 777 aircraft. Also, $2.8 billion order for 52 CFM LEAP engines and services for 26 Airbus A321neo aircraft.
Qatar Airways: $3.8B commitment for 100 GE9X engines for 50 777X aircraft.
Lufthansa: $610 million commitment for CFM CFM56 engines for 30 Airbus A320 aircraft.
flydubai: Commitments for 200 CFM LEAP engines, 22 CFM56 engines, and services for Boeing 737MAX and 737-800 aircraft.
Ethiopian Airlines: Engine services award for 32 GE90 engines.
Turkish Airlines: $2 billion commitment for 10 GE90 engines and services for five 777 aircraft.
TUI airlines: Commitment for four GEnx engines and services for two 787 aircraft.