GE Provides Lift to Pakistan’s Fast-Growing Aviation Sector
In a dramatic statement, the CEO of the International Air Transport Association (IATA) said recently that governments that aren’t prioritizing their aviation industries “will need to change their view of aviation from a luxury cash cow to a utilitarian powerful draft horse to pull the economy forward.”
With Pakistan ranked as one of the 10 fastest growing markets for international passenger traffic through 2017, driven by 6.7% annual growth, it’s clear the country’s leadership understands the IATA’s message.
GE, which has been a partner to the country’s aviation industry for nearly 40 years, is actively supporting this growth. Today, GE and its joint venture partners power more than 60% of all civilian aircraft operated by Pakistani carriers. This includes 50% of national carrier Pakistan International Airways’ (PIA) fleet, 65% of Shaheen Air International’s fleet, and 100% of both Air Blue and Air Indus’s fleets.
This partnership includes GE’s servicing of PIA’s fleet engines for more than 30 years and a 2012 order for five Boeing B777-300ER airplanes equipped with GE90-115B engines, the world’s most powerful turbofan engines. Delivery of the aircraft is expected to begin in 2015.