Engines And Additional Services Valued At More Than $450 Million

Ethiopian Airlines ordered eight GE90-115B engines to power its four Boeing 777 Freighters. The engines will be added to an existing 12-year TrueChoice Flight Hour agreement for the maintenance, repair and overhaul of Ethiopian Airlines' GE90 engine fleet. The engine order and expanded services agreement are valued at more than $450 million list price and over the life of the service agreement.

"GE Aviation is proud to power, service and support Ethiopian Airlines' growing Boeing 777 aircraft fleet," said Bill Millhaem, general manager of the GE90 engine program at GE Aviation. "The GE90 engine has proven itself in the aviation industry as one of the most reliable widebody engines with more than 70 million flight hours and 10 million cycles since entering service in 1995, and this order demonstrated Ethiopian Airlines' continued confidence in the engine/aircraft combination."
 
The GE90 engine family powers all Boeing 777 models and is the exclusive powerplant on the 777-300ER, -200LR and Freighter. The engine features several technology firsts, including carbon fiber composite front fan blades, the world's largest front fan at 128 inches in diameter and the world-record setting thrust of 127,900 pounds during certification testing. The dual annular combustor emits no more than 40 percent of the hydrocarbons allowed by today's international standards. In addition, today's GE90-115B engines have been enhanced to reduce fuel burn by 3.6 percent from the 2000 launch specifications.
 
Snecma of France and IHI Corporation of Japan are revenue-sharing participants in the GE90 program.
 
The TrueChoice suite of engine maintenance offerings incorporates an array of GE capabilities and customization across an engine's lifecycle. The TrueChoice suite includes:

• TrueChoice Flight Hour helps optimize cost of ownership over the engine lifecycle with flexible risk transfer and payment options.
• TrueChoice Overhaul provides time and material overhauls with tailored workscopes specific to shop visit objectives, economic priorities and ownership horizon-for one engine or a fleet.
• TrueChoice Material offers high-quality new and used OEM parts, advanced repairs and technology upgrades to enhance engine performance and support higher engine residual value.

TrueChoice Transitions includes a range of options for changing ownership horizons, such as green time leases, exchanges and material buy-back, plus customized workscopes with shorter builds and maximum used material. For lessors, GE offers products specifically designed to accommodate a change in owner or operator.

Each of the TrueChoice offerings is underpinned by GE Aviation's data and analytic capabilities and experience to help reduce maintenance burden and service disruptions for customers.

(Source: GE Aviation news release. Image from file)

FMI: www.ge.com/aviation