Dubai Aerospace Enterprise orders GE engines for new fleet |
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Dubai, UAE; November 17, 2007: Dubai Aerospace Enterprise (DAE)Dubai Aerospace Enterprise (DAE)
, the global aerospace manufacturing and services corporation, has ordered 10 GE90-115B-powered Boeing 777-300ER and five GEnx -powered Boeing 747-8 freighters. The engine orders are valued at a combined total of more than US$770 million at list price. Bob Genise, CEO of DAEDAE Capital, the Dubai-based group's aircraft, leasing and finance business, said, "This deal, as part of a 100 aircraft order from BoeingBoeing, demonstrates our aim to quickly establish DAEDAE Capital as a world-class aircraft leasing business."
"GEGE is very pleased with this engine order from DAEDAE," said Scott Donnelly, President & CEO of GEGE Aviation. "We will work with the company to ensure full support for the engines as well as help as they place the aircraft with operators in the region."
Based in Dubai, one of the fastest growing cities in the world, DAEDAE is situated at the heart of one of the world's most dynamic regions, and is ideally positioned to shape the trends that will decide the future of the aerospace industry. DAEDAE is developing an integrated aerospace cluster that will eventually be based at Dubai World CentralDubai World Central - the new 140 square kilometre airport and logistics city being constructed at Jebel Ali, Dubai, in the United Arab Emirates. DAEDAE has formed six core divisions spanning research and development, manufacturing, engineering, operations, maintenance, repair and overhaul, education, aircraft leasing and aerospace services.
Based on the highly successful GE90 architecture, the GEnx engine is one of the most fuel-efficient and lowest emissions jet engines ever. The GEnx engine will power both the Boeing 787 Dreamliner and the 747-8 Intercontinental. It will succeed GEGE's CF6 family, the best-selling engine on wide-body aircraft. More than 1,000 GEnx engines have been sold to 33 customers, making it the fastest-selling large engine in GEGE Aviation history.
The GEnx completed its flight test program this summer on GEGE's 747 flying test-bed, which validated the GEnx -1B engine's performance in real world flight conditions. Certification tests for vibration, emission, bird ingestions and fan blade containment were also completed with very positive results.
IHI of Japan, TechSpace Aero of Belgium, Avio SpA. of Italy, Volvo Aero of Sweden and Samsung Techwin of Korea are revenue-sharing participants in the GEnx program.
The world's largest and most powerful engine, the GE90-115B, celebrated one million successful hours of flight in May. The engine is one the quietest based on per pound of thrust with superior fuel burn and low overall emissions due in part to its improved combustor. The combustor technology emits no more than 40 percent of the hydrocarbons that will be allowed by 2008 international standards. More than 225 GE90-115B engines are in service with 14 operators around the world.
Snecma of France, Avio SpA. of Italy, and IHI of Japan are revenue-sharing participants in the GE90 program.
The GEnx and GE90 engines are part of GEGE's "ecomagination" product portfolio--GEGE's commitment to develop new, cost-effective technologies that enhance customers' environmental and operating performance.
GEGE Aviation, an operating unit of General Electric Company (NYSE: GE), is a world-leading provider of commercial and military jet engines and components as well as integrated digital, electric power, and mechanical systems for aircraft. GEGE Aviation also has a global service network to support these offerings. For more information, visit us at www.ge.com/aviation.
-Ends-
For further information, please contact:
Rania Rostom
Communications Manager
GEGE Middle East & Africa
Tel: (+971 4) 429 6311
Email: rania.rostom@ge.com
Kelly Home / Nivine William
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide
in Middle East and North Africa
Tel: (+971 4) 335 5969
Email: k.home@asdaa.com /n.william@asdaa.com
© Press Release 2007
from ASDA'A Public Relations
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