This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

GE’s Record Jet Engine Agreements At Dubai Air Show

Stocks in this article: GE

At Sunday’s opening day of the Dubai Air Show, GE Aviation received $26 billion (USD list price) in jet engine orders and services agreements for wide-body Boeing aircraft from three leading airlines in the Middle East.

Collectively, Emirates, Qatar Airways, and Etihad Airways ordered 450 of the new GE9X engine now under development for the new Boeing 777X. GE also received orders for GEnx engines for the Boeing 787 and GE90 engines for the Boeing 777. The airline engine orders:

EMIRATES:

With the commitment by Emirates airlines for 150 Boeing 777X twin-engine aircraft, GE Aviation has secured its largest ever commercial jet engine award from an airline.

Among the world’s fastest growing airlines, Emirates has committed to acquiring 300 GE9X engines for its new 777X fleet. The agreement for the GE9X engines is worth more than $11 billion (USD) list price.

Emirates is already the world’s largest operator of the highly successful GE90-powered Boeing 777-300ERs, with a fleet of 135 aircraft. Emirates also operates the largest fleet of A380s powered by the GP7200 engine produced by the Engine Alliance, a joint company of GE Aviation and Pratt & Whitney.

But the relationship between GE Aviation and Emirates over the past decade has extended beyond the delivery and support of jet engines. GE has been integral to the construction of Emirates’ expanding engine overhaul capability both in the Middle East and Asia.

“We are pleased to expand upon our strong relationship with GE Aviation for this 777X aircraft order of great strategic importance to our airline,” said H.H. Sheikh Ahmed bin Saeed Al-Maktoum, chairman and chief executive of Emirates Airline & Group.

“The confidence placed by Emirates in GE Aviation is almost overwhelming,” said David Joyce, president and CEO of GE Aviation. “Emirates is critical in enabling GE to demonstrate and improve upon its high-thrust engine technologies. The success in service of the GE90-powered 777-300ER paved the way for the industry’s enthusiasm for the GE9X-powered 777X. And Emirates has been there for the whole remarkable journey.”

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs