By V M Satish www.emirates247.com
GE Aviation is bullish about future demand for its new generation aircraft engines, after the US-based company signed a $6 billion deal with Emirates.
Speaking to Emirates 24|7, Isam Moursy, GE Aviation’s general manager for Middle East and Africa, said the company expects more multi-billion dollar contracts with leading airlines in the region.
He said within the next four years, 500 new aircraft using GE engines would be needed in the Middle East North Africa region, which is witnessing a travel boom. The demand for engines ranges from smaller aircraft of 50 to 200 seater capacity to the most modern bigger aircraft using GE 90-115 B engines.
Moursy said, “We have partnered with several leading airlines in the Middle East North Africa region. In addition to the agreement with Emirates, we have a partnership agreement with Etihad Airways and Qatar Airways. In Africa, we have partnered with leading airlines like Kenyan Airways and Ethiopian Airways.
“There will be more demand for GE aircraft engines because there are three billion people who are travelling in the three to five hours flight time. These people are capable of spending more and we expect more inter Middle East and intra Middle East growth for the aviation sector.”
Moursy said the company is bullish about the market potential in the region, especially in Africa where big countries and airlines are planning bigger and better aircraft.
The largest contract bagged by GE Aviation at the Dubai Airshow was valued at $6 billion for GE90-115B engines for 50 Boeing 777-300ER aircraft ordered by Emirates. The agreement also included a 12-year maintenance, repair and overhaul agreement. The engine order was part of an $18 billion agreement between Boeing and Emirates, the largest aircraft order in Boeing’s history. The agreement also contains options to supply an additional 20 aircraft, which could add $8 billion to the deal. More info