GE Aviation announces $10bn in deals from Middle East

29/07/2010 - Dubai Investment News
GE Aviation announces $10bn in deals from Middle East

Posted by Bob Brunskill

GE Aviation and its joint venture (JV) companies amassed engine and services orders from the Middle East region worth nearly $10 billon during the recent 2010 Farnborough Air Show in the UK.

The Middle East accounted for the majority of the £16 billion worth of orders the company and its JVs secured in total at the show, with Emirates, the Dubai-based international airline, accounting for $7.8 billion alone.

Muhammad Al-Lamadani, general manager for Eastern Europe, the Middle East & CIS at GE Aviation, said: "Aviation continues to be one of the strong growth pillars of the region [Middle East], powered by infrastructure development and the focus of the regional governments to strengthen airline connectivity to boost tourism and business.

"GE Aviation and its joint venture companies have underscored their significant partnership role through several deals, reiterating the long-standing association with the region's aviation industry leaders."

Among the confirmed deals, Emirates ordered 30 GE90-115B-powered Boeing 777-300ER aircraft at $2 billion list price while also selecting the Engine Alliance GP7200 engines to power its 32 additional A380 aircraft, which were announced last month.

Other Middle Eastern airlines to place orders with GE Aviation and its JVs at the air show included Air Arabia, Royal Jordanian and Qatar Airways.ADNFCR-2019-ID-19913508-ADNFCR