Emirates has signed a US$16 billion OnPoint solution agreement with GE Aviation for the maintenance, repair and overhaul of the GE9X engines that will power the airlineâ€™s fleet of 150 Boeing 777X aircraft over a period of 12 years.
This is Emiratesâ€™ largest engine MRO contract to date.
At the 2013 Dubai Air Show, Emirates placed a record US$76 billion order for 150 Boeing 777X twin-engine aircraft, powered by GEâ€™s new GE9X engine.
The single largest order by value in the history of US commercial aviation, it included 300 units of GE9X engines, alone worth US$16 billion at list price.
It was also GE Aviationâ€™s largest ever commercial jet engine award from an airline.
Emirates also signed a 12-year OnPoint solution contract with GE Aviation worth US$36 million, covering the maintenance and inventory support for various avionics, electrical power and mechanical systems on all Emirates Boeing 777 aircraft in currently service and the 44 more 777-300ERs on order.
Under this programme, GE will provide the maintenance and support services for Emiratesâ€™ Boeing 777 fleet with a strengthened local programme management and stock support in Dubai, supported by GEâ€™s global repair, overhaul and logistics facilities in the UK, the US, and Asia.
Ahmed bin Saeed Al Maktoum, chairman, Emirates Airline and Group said: â€œOperating a modern and efficient fleet is at the foundation of Emiratesâ€™ success.
â€œAircraft and engine purchases are long-term investments.
â€œIt is also a commitment that involves many other related services over the life-span of the aircraft, generating and sustaining jobs throughout the aviation supply chain.
â€œEmirates currently operates GE engines on over 100 Boeing 777 in our fleet.
â€œOver the years, we have built a successful relationship with the GE team, and we cooperate in many areas including technology and innovation sharing, and also at our state of the art engine maintenance centre in Dubai.
â€œWe look forward to extending this partnership to our GE9X-powered Boeing 777X fleet.â€
OnPoint solutions are customised service agreements tailored to the operational and financial needs of each airline customer.
These agreements are designed to help lower the customersâ€™ cost of ownership and maximise the use of their assets.
Backed by GEâ€™s global support network, OnPoint services may include overhaul, on wing support, new and used serviceable parts, component repair, technology upgrades, engine leasing, integrated systems support and diagnostics and integrated systems.