FINANCIAL NEWS

Etihad Airways inks $4.3b deal with GE Aviation

21 Jul 2010

(MENAFN) The Chief Executive Officer at Etihad Airways said that the company has finalized the purchase of 78 GEnx-1B engines to power its 35 Boeing 787 Dreamliner aircraft at a list price of $1.8 billion, and signed a $2.5 billion 15-year agreement with GE Aviation for the maintenance of these engines, Gulf News reported.

He pointed out that Etihad?s intent to purchase the engines was announced during the Paris Air Show in last year. The Dreamliner delivery is scheduled to begin in 2015, according to a press release.

Etihad has also received the first A330-200 freighter aircraft from Airbus. Etihad is the launch customer of the A330-200 freighter aircraft, which will cater to Etihad?s cargo business, Etihad Crystal Cargo, in September.

Over the next 10 years, Etihad is to take delivery of six Airbus A330s by 2011, 20 A320s by 2015, 10 Airbus A380s from 2014, 25 A350s between 2017 and 2020, 35 Boeing 787s between 2014 and 2020, and 10 777s between 2011 and 2013.

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