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FINANCIAL NEWS
Etihad inks USD1.5b engine deal with Engine Alliance
08 Mar 2011
(MENAFN) The chief executive officer of Etihad Airways, James Hogan, said that the airline inked a USD1.5 billion worth deal with Engine Alliance for the purchase of GP7200 engines to power Etihad’s fleet of ten Airbus A380 aircraft, reported Gulf News.
James said that the agreement includes a long-term management for the maintenance, repair and renovation of the engines.
The CEO said that the operational, environmental and economic features of engines would provide Etihad with what it needs through its expansion.
It is worth noting that there are currently nineteen GP7200-powered A380s operated by carriers including Emirates and Air France.
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