Dubai’s Emirates airlines on Monday announced a $16 billion service contract agreement with General Electric’s aviation unit. The deal covers GE engines which power the airline’s 777x fleet.
The $16 billion contract will include maintenance, repair and overhaul (MRO) of the GE9X engines that will power the airline’s fleet of 150 Boeing 777X aircraft over a period of 12 years.
Emirates airlines is no stranger to massive order placement. In 2014 the airline set a record $76 billion order for 150 Boeing 777X twin-engine aircraft, powered by GE’s new GE9X engine.
Ge currently provides the only engine available for the 777x wide-body aircraft – valued at $16 billion at list price for 300 units.