Emirates And GE Sign $16 Billion 777x Contract

Boeing 777x

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.

The airline also signed a smaller 12 year contract for $36 million which will service its existing 777 fleet.
No further details have been made available at this time.

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Written by Lane Hanson

Lane Hanson

Lane Hanson is BusinessPundit's Economy Editor. He reports on major changes in the US and Global Economies. He can be reached at Student Loan Ninja.