Etihad may announce major engine orders - report
by This email address is being protected from spam bots, you need Javascript enabled to view it on Sunday, 14 June 2009
UAE national carrier, Etihad Airways, plans to announce engine orders valued at about $6.7 billion, including servicing, at the upcoming Paris Air Show, according to three people familiar with the matter.
The report, carried by news agency Bloomberg, said the engines are for 100 Airbus and Boeing aircraft announced at the UK's Farnborough International Air Show last year.
Bloomberg meanwhile noted that Etihad CEO James Hogan is scheduled to host two press conferences on June 16 in Le Bourget - where the Paris Air Show is held - according to an invitation. Eithad spokeswoman, Anne Tullis, declined to comment.
General Electric beat Rolls Royce in getting contracts for 35 of Boeing's 787 Dreamliners, while the US supplier's Engine Alliance venture with United Technologies Corp.'s Pratt & Whitney will provide engines for 10 superjumbo A380s, two of the people said.
International Aero Engines, a venture led by Pratt & Whitney and London-based Rolls-Royce, has won an order to power 20 A320 aircraft, they said.
The engine orders may reach about $13 billion if another 105 aircraft options are exercised, one of the people said, according to Bloomberg. The planes are to be delivered between 2011 and 2020.
GE, the only engine provided on Boeing's 777-ER model, will supply 10 of those aircraft, while Rolls-Royce is the only current provider of engines for the A350. Etihad ordered 25 planes of that model.
GE and Pratt spokesmen declined to comment, while a Rolls-Royce spokesman couldn't immediately be reached for comment, said Bloomberg.
READERS' COMMENTS
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST TRANSPORTATION
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST TRANSPORTATION
LATEST MIDDLE EAST BUSINESS NEWS
- Culture & Society: Saudi Arabia expects 2.5m hajj pilgrims this year
- Healthcare: UAE, Saudi launch swine flu vaccination campaigns
- Construction & Industry: Japanese builders owed billions for Dubai work - official
- Transportation: RTA unveil new plans for driver safety in Dubai
- Politics & Economics: Emerging markets 'havens for stolen assets' - World Bank
SHARE PRICE CHECK
RELATED STORIES
Airbus
- Mideast seen leading air traffic growth to 2028
23 Sep '09 | News - Bahrain's Gulf Air may renegotiate plane orders - CEO
23 Aug '09 | News - Saudi military inks Airbus deal
28 Jul '09 | News
Boeing Company
- Strikeless in Seattle
1 Nov '09 | Features - Qatar Airways agrees $700m deal to finance planes
29 Sep '09 | News - Bahrain's Gulf Air may renegotiate plane orders - CEO
23 Aug '09 | News
Etihad Airways
- EXCLUSIVE: Etihad, Aldar ordered to pay Force India damages
5 Nov '09 | News - Etihad plans daily flights to Hyderabad in Jan 2010
4 Nov '09 | News - Etihad set to launch flights to two Japanese cities
27 Oct '09 | News
General Electric
- UAE approves civilian nuclear energy deal with US
26 Oct '09 | News - UAE, US to finalise nuclear power deal
23 Oct '09 | News - Kuwait signs $2.5bn General Electric, Hyundai power deal
14 Sep '09 | News
Pratt & Whitney
- Top 5
11 Mar '09 | Features - Rolls-Royce
30 Nov '06 | News
Rolls-Royce
- The Brits are back
3 Feb '08 | Features - Powering the future
20 Jan '08 | Features




