[Press Release] LE BOURGET, France -- Qatar Airways ordered five additional GE90-115B-powered Boeing 777 Freighters, which will increase its B777F fleet to 26 aircraft. The engine order is valued at more than $380 million (USD) list price. His Excellency Mr. Akbar Al Baker, Group Chief Executive of Qatar Airways said: “We have been long-term partners with GE, and this order strengthens our close relationship. These aircraft will help Qatar Airways Cargo further develop its global footprint with GE playing an important role in our growth.”
GE Additive announced during the Paris Air Show in June 2019 that GE Aviation has made a significant investment in its Arcam Electron Beam Melting (EBM) technology, purchasing an additional twenty-seven Arcam systems, including seventeen A2X systems and ten Spectra H systems.
While General Electric (NYSE: GE) has struggled mightily over the past two years, its jet engine business has been a steady source of strength Opens a New Window. . Last year, GE Aviation surpassed the company's troubled power segment to become the conglomerate's largest division, with annual revenue of more than $30 billion and an enviable 21.2% operating margin.
General Electric Co.’s transformation is being led by its aviation business, given the unit’s stability and underlying growth, Citi analyst Andrew Kaplowitz wrote in a note to clients.
An issue with a compressor component in the GE9X is pushing back flight-testing aboard the Boeing 777X by several months to possibly this fall. GE Aviation, in concert with Boeing, “hit the pause button” on GE9X testing while it redesigns a stator in the front part of the compressor that had shown more wear than anticipated during testing, GE Aviation president and CEO David Joyce said Monday at the Paris Air Show.
Boeing insists its 777X programme remains on track for 2020 deliveries despite fresh engine issues that seemingly push the certification timeline toward the outer edge of the airframer's expectations.
PARIS (Reuters) - GE Aviation has found unexpected wear in a part for its new engine for the new Boeing 777X passenger plane, forcing a delay of several months while it redesigns and tests the part, the engine maker said on Monday.