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Cathay Pacific Signs Agreement for More GE Aerospace Engines to Power 777-9s

1. Cathay Pacific orders 14 GE9X engines for Boeing 777-9 aircraft. 2. Total commitment now reaches 35 GE9X engines. 3. GE9X engines are the most powerful and fuel-efficient in their class. 4. Deal includes service agreements for maintenance and overhaul. 5. GE9X engines compatible with Sustainable Aviation Fuel blends.

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FAQ

Why Bullish?

The substantial order from Cathay Pacific indicates strong demand for GE's latest engine technology. Similar previous orders have often led to price increases due to positive investor sentiment.

How important is it?

The article highlights a significant purchase that could drive future revenues and market confidence in GE's innovative capabilities.

Why Long Term?

The sustained commitment from Cathay Pacific suggests long-term revenue stability for GE Aerospace, reflective of their leading technology.

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BAAIR
, /PRNewswire/ -- GE Aerospace (NYSE: GE) announced today that Cathay Pacific has committed to purchasing GE9X engines to power 14 additional Boeing 777-9 aircraft, bringing the airline's total commitment to 35 GE9X powered 777-9s.  The deal also includes a service agreement to cover the maintenance, repair, and overhaul of the GE9X engines.  "Cathay Pacific was the first customer in the Asia-Pacific region to select the new GE9X engine and we're honored they continue to place their confidence in our products and services," said Mahendra Nair, Group Vice President for Commercial Programs at GE Aerospace. "Combining the world's largest twin-engine commercial passenger jet and the most powerful commercial aircraft engine will enable Cathay to reach destinations across the globe." The GE9X engine is the world's most powerful commercial aircraft engine and the most fuel-efficient engine in its class. Available exclusively on the Boeing 777X family of 777-9 and 777-8F aircraft, the GE9X offers 10 percent better specific fuel consumption than its predecessor, the GE90-115B, with emissions that are a generation ahead in technology. "The GE9X engine provides market leading technologies and will help ensure we continue to offer our customers reliable travel across our expanding network," said Alex McGowan, Cathay Chief Operations and Service Delivery Officer. "We're looking forward to the GE9X joining our fleet." Like all GE Aerospace commercial engines, the GE9X engine can operate on Sustainable Aviation Fuel (SAF) blends today. About GE AerospaceGE Aerospace is a global aerospace propulsion, services, and systems leader with an installed base of approximately 49,000 commercial and 29,000 military aircraft engines. With a global team of approximately 53,000 employees building on more than a century of innovation and learning, GE Aerospace is committed to inventing the future of flight, lifting people up, and bringing them home safely. Learn more about how GE Aerospace and its partners are defining flight for today, tomorrow and the future at www.geaerospace.com. SOURCE GE Aerospace WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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