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Korean Air Selects GE Aerospace Engines to Power New 787-10s and 777-9s

1. Korean Air orders GEnx and GE9X engines from GE Aerospace. 2. The order includes maintenance agreements for the GE9X engines. 3. Korean Air is GE's first GE9X customer in South Korea. 4. The GEnx engine is GE's fastest-selling engine with strong operational presence. 5. GE9X offers significant fuel efficiency improvements over previous models.

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FAQ

Why Bullish?

This partnership with a major airline strengthens GE's market position and sales pipeline.

How important is it?

This order indicates robust demand for GE's engines, likely boosting future revenues.

Why Long Term?

The sustained partnership could lead to more extensive orders and market confidence over time.

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BACFMAIR
, /PRNewswire/ -- GE Aerospace (NYSE:GE) announced today that following Korean Air's agreement to purchase 20 Boeing 777-9s and up to 30 787-10s, the airline has placed an order for GEnx and GE9X engines to power its new aircraft. "We're grateful for the Korean Air team putting its trust in us again," said Russell Stokes, President and CEO, Commercial Engines and Services, GE Aerospace. "Today's order represents the next chapter in our long-standing partnership with Korean Air and reaffirms our commitment to support their successful fleet upgrade and expansion." GE9X engine The order also includes a service agreement to cover the maintenance, repair, and overhaul of the GE9X engines. With this order, Korean Air becomes the first GE9X customer in South Korea. "GE Aerospace provides the advanced technology that powers our commitment to excellence," said Walter Cho, Chairman and CEO of Korean Air and Hanjin Group. "Our partnership is essential to Korean Air's vision of becoming the world's most loved airline."Since its introduction in 2011, the GEnx engine family has accumulated over 62 million flight hours. It stands as GE Aerospace's fastest-selling, high-thrust engine to date, with more than 3,600 engines currently in service and backlog, including spare units.  Today, the GEnx engine powers two-thirds of all 787 aircraft currently in operation.The GE9X engine is the world's most powerful commercial aircraft engine and the most fuel-efficient engine in its class. Available only on the Boeing 777X family of 777-9 and 777-8 aircraft, the GE9X offers 10% better specific fuel consumption than its predecessor, the GE90-115B, with emissions that are a generation ahead of any competing engine.Like all GE Aerospace commercial engines, both GEnx and GE9X engines are certified to run on Sustainable Aviation Fuel (SAF) blends today.Today, Korean Air operates an extensive fleet of GE Aerospace and CFM powered aircraft that includes GE90-110B/115B, LEAP-1B and CFM56-7B engines. In addition to the engine technology, Korean Air is using GE Aerospace's industry-leading Flight Data Monitoring system, Safety Insight, to enhance its safety protocols and operational effectiveness through advanced analytics, automation, and high-speed processing of big data. **CFM is a 50/50 joint venture between GE Aerospace and Safran Aircraft EnginesAbout Korean Air With its global hub at Incheon International Airport (ICN), Korean Air serves 110 cities in 39 countries on five continents with a modern fleet of 159 aircraft and over 20,000 professional employees. The airline has been granted numerous awards including a 5-star airline rating from Skytrax, Air Transport World's Airline of the Year and Cargo Operator of the Year awards.About GE AerospaceGE Aerospace is a global aerospace propulsion, services, and systems leader with an installed base of approximately 45,000 commercial and 25,000 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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