LE BOURGET – June 16, 2009 — Etihad Airways, the national airline of the United Arab Emirates, has selected the GEnx-1B engine to power its new fleet of 35 Boeing 787-9 aircraft and 10 GE90-115B-powered Boeing 777-300ER aircraft.

The total value of both engine orders is worth $2.2 billion (USD) list price. Additionally, the airline holds options for 25 Boeing 787 aircraft and 10 Boeing 777-300ERs with purchase rights for a further 10 Boeing 787 and five Boeing 777-300ER aircraft.

Etihad Airways has also signed a multi-year OnPointSM solution agreement with GE Aviation for the maintenance, repair and overhaul of its entire firm GEnx and GE90 engine fleet. The OnPoint solution agreement is valued at more than $1.7 billion (USD) over the life of the agreement.

Aircraft delivery is scheduled to begin late next year for the Boeing 777-300ER aircraft and in 2015 for the Boeing 787 aircraft.

James Hogan, Etihad Airways’ chief executive officer, said: “This order marks a significant milestone in our relationship with GE. The GEnx and GE90 engines not only are more fuel efficient, but also are among two of the most technologically advanced products currently available. The GEnx-powered Boeing 787 and GE90-115B-powered Boeing 777-300ER aircraft will help us to maintain one of the youngest and fuel efficient fleets in the sky.”

“We are extremely honoured that Etihad Airways has chosen the GEnx and GE90-115B engines to power its Boeing 787 and 777-300ER aircraft,” said David Joyce, president and CEO of GE Aviation. “We look forward to enhancing Etihad’s fleet with the unmatched reliability, performance, and maintenance benefits these two engines will provide, as well as providing the airline with world-class service and support for years to come.”

Source: General Electric