Print
More News

$6.5B Airliner Engine, Services Deal With GE Brings Business To Wilmington

By Christina Haley O'Neal, posted Apr 11, 2018
American Airlines has selected GE Aviation's GEnx engines, pictured in this photograph, for its newly ordered Boeing 787 Dreamliners. (Photo courtesy of GE Aviation)
American Airlines’ recent engine selection and services agreement with TrueChoice, a trademark of General Electric Co., will benefit several GE Aviation facilities located in the U.S., including its site in Wilmington.

Officials with the company recently announced that American Airlines selected its GEnx-1B engines to power its 47 newly ordered Boeing 787 Dreamliners. The carrier also signed a TrueChoice overhaul agreement with GE for up to 20 years of maintenance, repair and overhaul for the engines ordered, according to a news release.

The engine order and TrueChoice agreement are valued at more than $6.5 billion, officials said in the release.

The deal is “definitely great news for Wilmington,” said Perry Bradley, spokesman with GE Aviation. “We produce a number of parts at the [Wilmington] facility for the GEnx.”

GE Aviation, an operating unit of GE (NYSE: GE), has North Carolina facilities in Wilmington, Asheville, West Jefferson and Durham.

GE Aviation officials said in March that the company has invested millions into its facilities across North Carolina, including about $120 million in its Wilmington operations over the past five years. The Wilmington total included the investment of $36 million last year, Bradley said at the time.

That investment is "all part of getting that plant ready for the ... next generation of engines" with the GEnx being among those new engines, Bradley said Tuesday.

"This order obviously supports … the [Wilmington] plant for years if not decades to come,” Bradley said.

The latest engine order takes GE Aviation over the 2,000 engines-sold mark for the GEnx model, he added. That total amounts to those engines sold in less than 15 years since the program was selected to power the Boeing 787 Dreamliner, officials said in the release.

The engine is used on two different airframes: the GEnx-1B that powers the Boeing 787 that entered service in March 2012 and the GEnx-2B on the Boeing 747-8 that entered service in 2011, Bradley said. 

Boeing (NYSE:BA) and American Airlines announced last week that airline will more than double its 787 Dreamliner fleet with a new order for 47 of the super-efficient airplane plus 28 options, according to a news release from Boeing. The 787s are valued at more than $12 billion at list prices and make American Airlines the largest 787 customer in the Western Hemisphere.

The deal solidifies GEnx as the fastest-selling high-thrust engine in GE Aviation's history, stated the release. The company cited the engine's advanced technologies, materials, fuel efficiency and architecture as highlights of its "operational reliability and the result in high utilization rate of GEnx-powered B787 aircraft for more flights per year and more revenue for airlines."

According to the release, GEnx’s revenue-sharing participants are IHI Corporation of Japan, GKN Aerospace Engine Systems of the United Kingdom, MTU of Germany, TechSpace Aero (Safran) of Belgium, Safran Aircraft Engines of France and Samsung Techwin of Korea.

Ico insights

INSIGHTS

SPONSORS' CONTENT
Carolinemontgomery4

Business Owner Frustrations

Caroline Montgomery - Adam Shay CPA, PLLC
Michaelhiggins 41019104338

Oleander Memorial Gardens Offers New Final Family Resting Places

Michael Higgins - Dignity Memorial
Jim ellis headshot 10311631058

Questions to Ask Before Choosing a Digital Agency

Jim Ellis - Signal

Trending News

On The Riverwalk, Stalk & Vine Set To Open This Weekend

Jessica Maurer - Jul 16, 2019

Former Drug Researcher, Partners Launch Coastal Hemp Co. In Porters Neck

Johanna Cano - Jul 16, 2019

Gov. Cooper Visits Dosher Memorial Hospital To Talk Health Care

Cheryl L. Serra - Jul 15, 2019

In Former Lou's Flower World Spot, Furniture And Mattress Store Opens

Cece Nunn - Jul 15, 2019

CFCC Launches Cybercrime Technology Degree

Christina Haley O'Neal - Jul 15, 2019

In The Current Issue

BB&T, SunTrust Announce Merged Name

The new name, announced June 12, reflects a common thread from both banks, as each has the word trust as part of its name....


Growing Local: Sea Tow To The Rescue

Wrightsville Beach Sea Tow Capt. Chris Willis said, “We can have close to 50 calls come in on a busy day, not a holiday or anything like tha...


NHRMC Earns Award For Stroke Patient Care

The American Stroke Association/ American Heart Association recently gave New Hanover Regional Medical Center the association’s Get With The...

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Power Breakfast - The H Word (June 13, 2019)
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`
Health Care Heroes 2018