Qatar Airways deal nets GE $550 million in new business

GE Aircraft Engines has received a $250 million order for CF6-80E1 engines following Qatar Airways’ decision to purchase up to 20 Airbus A330-200/-300 aircraft.

GE Aircraft Engines has received a $250 million order for CF6-80E1 engines following Qatar Airways’ decision to purchase up to 20 Airbus aircraft. Qatar Airways’ $5.1 billion order represents 14 firm and six options for the Airbus A330-200/-300 aircraft.

Additionally, Qatar Airways and GE Aircraft Engines signed a Maintenance Cost Per Hour (MCPHSM) agreement for ten years, valued at $300 million. The program uses GE Engine Services’ maintenance network, engineering resources, and program management to maintain an individual customer’s fleet based on a flat rate per engine flight hour.

Qatar Airways serves 40 destinations throughout Europe, Africa, the Middle East, and Asia.

The new long-range A330s are said to be part of the aggressive growth program the airline has undertaken to expand its route structure. In 2002, Qatar began taking delivery of eight CF6-80E1-powered A330-200s it had ordered in 2001. Delivery of the new aircraft is scheduled to begin in 2004 and extend through 2008.

‘We chose the CF6-80E1 two years ago after completing a very extensive technical evaluation’ said Akbar Al Baker, CEO of Qatar Airways. ‘In operation in our fleet today, GE has provided excellent support for this fleet.’