Atlas Air Worldwide Signs Agreement for GEnx Engines for Four Boeing 747-8 Freighters
tlas Air has signed an Agreement with GE Aviation to purchase GEnx-2B engines for the company’s four Boeing 747-8 Freighters. Additionally, Atlas has signed a 20-year TrueChoice Overhaul agreement, which covers overhaul of the engines.
On Wednesday (February 24, 2021), GE Aviation announced that Atlas Air Worldwide Holdings, Inc. has signed an agreement to purchase GEnx-2B engines for four Boeing 747-8 Freighters, as well as a 20-year TrueChoice Overhaul agreement, which covers the time and material to overhaul the engines. In total, the agreements are valued at $800 million (at list price) over the life of the service agreement.
In Wednesday’s announcement, Atlas Air Worldwide’s President and Chief Executive Officer, John W. Dietrich, said,
“The 747-8F powered with GEnx engines gives us the best and most versatile widebody freighter in the market. Our partnership with GE Aviation supports our longstanding focus on leading edge technology. We look forward to continuing to provide world-class service to our customers.”
Also commenting on the agreements, GE Aviation’s Vice President and General Manager of Global Sales and Marketing, Jason Tonich, added,
“GE Aviation is proud to provide the engines and services for Atlas Air’s new 747-8 Freighters and play a role in Atlas Air’s growing operation. The GEnx-2B engines have proven their reliability and durability since entering service almost a decade ago, and GE Aviation is committed to providing full support for these engines long into the future.”
Since launching nearly a decade ago, customers have ordered over 2,500 GEnx engines, making it the fastest selling high-thrust engine in the company’s history. With advanced materials and technologies, the GEnx has demonstrated the highest reliability and utilization, lowest fuel burn and longest range capability of any engine in its thrust class. The engine’s lean burning twin-angular pre-swirl (TAPS) combustor dramatically reduces emissions and enhances durability. The GEnx is also the world’s first commercial engine with a carbon fiber composite front fan case and blades, offering a reduction in weight, corrosion resistance, less line maintenance and improved reliability. The GEnx is also one of the quietest engines produced by GE Aviation.
The GEnx program is a revenue sharing partnership which includes IHI Corporation of Japan, The UK’s GKN Aerospace Engine Systems, MTU of Germany, TechSpace Aero (Safran) of Belgium, Safran Aircraft Engines of France and Korea’s Samsung Techwin. GE Aviation’s TrueChoice offers a suite of lifecycle engine maintenance offerings, underpinned by the company’s data, analytic capabilities and experience, which helps reduce maintenance burdens and service disruptions for customers.
Purchase, New York-based Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW) is a leading global provider of third-party aircraft and aviation operating services. Company subsidiaries include Atlas Air, Southern Air Holdings and Titan Aviation Holdings. Additionally, the company owns a majority stake in Polar Air Cargo Worldwide. Together, the Atlas Air family of companies operate the world’s largest Boeing 747 freighter fleet. The company also offers their customers a wide selection of Boeing 747, 777, 767 and 737 aircraft for domestic, regional and international cargo and passenger operations.
Source(s): GE Aviation, Atlas Air Worldwide