Bamboo Airways Signs Agreement for GEnx Engines Valued at up to $2 Billion
Bamboo Airways has signed a Memorandum of Understanding (MOU) agreement with GE Aviation to purchase GEnx engines for their Boeing 787-9s on order. The agreement includes 10 firm order and 20 options and is valued at up to $2 billion at list prices.
On Wednesday (September 22, 2021), GE Aviation announced that Vietnamese carrier Bamboo Airways has signed a Memorandum of Understanding (MOU) agreement for the purchase of GEnx engines for the Boeing 787-9 Dreamliners on order. The agreement includes a firm order for 10 engines with 20 options and is valued at up to $2 billion at list prices. The signing ceremony took place in New York City in the presence of Vietnam’s President Nguyen Xuan Phuc. The GEnx engines will be delivered in 2022 to power the airline’s Boeing 787-9 fleet, which will operate between Vietnam and the U.S.
In Wednesday’s announcement, Bamboo Airways’ CEO, Dang Tat Thang, said,
“GE is a large and prestigious corporation in engine manufacturing in the world. The selection of the GEnx engines for our Boeing 787-9 aircraft will help increase the operational efficiency and service quality of Bamboo Airways on Vietnam-US nonstop flights as well as many potential international routes. Besides consolidating and expanding the airline's modern fleet, the signing of this agreement with GE will lay a solid foundation to promote the development of this important route in the future.”
Also commenting on the engine order, GE Aviation’s GEnx General Manager, Dave Kircher, said,
“GE is honored to be a strategic partner to Bamboo Airways. The GEnx engines have proven performance with almost of decade of flying, and Bamboo Airways will fulfill its vision for long international routes thanks to the flying power and fuel efficiencies that the GEnx engine provides.”
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.
Bamboo Airways was established in 2017 and currently serves over 60 domestic and international routes. The carrier is the first private Vietnamese airline dedicated to providing 5-star services with a focus on hospitality. The airline aims to connect high-potential holiday destinations in Vietnam to the world. Bamboo Airways has transported over 5 million passengers with an on-time performance of 96%, higher than any other carrier in Vietnam.
Source(s): GE Aviation, Bamboo Airways