China’s Juneyao Airlines Signs $1.4B Engine Deal with GE



China’s Juneyao Airlines signed a $1.4 billion deal with General Electric (GE) for supply of new GEnx engines for its Boeing 787 aircraft. Juneyao ordered engines for its 10 Boeing 787-9 aircraft in 2016, which will be delivered in 2018.

The GEnx engine is a high-thrust jet engine that powers the four-engine Boeing 747-8 and the Boeing 787 Dreamliner. The $1.4 billion order includes a 15-year agreement with GE Aviation for maintenance and repair of the engines.

The deal is one of many contracts and two-way investment agreements signed by China and the U.S. during the just concluded visit of Donald Trump, worth more than $250 billion. Earlier, China Aviation Suppliers Holding Company (CASC) signed an agreement with Boeing for 300 aircraft, valued at more than $37 billion. It includes both orders and commitments for 300 Boeing single-aisle and twin-aisle aircraft, made up of planes from the 737, 787 and 777 families.

China has seen a surge in the civil aviation transportation market in recent years. The CASC has undertaken bulk purchases of Boeing aircraft to allow aviation transport companies to continuously expand their capacity and fleet structure, the CASC said in a press release.


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