Business Recorder - Business & Finance - Industry https://www.brecorder.com/ Business Recorder en-Us Copyright 2026 Thu, 13 Aug 2026 20:11:29 +0500 Thu, 13 Aug 2026 20:11:29 +0500 60 Etihad, Engine Alliance in $1.5bn engine deal https://www.brecorder.com/news/6007/etihad-engine-alliance-in-15bn-engine-deal <p><img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt=" " src="https://i.brecorder.com/images/stories/pics2011/mar/Etihad-Airways_400.jpg" width="400" height="266" />ABU DHABI: Etihad Airways inked a $1.5 billion deal with Engine Alliance, owned by General Electric and United Technologies unit Pratt & Whitney, to provide engines for its planned fleet of Airbus A380 aircraft.</p> <p class="MsoPlainText">The Abu Dhabi-based carrier said on Monday the GP7200 engines would be used to power a first batch of 10 A380s set to enter its fleet from 2014.</p> <p class="MsoPlainText">The contract includes long-term fleet management for the maintenance, repair and overhaul of the engines.</p> <p class="MsoPlainText">Emirates [EMIRA.UL] and Air France currently operate GP7200-powered A380s.</p> <p class="MsoPlainText">Etihad said in January its revenue grew 29 percent to $2.95 billion in 2010 and it was on track to break even this year and earn a profit in 2012.</p> <p class="MsoPlainText"><Center /><b><i>Copyright Reuters, 2011</b></i><br /></center></p> ABU DHABI: Etihad Airways inked a $1.5 billion deal with Engine Alliance, owned by General Electric and United Technologies unit Pratt & Whitney, to provide engines for its planned fleet of Airbus A380 aircraft.

The Abu Dhabi-based carrier said on Monday the GP7200 engines would be used to power a first batch of 10 A380s set to enter its fleet from 2014.

The contract includes long-term fleet management for the maintenance, repair and overhaul of the engines.

Emirates [EMIRA.UL] and Air France currently operate GP7200-powered A380s.

Etihad said in January its revenue grew 29 percent to $2.95 billion in 2010 and it was on track to break even this year and earn a profit in 2012.

Copyright Reuters, 2011

]]> Business & Finance https://www.brecorder.com/news/6007 Mon, 07 Mar 2011 13:06:17 +0500 none@none.com (Asad Naeem)