Business & Finance

Etihad, Engine Alliance in $1.5bn engine deal

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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