GE Aerospace Lands Major Korean Air Deal: GEnx And GE9X Engines To Power New Boeing Fleet

GE Aerospace GE on Wednesday disclosed that Korean Air has selected GEnx and GE9X engines to power its newly ordered fleet of 20 Boeing 777-9s and up to 30 787-10s.

The order also includes a service agreement for the maintenance, repair, and overhaul of the GE9X engines.

This makes Korean Air the first airline in South Korea to operate GE9X-powered aircraft.

The GE9X engine stands as the most powerful commercial aircraft engine and the most fuel-efficient in its category.

Exclusively designed for the Boeing 777X family, including the 777-9 and 777-8, it delivers a 10% improvement in specific fuel consumption over the GE90-115B while achieving next-generation emissions performance.

Notably, like all GE Aerospace commercial engines, both the GEnx and GE9X are already certified to operate with Sustainable Aviation Fuel (SAF) blends.

Russell Stokes, President and CEO, Commercial Engines and Services, GE Aerospace said, “Today’s order represents the next chapter in our long-standing partnership with Korean Air and reaffirms our commitment to support their successful fleet upgrade and expansion.”

This month, the company revealed its intention to invest nearly $1 billion in its U.S. manufacturing facilities and supply chain to strengthen production capabilities, enhance engine safety, and integrate cutting-edge materials crucial for the future of aviation.

Investors can gain exposure to the stock via TCW Transform Systems ETF PWRD and iShares U.S. Aerospace & Defense ETF ITA.

Price Action: GE shares are down 0.23% at $206.89 premarket at the last check Thursday.

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