Qatar Airways, GE ink pacts worth $5 bn

July 11, 2017: Qatar Airways and GE Aviation have signed multiple agreements for GE engines. The agreements are valued at over $5 billion.

The signing ceremony was held between Qatar Airways group chief executive officer (CEO) Akbar Al Baker and David Joyce, GE vice chairman and GE Aviation president & CEO at the White House in Washington DC. Other dignitaries present were US president Donald Trump and Sheikh Tamim Bin Hamad Al-Thani, Emir of the state of Qatar.

H.H. Sheikh Tamim Bin Hamad Al-Thani, Amir of the State of Qatar and US President Donald Trump witness a signing ceremony between Qatar Airways Group Chief Executive Officer Mr. Akbar Al Baker and GE Aviation President and Chief Executive Officer David Joyce in Washington. pic.twitter.com/iTB1vmY7vf

— Qatar Airways (@qatarairways) July 9, 2019

As part of the agreements, Qatar Airways selected the GEnx engine to power its 30 new Boeing 787-9 aircraft along with a TrueChoiceTM Flight Hour agreement to cover the maintenance, repair, and overhaul (MRO) of the engines.

Qatar Airways also signed a TrueChoiceTM Flight Hour agreement for MRO services on its GE9X engine fleet that will power 60 B777X aircraft.

Al Baker, stated, "Qatar Airways has ambitious plans for the future and we are delighted to have GE beside us as we embark on this journey together. These contracts for the GE engines that will power our Boeing 787-9 and Boeing 777X aircraft further cement the strong relationship between Qatar Airways and GE."

"Qatar Airways is one of the fastest growing airlines in the world, and GE Aviation is proud to collaborate with Qatar Airways and play a significant role in its growth," said Joyce. "The signing will increase Qatar's GEnx-powered B787 fleet to 60 aircraft and ensure the airlines' GEnx and GE9X engines receive the highest level of maintenance and support."

During his visit, Al Baker has even signed a pact with Kevin McAllister, president and CEO Boeing Commercial Airplanes for five B777Fs.