Air Canada has announced on Wednesday that it will use GE Aerospace's GEnx-1B engines to power its upcoming Boeing (NYSE:BA) 787-10 aircraft. The decision strengthens the existing relationship between the airline and the engine manufacturer, as Air Canada's active Boeing 787-8 and -9 models are also powered by GE engines.
The contract includes an order for 36 GEnx-1B engines and four spares, with an option for an additional 24 engines. The GEnx-1B is a popular choice among airlines for Boeing's 787 aircraft, powering two-thirds of all operational 787 aircraft. According to GE Aerospace, their GEnx engine offers superior fuel efficiency, promising a fuel burn saving of 1.4% on a typical Dreamliner flight compared to the Rolls-Royce (OTC:RYCEY) engine. This could potentially lead to annual savings of up to $300,000 per aircraft.
Joshua Vanderveen, Vice President of Maintenance at Air Canada, expressed satisfaction with the continuation of their partnership with GE Aerospace. He highlighted the efficiencies and synergies offered by the GEnx engines across their Dreamliner fleet.
Air Canada's active fleet comprises 181 aircraft, including a mix of Airbus and Boeing models. The recent firm order for an additional 18 Boeing 787-10 aircraft (with an option for a further 12) signals Air Canada's plan to expand its Dreamliner fleet. The first delivery of a Boeing 787-10 is expected in 2025, which will position Air Canada among a select group of airlines operating all three variants of the Boeing 787 family.
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