Flydubai in $750m engine, winglet deals
Dubai, July 21, 2008
The new low cost airline from Emirates, flydubai has placed orders worth $750 million for engines and winglets on its debut at the Farnborough Air Show.
In the first part of the deal, flydubai signed with CFM International, a 50/50 JV between Snecma and GE, for 50 CFM56-7B engines to power the 50 Boeing 737-800/900s ordered on the first day of the air show.
The engines, valued at $700 million at list prices, are the Tech Insertion configuration, which provide operators with lower fuel consumption, lower emissions and lower maintenance costs.
The engine’s 1 per cent improvement in fuel consumption lowers CO2 emissions, ensuring a reduction of 200 tonnes per aircraft per year, according to a statement.
In a separate deal, flydubai also signed an agreement worth $50 million for blended winglets from Aviation Partners Boeing (APB).
The blended winglets, which are for the 737-800s, add an extra 1.4 m to the wingspan of the aircraft and offer a range of environmental benefits, including reduced fuel consumption and lower noise emissions.
“Blended Winglets will save flydubai up to 4 per cent of the total fuel burn on their new fleet of next generation 737s,' said Christopher Stafford, director of sales, APB.
'This improvement usually equates to an annual fuel saving of between 75,000 – 125,000 gallons per aircraft per year,' he added.
“This combination of engines and winglets means we will be operating aircraft that are as kind to the environment as possible. With the winglets, our 737s will be operating with a lower fuel burn and a reduction in NOx emissions of almost 5 per cent,' explained Ghaith Al Ghaith, CEO, flydubai.
'The winglets also provide a 6.5 per cent reduction in the noise affected area on take off. When you put that together with the reductions in CO2 emissions that we will have from the engines, our 737s we will be among the most environmentally friendly aircraft flying today,' he added.
“The Farnborough Air Show has been an important milestone in the development of flydubai. We now have our fleet in place. And we begin commercial operations next summer,' he said.
The airline kicked off the air show with an historic order for 54 Boeing 737-800/900s worth $4 billion at list prices.
This is the biggest order the aircraft manufacturer has ever received from a gulf-based low cost carrier for the 737.- TradeArabia News Service
More Travel, Tourism & Hospitality Stories
- Air Arabia to distribute 7.25pc cash dividends
- Novotel Abu Dhabi Al Bustan opens
- Top firms plan Dubai World Central move
- Ferrari Land theme park to open in Spain
- Hilton to open 125-room hotel in Saudi
- Abu Dhabi runway closed for upgradation work
- Etihad to fly three times a day to Moscow
- Etihad Regional to lease 4 ATR aircraft
- Etihad soars high with record $6.1bn revenue
- Plaza opens lounges at Bengaluru
- Mövenpick opens organic hotel in Egypt
- Abu Dhabi to expand trade engagement programme
- WTO in deal to promote adventure travel
- Iata cuts global airline profit forecast to $18.7bn
- Gulf Hotels plans $132m waterfront property in Dubai
- Yas Island targets German tourist trade
- Sharq Doha unveils Al Dana Garden
- Beacon technology 'ideal' to aviation industry
- Emergency drill to take place at Amman airport
- JA Resorts to launch high-end resort In Maldives
- $5.3bn hotel projects coming up in Saudi
- Hilton appoints new GM for Alexandria hotel
- Air Arabia opens new sales office in Bahrain
- Lufthansa aims high with 'First Class' service
- Emirates launches new service to Boston
- Dubai Airports 'powers down' for green initiative
- City Seasons opens 5-star hotel in Abu Dhabi
- Etihad alert on fog
- Bahrain F1 visa procedures issued
- Oman Air appoints GSA for Turkey