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GE Aerospace Enters Into Services Contract With Silk Way West Airlines
ZACKSยท 2025-09-16 15:06
Core Insights - GE Aerospace has signed an extended services contract with Silk Way West Airlines to maintain its operational fleet of Boeing aircraft, covering various engine types including GE90-115B, GEnx-2B, and GE9X [1][9] Group 1: Contract Details - The contract includes maintenance for six GE90-115B-equipped 777 Freighters, five GEnx-2B-powered 747-8 Freighters, and four GE9X-equipped 777-8 Freighters [1] - This deal reinforces the long-standing collaboration between GE Aerospace and Silk Way West Airlines, which has a strong GE-powered fleet [3][9] Group 2: Engine Performance and Impact - The GEnx engine family has completed over 62 million flight hours, with more than 3,600 engines currently in service and backlog [2][9] - The GE9X engine offers a 10% improvement in specific fuel consumption compared to its predecessor, enhancing operational efficiency for the airline [2] Group 3: Market Position and Financial Performance - GE Aerospace holds a Zacks Rank of 1 (Strong Buy), benefiting from a growing installed base and increased utilization of engine platforms due to strong demand in commercial and defense sectors [5] - In the last three months, GE's shares have increased by 21.6%, outperforming the industry growth of 7.1% [6]