Cathay Pacific To Purchase More GE Aerospace (GE) Engines To Power 777-9s

GE Aerospace (NYSE:GE) is among the 11 Best Large Cap Defense Stocks to Buy According to Analysts. On August 6, the company announced that Cathay Pacific has signed an agreement to purchase more GE9X engines to power the 777-9 aircraft.

The deal has raised the airline’s total commitment to 35 GE9X-powered 777-9s. It also includes a service agreement for the maintenance, repair, and overhaul of the engines.

Mahendra Nair, Group Vice President for Commercial Programs at GE Aerospace (NYSE:GE), stated the following on the recent deal:

“Cathay Pacific was the first customer in the Asia-Pacific region to select the new GE9X engine and we’re honored they continue to place their confidence in our products and services. Combining the world’s largest twin-engine commercial passenger jet and the most powerful commercial aircraft engine will enable Cathay to reach destinations across the globe.”

The GE9X engine is the most powerful commercial aircraft engine in the world. It is also the most fuel-efficient in its class. Moreover, like all other commercial engines offered by the company, it can operate on Sustainable Aviation Fuel (SAF) blends.

In other related news, the Turkish Aerospace Industries (TAI) recently announced the signing of an agreement with GE Aerospace (NYSE:GE) to strengthen the F404 turbofan engines and any potential future collaborations related to Türkiye’s HURJET jet trainer.

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Disclosure: None.