How dare you!!!!!!
Here's a longer one though! HAHA!
Air France orders A380 engines
By Kevin Done, Aerospace Correspondent
Published: May 29 2001 19:00GMT | Last Updated: May 29 2001 20:16GMT
Air France on Tuesday became the first airline to order engines for the Airbus A380 superjumbo from the Engine Alliance joint venture formed by General Electric and Pratt & Whitney of the US in preference to the rival engine offered by Rolls-Royce of the UK.
Rolls-Royce has previously established itself with its Trent 900 power unit as the lead supplier of engines for the 555-seat A380 superjumbo, which will be the biggest civil aircraft ever built.
The UK group has swept the board winning all the early engine contests with orders from Qantas, the Australian airline, Singapore Airlines, Virgin Atlantic of the UK and International Lease Finance Corporation of the US.
The breakthrough by the Engine Alliance at Air France had been expected, however, given the strong position of GE in the French airline's existing fleet and the extensive links between Snecma, the French state-owned aero engine maker and the US group.
Both Snecma and MTU of Germany, a subsidiary of DaimlerChrysler, will be partners in the Engine Alliance project to develop the GP7000 series engines for the A380. The US joint venture is hopeful of winning a second order shortly from FedEx, the US express air cargo group.
The A380, which is being developed in a $10.7bn project officially launched by Airbus, the European aircraft maker, at the end of last year, is due to enter service in the first half of 2006 with Singapore Airlines.
In a joint statement GE and P&W said the order to power the ten aircraft ordered by Air France, including option and spare engines, was worth nearly $900m at list prices.
In practice, however, the engines will have been sold at a huge discount with the engine makers counting on profiting in later years from sales of spares and maintenance.
Detailed design work on the GP7000 will begin in early 2003 leading to the first full engine test in early 2004 with the aim of gaining certification from the US and European airworthiness authorities in mid-2005. It is planned for entry into service with Air France at the end of 2006.
The breakthrough for the Engine Alliance was particularly important for P&W, which has been rapidly losing market share in the large jet engine market to its rivals GE and Rolls-Royce.
Airbus, which has so far received firm orders for 62 A380s, has taken a stranglehold on the superjumbo market. Boeing of the US has recently shelved its rival project to develop the 747X, a stretched version of its 747-400 jumbo, after it failed to win a single order.
© Copyright The Financial Times Limited 2001.
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