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Al Etihad
5 days ago
- Business
- Al Etihad
Sanad reports robust H1 2025 revenue of Dh3.2 billion as global orderbook surpasses Dh38 billion
17 July 2025 19:16 ABU DHABI (ALETIHAD)Sanad, the global aerospace engineering and leasing solutions leader wholly owned by Abu Dhabi's sovereign investor Mubadala Investment Company PJSC (Mubadala), today announced strong financial and operational results for the first half of 2025, reinforcing its role as a strategic enabler of the UAE's aviation and industrial recorded revenues of Dh 3.2 billion for H1 2025, marking a 39% increase over the same period last year, driven by continued momentum across its Maintenance, Repair, and Overhaul (MRO) and Asset Management divisions. Building on its Dh 4.92 billion achieved in 2024, Sanad is on track to achieve projected full-year revenues of Dh 5.4 billion in 2025. With 99% of H1 2025 revenues generated from international markets, Sanad is not only expanding its global footprint but also channeling international revenue streams into the UAE economy, reinforcing Abu Dhabi's position as a net exporter of advanced aerospace services and a rising force in the global aviation value chain. Expanding Global Orderbook and Strategic Agreements The Group's global orderbook has reached an all-time high of Dh 38 billion, driven by long-term agreements with key partners and an expanding global footprint. Notable developments include Sanad's entry into the Pratt & Whitney GTF MRO Network as the first and only provider in the SAMENA region, as well as the expansion of MRO operations to Al Ain through its strategic partnership with AMMROC. New engine maintenance agreements were signed with leading global airliners such as Lion Air and Garuda Indonesia, while the Group strengthened its long-standing collaboration with CFM International to provide full overhaul services for LEAP-1A and LEAP-1B MRO division has successfully inducted 90 engines in the first half of 2025 and is on pace to complete 210 inductions by year-end, a 30% increase over 2024. This growth has been enabled by major infrastructure and tooling investments to expand capacity and meet rising global demand. Investing in Infrastructure, Tooling, and expanded Capabilities As part of its long-term strategy to position Abu Dhabi as a global hub for engine MRO, Sanad is investing over Dh 150 million to expand and modernize its infrastructure, tooling, and facility capacity, laying the foundation for accelerated growth and enhanced service delivery worldwide:Upgraded engine test cell to enable full live testing of CFM LEAP engines, supporting both current and future customer requirementsCommenced phased rollout of full LEAP engine MRO capabilities, positioning Sanad among a select group of global MRO providers equipped to service this high-demand platformAdded new critical engine component repair capabilities for both LEAP and GEnx engines, marking a major milestone in expanding its advanced repair expertise and supporting faster turnaround times for airline parallel, Sanad expanded its Abu Dhabi headquarters by 3,600 sqm and commissioned a new 5,000 sqm MRO facility in Al Ain in partnership with AMMROC. These strategic investments significantly elevate Sanad's global competitiveness, technical capabilities and operational resilience, reinforcing its role as a catalyst for industrial innovation in the UAE and a trusted partner in the global aerospace value chain. Asset Management and Leasing Milestones Sanad continued to advance its position as a global asset management leader in H1 2025, executing high-impact transactions that are redefining aftermarket capabilities and strengthening its role in the global aviation supply chain. The Group acquired a portfolio of Rolls-Royce Trent 700 engines from Etihad Airways, significantly expanding its global asset management portfolio. In parallel, Sanad completed a strategic parts portfolio sale to AerSale, enhancing its aftermarket support one of the most notable transactions in the aviation leasing sector, Sanad also finalized a landmark Dh 400 million engine and component sale with AerCap Materials, marking one of the largest asset sales of its kind to strategic milestones reflect Sanad's agile, value-driven approach to asset management and underscore its growing influence in shaping the future of the global aviation aftermarket. Workforce Growth and Emirati Talent Development Sanad's success is driven by its people and the ability to attract, retain, and develop high-caliber talent in an increasingly competitive global aerospace market. Amid global talent shortages, the Group continued to grow and invest in future-ready capabilities:The workforce grew by 15% year on year, reaching 621 employees, including 51 new hires this year Emiratization rose to 34.6%, up from 28.3% in H1 2024 Delivered over 1384 training hours in H1 2025, focused on advanced MRO skills, safety, and leadership. In H1, Sanad signed an MoU with GE Aerospace to drive immersive training and knowledge exchange. In parallel, two Emirati engineers began a six-month exchange program at Rolls-Royce facilities in the UK, part of a strategic initiative announced last year during the Farnborough structured programs like the Sanad Technical Development Programs, Future Leaders Program, and OEM-certified trainings, are designed to cultivate a world-class aerospace talent Siddiqui, Group Chairman of Sanad, stated: "Sanad's strong performance in the first half of 2025 reflects strategic clarity, disciplined execution, and the continued trust of our global partners. What sets Sanad apart is its unwavering commitment to building future-ready capabilities—investing in people, technology, and global collaborations. Through knowledge exchange and advanced technical development, Sanad is helping shape a resilient, knowledge-based aerospace ecosystem that embodies the UAE's bold industrial vision. It stands as a powerful example of how UAE-born champions can deliver sustainable growth, global relevance, and lasting impact."Mansoor Janahi, Managing Director and Group CEO of Sanad, said: "Our performance in H1 2025 reflects the strength of our strategy, execution, and long-standing global partnerships. The expansion of our LEAP and GTF capabilities, the successful asset sale transactions, and our investments in infrastructure and talent all underscore Sanad's growing influence on the global aerospace stage. By embedding innovation into everything we do, whether through advanced MRO solutions or transformative talent development, we are not only meeting the evolving needs of our customers but also reinforcing Abu Dhabi's position as a global hub for aerospace excellence.' Looking ahead With a strong H1 foundation, Sanad is poised to deliver continued growth in H2 2025. The Group will advance global partnerships, scale infrastructure, and drive innovation to support rising demand for advanced MRO and asset management services. As Sanad continues to shape the future of aerospace, it remains committed to strengthening the UAE's industrial ecosystem and expanding its leadership across the global aviation value chain.
Yahoo
14-07-2025
- Business
- Yahoo
Up 55% YTD, Is GE Aerospace Stock a Buy Before July 17?
GE Aerospace (GE) will release its second quarter 2025 financials on Thursday, July 17. Shares of the company have been on a strong upward trajectory this year, with its stock soaring more than 55% since the beginning of the year. This impressive rally reflects the continued momentum in the company's order book and solid revenue and earnings growth. In the first quarter of 2025, GE Aerospace delivered strong results, highlighted by substantial growth in both revenue and earnings per share (EPS). Orders saw a notable 12% increase, driven primarily by commercial services, while revenue rose by 11%. GE reported a profit of $2.1 billion, reflecting a significant 38% increase from the previous year, driven by increased service volume, a favorable product mix, and pricing strategies. Shopify Stock is a Bargain - How to Make a 3.2% One-Month Yield with SHOP Tariffs, Inflation and Other Key Things to Watch this Week Stocks Set to Open Lower as Trump Ratchets Up Tariff Threats, U.S. Inflation Data and Big Bank Earnings Awaited Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Moreover, margins expanded by 460 basis points to 23.8%. EPS surged to $1.49, up 60% year-over-year, bolstered by profit growth and reduced share count resulting from buyback initiatives. Looking ahead, GE Aerospace maintains a robust commercial backlog of about $140 billion, providing a solid foundation for future growth. As the company will soon announce second-quarter results, let's look at analysts' expectations for Q2. GE Aerospace is witnessing strong demand, with its second quarter shaping up to build on the momentum seen earlier this year. In the first quarter, the company outperformed expectations, thanks mainly to higher spare parts volume and a favorable services mix. That trend will likely continue, laying the foundation for another impressive performance. One of the key growth catalysts for GE Aerospace is its Commercial Engines & Services (CES) segment. CES is currently leveraging its large installed base of commercial aircraft engines, which is translating into solid financials. Orders in the segment surged 31% year-over-year in Q1, while revenue climbed 17%. This impressive growth translated to a 35% increase in total operating profit, reflecting the strength and scale of the company's aftermarket services. Recent significant commitments from top global carriers will likely further drive CES's performance. Its considerable wins on the commercial front included a significant engine commitment from Japan's All Nippon Airways (ANA). ANA also opted for the company's GEnx engines, solidifying its long-term partnership with GE Aerospace. Further bolstering its order book, GE Aerospace received a commitment from Malaysia Aviation Group for 60 LEAP engines for their upcoming Boeing 737 MAX aircraft. And in the widebody segment, Korean Air placed an order for up to 30 Boeing 787-10s and 20 777-9s, all to be powered by GE's GEnx and GE9X engines. These deals reflect GE's strong market position and the continued demand for its advanced engine technologies. On the defense side, the company's Defense & Propulsion Technologies (DPT) unit is also firing on all cylinders. DPT is focused on advancing key military programs and delivering cutting-edge propulsion technologies. In Q1, defense revenue rose 5%, while profit surged 16%. Strong demand continues to drive this segment, evidenced by a book-to-bill ratio of 1.4x. Among the notable developments, GE Aerospace secured a significant contract from the U.S. Air Force for its F110 engines — an agreement worth up to $5 billion. Looking ahead, analysts remain optimistic about the company's earnings potential. GE Aerospace is expected to post earnings of $1.43 per share for the second quarter, representing a 19.2% increase over the $1.20 reported in the same period last year. GE has also built a strong track record of outperforming expectations, beating analysts' earnings estimates for four consecutive quarters. In Q1, it delivered an 18.3% earnings surprise. As the company heads into its second-quarter earnings report, analysts are feeling confident on GE stock. With a solid combination of commercial engine demand, robust defense contracts, and a proven ability to beat earnings forecasts, GE Aerospace is well-positioned for a strong second quarter. Analysts are optimistic about GE Aerospace stock ahead of earnings and maintain a 'Strong Buy' consensus rating. This implies the rally may not be over just yet. On the date of publication, Amit Singh did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on

Travel Weekly
12-07-2025
- General
- Travel Weekly
Fuel switches were cut off moments before Air India plane crashed
Both fuel cutoff switches moved to the off positions shortly after doomed Air India Flight 171 took off on June 12, according to the preliminary accident investigation report. The report, released by India's Air Accident Investigation Bureau, doesn't draw conclusions on the cause of the crash, but its details will place scrutiny on the pilots. The bureau said the crash killed 260 passengers, crew and bystanders. The flight had been bound from Ahmedabad to London Gatwick, but crashed soon after takeoff. It was operated with a Boeing 787 Dreamliner and powered by two General Electric GEnx turbofan engines. The engine cutoff switch is typically used by pilots to power down a plane upon landing. The report states that just three second after liftoff, the cutoff switches from both engines moved from the "run" position to the "cutoff" position. "In the cockpit voice recording, one of the pilots is heard asking the other why did he cut off," the report reads. "The other pilot responded that he did not do so." The co-pilot was flying the plane at the time, with the captain taking a monitoring role. The report does not state which pilot asked about the fuel cutoff switches being turned off and which responded that he had not turned them off. Ten seconds after the switches moved to the cutoff position, the switch for engine one was turned back to the "run" position, the reports states. The engine two switch was turned back on four seconds after that. Both engines showed immediate signs of being reignited. Engine one began to recover thrust prior to the crash, but engine two did not. The flight transmitter stopped recording, indicating the crash, just 32 seconds after liftoff. At this stage, there are no recommended actions for operators or manufacturers of Boeing 787-8 planes or GEnx engines, according to the report. The investigation into the crash is continuing.
Yahoo
30-06-2025
- Business
- Yahoo
Boeing and GE Shares Climb as 787 Black Boxes Yield Clues
June 30 - Boeing (NYSE:BA) shares inched up about 1.5% early Monday as analysts awaited insights from flight data recovered after the June 12 crash of Air India Flight 171. Teams in Delhi began downloading information from the 12?year?old 787's two black boxes, flight-data and cockpit-voice recorders painted bright orange to aid recovery, hoping to pinpoint what led to the jet's failure shortly after takeoff. Warning! GuruFocus has detected 6 Warning Signs with BA. Meanwhile, GE Aerospace (NYSE:GE) stock climbed more than 3%, buoyed by its role as the 787's GEnx engine supplier and recorder manufacturer. The aircraft had logged roughly 41,700 flight hours over 7,800 trips and underwent a C check inspection in 2023, with engine overhauls earlier this year. India's aviation regulator and both manufacturers declined to comment, as is standard during active probes. Investigators are focused on why both engines cut out, examining fuel systems, electrics and hydraulics, said Civil Aviation Minister Murlidhar Mohol. A preliminary update may arrive in the coming weeks, with a full accident report expected in the months ahead, potentially shedding early light on the deadly 787 failure. This article first appeared on GuruFocus.
Yahoo
30-06-2025
- Business
- Yahoo
Boeing and GE Shares Climb as 787 Black Boxes Yield Clues
June 30 - Boeing (NYSE:BA) shares inched up about 1.5% early Monday as analysts awaited insights from flight data recovered after the June 12 crash of Air India Flight 171. Teams in Delhi began downloading information from the 12?year?old 787's two black boxes, flight-data and cockpit-voice recorders painted bright orange to aid recovery, hoping to pinpoint what led to the jet's failure shortly after takeoff. Warning! GuruFocus has detected 6 Warning Signs with BA. Meanwhile, GE Aerospace (NYSE:GE) stock climbed more than 3%, buoyed by its role as the 787's GEnx engine supplier and recorder manufacturer. The aircraft had logged roughly 41,700 flight hours over 7,800 trips and underwent a C check inspection in 2023, with engine overhauls earlier this year. India's aviation regulator and both manufacturers declined to comment, as is standard during active probes. Investigators are focused on why both engines cut out, examining fuel systems, electrics and hydraulics, said Civil Aviation Minister Murlidhar Mohol. A preliminary update may arrive in the coming weeks, with a full accident report expected in the months ahead, potentially shedding early light on the deadly 787 failure. This article first appeared on GuruFocus. Sign in to access your portfolio