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Etihad, Pratt-GE alliance in $1.5B engine deal

Abu Dhabi air carrier Etihad Airways inked a $1.5 billion deal with Engine Alliance, owned by Fairfield-based General Electric and United Technologies Corp.’s Pratt & Whitney Co. unit, to provide engines for its planned fleet of Airbus A380 aircraft, Reuters reports.

Etihad said on Monday the GP7200 engines would be used to power a first batch of 10 A380s set to enter its fleet from 2014.

The contract includes long-term fleet management for the maintenance, repair and overhaul of the engines.

Emirates and Air France currently operate GP7200-powered A380s.

Etihad said in January its revenue grew 29 percent to $2.95 billion in 2010 and it was on track to break even this year and earn a profit in 2012.

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