GE Aerospace Receives New Order from Cathay Pacific, Airbus Faces Engine Delays, and Indonesia Signs Contract with Turkey to Buy Fighter Jets.

GE Aerospace has received a new order from Cathay Pacific for GE9X engines, while Cathay Pacific has warned of declining fares and cargo uncertainty, causing its shares to fall. Other aerospace companies, such as Airbus, Bombardier, and Embraer, have also reported mixed financial results. Additionally, the article mentions a consent decree between General Electric and United Nuclear for the cleanup of uranium mine waste and Air India's decision to suspend services to Washington, D.C. starting September 1.

CINCINNATI – August 6, 2025 – GE Aerospace (NYSE: GE) has announced a significant order from Cathay Pacific, which has committed to purchasing GE9X engines to power 14 additional Boeing 777-9 aircraft. This brings Cathay Pacific's total commitment to 35 GE9X-powered 777-9s, underscoring the airline's confidence in GE Aerospace's products and services [1].

The agreement also includes a service agreement to cover the maintenance, repair, and overhaul of the GE9X engines. Mahendra Nair, Group Vice President for Commercial Programs at GE Aerospace, expressed his honor at Cathay Pacific's continued trust in GE Aerospace's offerings. "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," Nair stated [1].

The GE9X engine, recognized as the world's most powerful commercial aircraft engine, offers 10 percent better specific fuel consumption than its predecessor, the GE90-115B, with emissions a generation ahead in technology. Available exclusively on the Boeing 777X family of 777-9 and 777-8F aircraft, the GE9X is designed to operate on Sustainable Aviation Fuel (SAF) blends [1].

Despite this positive development, Cathay Pacific has warned of declining fares and cargo uncertainty, which has led to a decrease in its share price. Other aerospace companies, including Airbus, Bombardier, and Embraer, have also reported mixed financial results [2]. Embraer, in particular, has seen its stock price rise following a positive earnings report, with Goldman Sachs raising its target price from $60.00 to $67.00, indicating a potential 15.69% upside [2].

In a separate development, General Electric has reached a consent decree with United Nuclear for the cleanup of uranium mine waste. Additionally, Air India has announced the suspension of services to Washington, D.C. starting September 1 [2].

References:
[1] https://www.geaerospace.com/news/press-releases/cathay-pacific-signs-agreement-more-ge-aerospace-engines-power-777-9s
[2] https://www.marketbeat.com/instant-alerts/the-goldman-sachs-group-forecasts-strong-price-appreciation-for-embraer-empresa-brasileira-de-aeronautica-nyseerj-stock-2025-08-07/