GE · Earnings call · 2026Q3T · Full report

Customer Dynamics

GENERAL ELECTRIC CO · 2026-10-20 · Importance 40 · Surprise 42 · In source text

GE announced major commercial-aircraft engine commitments, including more than 1,000 LEAP-1A engines for IndiGo’s A320neo aircraft and more than 300 LEAP-1B engines for Turkish Airlines’ 737 MAX fleet. The Turkish Airlines agreement also includes a long-term service agreement covering its entire LEAP-1B fleet of more than 600 engines. Airlines are retaining aircraft longer and preparing for future demand, with parked aircraft and retirements down sequentially and CFM56 retirements tracking below earlier expectations, supporting continued aftermarket demand.

Key facts

• GENERAL ELECTRIC CO announced an agreement with IndiGo for more than 1,000 LEAP-1A engines to power its A320neo aircraft.
• GENERAL ELECTRIC CO announced an agreement with Turkish Airlines for more than 300 LEAP-1B engines and a long-term service agreement for its entire LEAP-1B fleet of over 600 engines.
• GENERAL ELECTRIC CO said LEAP engine-driven grounded aircraft have been reduced to nearly zero since the summer.
• GENERAL ELECTRIC CO said Boeing has more than 30 shipsets on and off wing and the number of engines in Boeing inventory has grown over the last few months as engine deliveries have outpaced aircraft deliveries.

Impact estimates