PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: General Electric Company

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

GE Aviation and its JV Companies Announce $16B in Deals at the 2010 Farnborough Air Show and Further Expands GE's $128B High-Margin Services Backlog - GE Aviation along with its joint venture companies, CFM International and the Engine Alliance, have amassed engine and services orders valued at more than $16 billion (USD) at the 2010 Farnborough Air Show
GE Aviation and its JV Companies Announce $16B in Deals at the 2010 Farnborough Air Show and Further Expands GE's $128B High-Margin Services Backlog

 

NewswireToday - /newswire/ - Farnborough Air Show, Hampshire, United Kingdom, 2010/07/21 - GE Aviation along with its joint venture companies, CFM International and the Engine Alliance, have amassed engine and services orders valued at more than $16 billion (USD) at the 2010 Farnborough Air Show. NYSE: GE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Aviation/Aerospace Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

"GE Aviation is excited with the tremendous amount of engine and services orders that received at the 2010 Farnborough Air Show," said David Joyce, president and chief executive office of GE Aviation. "The level of activity at the show demonstrates that the aviation industry is beginning to emerge from the economic downturn."

GE Aviation and its joint companies garnered $11 billion in engine orders and $5 billion in long-term, high-margin service agreements. Highlights include:

• Emirates ordered 30 GE90-115B-powered Boeing 777-300ER aircraft valued at $2 billion list price. Emirates also signed a 12-year OnPointSM solution services agreement for the maintenance and overhaul of its GE90-115B engines worth more than $1 billion over its life.
• Air China selected the CFM56-5B engine for its 20 firm Airbus A320 aircraft, valued at $600 million U.S. at list price, including a long-term maintenance agreement with CFM.
• China Eastern Airlines selected the CFM56-5B engine to power 30 Airbus A320 aircraft, valued at approximately $600 million list price. China Eastern also signed a long-term maintenance agreement with CFM.
• GE Capital Aviation Services ordered CFM56-7B engines to power 40 Boeing 737-700/-800/-900 aircraft and CFM56-5B engines to power its 60 Airbus A320 aircraft. The combined engine order is valued at $1.4 billion at list price.
• Afriqiyah Airways signed a 10-year OnPointSM solution agreement for its CFM56-5B engine fleet, valued at more than $50 million over the life of the contract.
• Emirates selected the Engine Alliance GP7200 engines to power its 32 additional A380 aircraft announced last month. The total value of the engine and Fleet Management Agreement is approximately $4.8 billion over the life of the contract.
• TAAG (Angola Airlines) signed a 10-year OnPointSM solution services agreement for its 10 GE90 engines, valued at more than $50 million over the life of the agreement.
• Azul Linhas Aereas ordered five CF34-10E-powered EMBRAER 195 aircraft valued at more than $40M list price.
• TRIP Linhas Aereas has exercised its option to purchase two EMBRAER 190 aircraft powered by CF34-10E engines. The engine order is valued at $17M list price.
• LAN Airlines chose CFM56-5B engine to power 70 new Airbus A319/A320/A321 aircraft. The order is valued at $2 billion list price, including engines and a long-term maintenance agreement with CFM.
• Royal Jordanian has agreed to purchase six GEnx-1B engines to power its three additional Boeing 787 Dreamliner aircraft.
• Flybe ordered 35 CF34-8E-powered EMBRAER 175 valued at more than $360M list price. The airline also signed a 10-year OnPointSM solution services agreement for the new CF34-8E engines valued at more than $100M over the life of the agreement.
• Air Lease Corporation, the new venture by Steve Udvar-Hazy, ordered 60 CFM56-7B-powered Boeing 737 aircraft, valued at $840 million list price.
• Air Arabia selected the CFM56-5B engine to power its 44 Airbus A320 family aircraft. This new engine selection is valued at more than $620 million list price.
• RBS Aviation Capital ordered 43 CFM56-7B-powered Boeing Next-Generation 737 aircraft, valued at $600 million list price.
• Norwegian Air Shuttle ordered 15 CFM56-7B-powered Boeing 737-800s, valued at $210 million list price.
• Avolon, a new leasing company, ordered 12 CFM56-7B-powered Boeing 737-800 aircraft, with an engine value of $165 million list price.
• China's OKAY airlines orders 10 CFM56-7B-powered Boeing Next-generation 737 in an engine order valued at $140 million list price.
• China’s Spring Airlines selected CFM56-5B engines to power four new Airbus A320 family aircraft in an engine order valued at $70 million list price. The airline also extended its OnPointSM solution agreement with GE Aviation to include these engines as well as three additional leased aircraft. The total OnPoint solution agreement (covering all 37 aircraft) is valued at $300 million of the life of the contract.
• Air Austral ordered two GE90-115B-powered Boeing 777-200LR aircraft. The engine order is valued at more than $100 million list price.
• Qatar Airways converted two options for GE90-115B-powered Boeing 777-200LR aircraft into firm orders. The engine order is valued at more than $100 million list price.
• Republic Airways signed a letter of intent to purchase 24 CF34-10E-powered EMBRAER 190 aircraft. The CF34-10E engine order is valued at more than $190 million list price.

At Farnborough, GE Aviation launched its new myEnginesTM digital services, a suite of digital applications to help customers better manage their engine fleets and improve productivity. This is the latest announcement in GE’s growing $4 billion-per-year software and solutions business. LAN Airlines is the launch customer for myEngines digital services, which will cover LAN's entire fleet of CF6-80C2, GE90-115B, CFM56-5B and –5C engines.

GE Aviation also announced its OnPointSM Fuel & Carbon Solutions was added as the newest product in GE’s ecomagination portfolio. OnPoint Fuel and Carbon Solutions could help GE Aviation’s customers reduce their fuel spend by an average of three percent.

CFM International announced Czech Airlines (CSA), the flag carrier of the Czech Republic, achieved TRUEngine status for 22 CFM56-3 and 31 CFM-5B engines powering its fleet of Boeing 737-400/-500 and Airbus A319/A320/A321 single-aisle, respectively.

CFM International is a 50/50 joint company between Snecma (Safran group) and GE. The Engine Alliance is a 50/50 joint between between GE and Pratt & Whitney.

GE Aviation (ge.com/aviation), an operating unit of GE (NYSE: GE), is a world-leading provider of jet and turboprop engines, components and integrated systems for commercial, military, business and general aviation aircraft. GE Aviation has a global service network to support these offerings.

SMOnPoint is a service mark of General Electric Company.
TMmyEngines is a trade mark of General Electric Company.

Press Contact
Rick Kennedy, GE Aviation, Media Relations Manager
P: +1 513 243 3372, M: +1 513 607 0609, E: rick.l.kennedy[.]ge.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Aviation/Aerospace Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: General Electric Company

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Aviation/Aerospace articles,
CATCH Visitors via Your Competitors Announcements!


GE Aviation and its JV Companies Announce $16B in Deals at the 2010 Farnborough Air Show and Further Expands GE's $128B High-Margin Services Backlog

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

GE News Center |
Publisher Contact: Deb Case - GE Aviation 
513-243-0094 deborah.case[.]ge.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any General Electric Company securities in any jurisdiction including any other companies listed or named in this release.

Aviation/Aerospace via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From General Electric Company / Company Profile


Read Aviation/Aerospace Most Recent Related Newswires:

Embraer Delivers its 1,300th E-Jet to Tianjin Airlines
Thales Alenia Space and SENER Begin their Business Alliance in Optical Payloads for Space Missions
Saab and Embraer Inaugurate the Gripen Design and Development Network in Brazil
AMES Launches New Nacelle and Aerostructure Repair, Overhaul Services Capabilities
Leonardo - SW-4 ‘Solo' Rotary Wing Unmanned Air Vehicle and Advanced Airborne Sensors at Unmanned Warrior 2016
Embraer Signs Agreements with United Airlines and Republic Airways
GE Assigned Maintenance Role for Systems on F-35 Aircraft in Australia
Frost & Sullivan Commends Airbus DS Communications for Adding High Value to the NG911 Market with its VESTA® Solution Suite
Thales Alenia Space Completes the Acquisition of RUAG’s Opto-electronics Business Line
Thales to Equip Avionics Systems on China Southern Newest Boeing 737 Fleet
Thales to Equip Avionics Systems on 180 Newest China Eastern Single Aisle Boeing and Airbus
Leonardo Wins Contract in China to Provide Air Traffic Control Radars
Safran's Silvercrest Engine Selected by Cessna to Power its New Citation Hemisphere Large-cabin Business Jet
Leonardo Announces Contract with Airbus for the New A321 Fuselage
Thales will Provide AVANT IFE Solution for Emirates Boeing 777X Fleet

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)