* Further Expands GE’s $128Billion High-Margin Services Backlog
Source: DTN News / GE Aviation
(NSI News Source Info) FAIRFIELD, Conn. - July 22, 2010: 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 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:
“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:
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 GE and Pratt & Whitney.
GE Aviation, an operating unit of GE (NYSE: GE - News), 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. For more information, visit us at www.ge.com/aviation.
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 GE and Pratt & Whitney.
GE Aviation, an operating unit of GE (NYSE: GE - News), 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. For more information, visit us at www.ge.com/aviation.
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