GE Garners More than $17B in Orders at Farnborough Airshow
FARNBOROUGH AIR SHOW -- Orders for engines and services from GE and its joint venture CFM International at the 2012 Farnborough Airshow totaled more than $17.5 billion (USD).
"The results from this year's show are proof that GE Aviation and CFM International are on the right technology paths with our engine programs and service offerings," said David Joyce, president and chief executive officer of GE Aviation. "Our customers are embracing our product with their orders and we look forward to delivering on these significant commitments."
"Despite today's economic environment, airlines are looking for newer, more fuel efficient aircraft," said Norman CT Liu, president and chief executive officer of GE Capital Aviation Service (GECAS). "Our strategic orders the last two years position GECAS well to meet that demand."
Highlights from the 2012 Farnborough Airshow include:
- Turkish Airlines for its CF6 engine fleet that powers its seven Airbus CF6-80E-powered A330-200 aircraft.
-Oman Air for its 33 CFM56-7B engines fleet Next-Generation 737 aircraft.
-Apollo Aviation Group for its mix of 21 CFM56 engines.
-GOL Linhas Aéreas Inteligentes S.A. for its CFM56-7B engines that power the Boeing 737-700/-800 aircraft.
GE 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.
GECAS, the U.S. and Irish commercial aircraft financing and leasing business of GE, has a fleet of over 1,710 owned and serviced aircraft with approximately 235 airlines in over 75 countries. GECAS offers a wide range of aircraft types and financing options, including operating leases and secured debt financing, and also provides productivity solutions including spare engine leasing, spare parts financing and management. GECAS, a unit of GE Capital, has offices in 24 cities around the world.
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