CHICAGO--(BUSINESS WIRE)--July 24, 2006--GE today announced that Timothy R. Schitter has been named Vice President for Sales, overseeing all petrochemical sales and services activities for the company's Rail Services unit. Mr. Schitter will be responsible for providing commercial leadership and driving customer loyalty programs for this growing segment of the railcar leasing and services business.
NORWALK, Conn.--(BUSINESS WIRE)--July 24, 2006--GE Commercial Finance - Global Media & Communications announced today that it has closed $182 million in senior secured and mezzanine financing for NewWave Communications, a cable television, high speed internet and digital telephone service provider primarily serving Kentucky, Illinois, Missouri and Tennessee.
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BILLERICA, Mass.--(BUSINESS WIRE)--July 24, 2006--An ultrasonic flowmeter that is intrinsically safe and can save time and money by avoiding downtime: GE Sensing's DigitalFlow(TM) ISX878 is all that and much more. The ISX878 system brings all the advantages of clamp-on flow metering to areas requiring explosion-proof design--it is accurate, easy to install, causes no pressure drop, provides drift-free performance and requires virtually no maintenance.
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To steer the growth of GE's commercial finance business as it seeks to substantially grow its portfolio in India
New Delhi, July 24, 2006 - Tejpreet Singh Chopra has been appointed President & CEO of GE Commercial Finance India. A ten-year GE veteran, Chopra brings considerable management and global finance experience to his new post, which he assumed in May 2006.
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NORWALK, Conn.--(BUSINESS WIRE)--July 24, 2006--GE Commercial Finance - Global Media & Communications announced today that it has closed $182 million in senior secured and mezzanine financing for NewWave Communications, a cable television, high speed internet and digital telephone service provider primarily serving Kentucky, Illinois, Missouri and Tennessee.
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STAMFORD, Conn. & SAN DIEGO--(BUSINESS WIRE)--July 21, 2006--Expanding its investments in oilfield services, GE Energy Financial Services announced today that through its affiliates, it has provided a total of US $175 million to three Canadian companies. The transactions with High Arctic Energy Services Trust, Western Lakota Energy Services and Production Enhancement Group were announced today at the Association of Energy Service Companies 50th Annual conference in San Diego.
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Chennai - July 21, 2006 - Madras School of Economics (MSE) has partnered with GE Money USA to set up 'The GE Money-MSE Decision Sciences and Financial Research Lab' (GMDSFL). The Lab is designed to support and promote quantitative research in decision sciences to test and implement fresh ideas for GE's consumer finance businesses globally. This high-end Lab will be funded by GE Money, USA and staffed by world-class Ph.D.-level research faculty and graduate students of MSE.
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FARNBOROUGH, England--(BUSINESS WIRE)--July 18, 2006--Aviation Capital Group (ACG) today announced that it has ordered 14 CFM56-7B-powered Boeing Next-Generation 737-800s. The engine order is valued at approximately $170 million at list price. ACG is a wholly owned subsidiary of Pacific LifeCorp.
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FARNBOROUGH, England--(BUSINESS WIRE)--July 19, 2006--General Electric Company (GE) and Samsung Techwin, Co. LTD (STW) have signed a contract to develop the T700 turboshaft engine for the Korean Helicopter Program (KHP).
The Republic of Korea (ROK) selected the GE T700/701K to power 245 new indigenous helicopters.
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FARNBOROUGH, England--(BUSINESS WIRE)--July 19, 2006--TAP Portugal has selected General Electric Company's CF6 engines to power five Airbus A330-200 aircraft in an engine deal valued at approximately $150 million (US).
In addition, TAP has signed with GE for a nine-year OnPoint(SM) Solutions service agreement for the maintenance, overhaul, and repair of the 11 CF6-80E1 engines powering this A330 fleet. The potential value over the life of the services agreement is valued at approximately $45 million (US).