FARNBOROUGH, England--(BUSINESS WIRE)--July 18, 2006--Lan Airlines has placed a $48 million order for CFM56-5C/P kits to upgrade 18 installed and spare engines powering its fleet of Airbus A340-300 aircraft. The airline is schedule to begin taking delivery in July 2006.
CFM International (CFM) is a 50/50 joint company between Snecma and General Electric Company.
FARNBOROUGH, England--(BUSINESS WIRE)--July 18, 2006--Emirates has signed an agreement to purchase 10 Boeing 747-8 freighters, powered by the new GEnx engine. The agreement for 45 GEnx engines is valued at more than $600 million (USD). Delivery is scheduled to begin in 2010.
The GEnx, based on the highly successful GE90, will succeed GE's CF6 engine. Under development, GEnx is a best-selling engine for new wide-body aircraft, with orders exceeding 600 engines.
FARNBOROUGH, England--(BUSINESS WIRE)--July 18, 2006--International Lease Finance Corporation (ILFC) has selected the GEnx and GE90 engines to power its new Boeing 787 and 777 fleets. The value of the engines ordered is more than $750 million.
The aircraft leasing company has ordered GEnx engines for up to 24 Boeing 787 aircraft, including firm and options. The GEnx is a best-selling engine for new wide-body aircraft, with orders exceeding 600 engines.
FARNBOROUGH, England--(BUSINESS WIRE)--July 18, 2006--UPS has selected GP7200 engines to power its fleet of Airbus A380 freighter aircraft.
The UPS engine selection follows its 10 firm Airbus A380 aircraft orders. UPS also has options on 10 additional A380 aircraft. The value of the order was not disclosed. Aircraft deliveries are scheduled to begin in 2009.
"UPS demands the best," said Bruce Hughes, president of the Engine Alliance. "We're delighted the GP7200 is powering the UPS fleet and look forward to working with UPS to ensure a smooth entry into service."
FARNBOROUGH, England--(BUSINESS WIRE)--July 17, 2006--Indonesian carrier Lion Air today announced that it has firmed option orders for 30 additional CFM56-7B-powered Boeing 737-900ER aircraft. The engine order is valued at $360 million at list price. The airline, which placed an initial order for 30 aircraft in July 2005, will begin taking delivery of the new 737s in the first half of 2007.
FARNBOROUGH, England--(BUSINESS WIRE)--July 17, 2006--Shannon Engine Support (SES) today announced an order for 40 CFM56-7B spare engines. The order is valued at $240 million at list price and the engines are scheduled for delivery between late 2006 and 2010.
CFM56-7B engines are produced by CFM International, a 50/50 joint company between Snecma and General Electric Company. SES is a wholly owned subsidiary of CFM International.
CLEVELAND--(BUSINESS WIRE)--July 18, 2006--
Successful automotive lighting product line adds two new product families
Death rates are three times greater at night than during the day, according to the National Safety Council. For enhanced driving confidence, ultra-bright NIGHTHAWK(TM) automotive headlamps offer greater night driving confidence.
Scott Donnelly, President and CEO - GE Aviation, and Henry Hubschman, President and CEO - GE Aviation Services, will host an analyst meeting in conjunction with the Farnborough Air Show.
Location: London, UK
Scott Donnelly, President and CEO - GE Aviation, and Henry Hubschman, President and CEO - GE Aviation Services, will host an analyst meeting in conjunction with the Farnborough Air Show.
Jeff Wilson
GE Capital Corporate Finance
[email protected]
1-203-749-6340
CHICAGO--(BUSINESS WIRE)--July 17, 2006--GE Antares Capital today announced its role as administrative agent for a $37.5 million senior credit facility to support Century Park Capital Partners' acquisition of Eckler Industries, Inc. ("Eckler's").
GE Antares has served as administrative agent for Eckler's for several years and provided a staple-on financing to support the recent sale of Eckler's. GE Capital Markets serves as the sole lead arranger for the credit facility.
CHICAGO--(BUSINESS WIRE)--July 17, 2006--GE Antares Capital today announced its role as administrative agent for a $37.5 million senior credit facility to support Century Park Capital Partners' acquisition of Eckler Industries, Inc. ("Eckler's").
GE Antares has served as administrative agent for Eckler's for several years and provided a staple-on financing to support the recent sale of Eckler's. GE Capital Markets serves as the sole lead arranger for the credit facility.
