November 20, 2005 -- DUBAI - ALAFCO Aviation Lease and Finance Company (KSCC) has completed an agreement to purchase 12 firm, eight option Airbus A350 aircraft powered by the GEnx engine.
The GEnx engines for the firm 12 A350s are valued at more than $300 million. Delivery of the aircraft, a combination of A350-800 and A350-900 models, is scheduled to begin in 2012.
Based in Kuwait, ALAFCO is a growing aviation lease and finance company with customers in Asia, the Middle East, and Europe.
November 20, 2005 -- DUBAI - ALAFCO Aviation Lease and Finance Company (KSCC) has completed an agreement to purchase 12 firm, eight option Airbus A350 aircraft powered by the GEnx engine.
The GEnx engines for the firm 12 A350s are valued at more than $300 million. Delivery of the aircraft, a combination of A350-800 and A350-900 models, is scheduled to begin in 2012.
Based in Kuwait, ALAFCO is a growing aviation lease and finance company with customers in Asia, the Middle East, and Europe.
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November 20, 2005 -- DUBAI - General Electric Company is playing a large role in the construction of Emirates Airlines' jet engine test facility in Dubai.
Emirates Airlines, one of the world's fastest growing airlines, began construction on the facility in June, with completion scheduled for January 2007. The facility was designed in co-operation with GE with a capability unique to the Middle East region.
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November 20, 2005 -- DUBAI - Long recognized as a leader in propulsion technology, General Electric Company (GE) is engaged in the most aggressive research & development (R&D) effort in its history to bring a new generation of high-thrust jet engines to the marketplace.
GE - Aviation has invested approximately $1 billion (USD) annually in R&D since 2001. The result is a series of new jet engines that are powering the growing fleets of commercial aircraft across the Middle East.
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Dubai, November 20, 2005: General Electric Company is playing a large role in the construction of Emirates Airlines' jet engine test facility in Dubai.
Emirates Airlines, one of the world's fastest growing airlines, began construction on the facility in June, with completion scheduled for January 2007. The facility was designed in co-operation with GE with a capability unique to the Middle East region.
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November 19, 2005 -- ORLANDO, FLORIDA - GE Honda Aero Engines LLC is validating design and component enhancements to its latest-generation HF118 jet engine in anticipation of running a full engine incorporating these designs by early 2007.
GE Honda Aero Engines LLC is a 50/50 joint venture company formed a year ago to manufacture and market the HF118 family of commercial turbofan engines, ranging in thrust from 1,000 to 3,500 pounds, for light business aircraft.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--Nov. 18, 2005--GE (NYSE: GE):
-- Agrees to sell most of Insurance Solutions business to Swiss Re
-- Sees faster earnings growth from continuing operations, 2006 EPS up 12-17%
-- CFOA up 20%, to $24 billion in 2006
-- Increases quarterly dividend 14% to $0.25 per share
-- Increases stock buyback from $15 billion to $25 billion through 2008
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Corporate Communications
[email protected]
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