October 07, 2005 -- EVENDALE, Ohio - Jade Cargo International has selected GE's CF6-80C2 engines to power its six new Boeing 747-400ER freighters. The engine order is valued at more than $250 million.
Jade Cargo International is a Chinese cargo carrier owned by Shenzhen Airlines, Lufthansa Cargo and DEG, a German bank. The company plans to launch operations next year with a route network that includes Asia, Europe and the Americas. The aircraft will begin delivery in 2006.
FAIRFIELD, Conn.--(BUSINESS WIRE)--Oct. 6, 2005--During the company's Commercial Finance investor webcast, GE (NYSE:GE) Senior Vice President and Chief Financial Officer Keith Sherin highlighted a healthy global economic outlook for the company and updated third quarter and full year 2005 earnings per share (EPS) guidance.
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Keith Sherin, SVP and Chief Financial Officer, Mike Neal, Vice Chairman and CEO - GE Commercial Finance, and GE Commercial Finance leadership team hosted an analyst meeting to provide update on GE and GE Commercial Finance.
Location: Cipriani's, New York, New York
Keith Sherin, SVP and Chief Financial Officer, Mike Neal, Vice Chairman and CEO - GE Commercial Finance, and GE Commercial Finance leadership team hosted an analyst meeting to provide update on GE and GE Commercial Finance.
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EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--Oct. 5, 2005--GE Commercial Finance Fleet Services announced today it signed an agreement on Oct. 4, 2005, to work with Denny Hecker's Walden/Rosedale Leasing (Walden Leasing) headquartered in St. Louis Park, Minn. to provide rental car companies with leasing and loan products that address the unique needs of the rental vehicle market. This agreement combines GE Commercial Finance Fleet Services' financial resources and suite of fleet management products with Walden Leasing's expertise and relationships in the rental car industry.
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TREVOSE, Pa.--(BUSINESS WIRE)--Oct. 4, 2005--GE Water & Process Technologies, a unit of General Electric Company (NYSE:GE), joined its parent company today in announcing the expansion of its five-year, $20 million African infrastructure and healthcare initiative. GE Water & Process Technologies is aiding the expanded effort by providing desperately needed water scarcity solutions to two hospitals located in Kumasi and Kintampo, Ghana.
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NORWALK, Conn.--(BUSINESS WIRE)--Oct. 4, 2005--GE Commercial Finance today announced it has structured and arranged $440 million in senior financing to support the construction of the world's newest state-of-the-art steel mill. The funding was provided to SeverCorr LLC, a newly-formed partnership between SteelCorr, owned by steel industry veteran John Correnti, and Severstal Group.
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FLORENCE, ITALY, October 4, 2005: -- One of the largest reciprocating compressors ever built will be included in the equipment that GE's oil and gas business is supplying to Huntsman Petrochemicals (U.K) Ltd. for a new facility in northeastern England.
Located at Wilton Centre in the Redcar/Cleveland region and based on technology licensed from ExxonMobil Chemical, the new facility will produce low-density polyethylene (LDPE) for use in packaging and will be the largest plant of its kind in the world.