August 26, 2005 -- EVENDALE, Ohio - Shenzhen Airlines has become the newest customer for the CFM56-5B, placing an order for engines to power three Airbus A320 and two A319 aircraft. The engine order is valued at $60 million at list price.
CFM56-5B engines are produced by CFM International, a 50/50 joint company between Snecma and General Electric Company. CFM is the world's leading aircraft engine supplier, with more than 15,000 engines in service worldwide.
Istanbul, Turkey - August 25, 2005 -- Dogus Holding A.S and GE Consumer Finance (GECF) the global consumer lending unit of General Electric Company (NYSE: GE), today announce that the parties have reached agreement regarding the acquisition by GECF of a 25.5% share in Garanti Bank, Turkey's third largest private bank.
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August 24, 2005 -- EVENDALE, Ohio - GE Transportation announced that an LM6000 aeroderivative gas turbine recently completed the 500-hour power generation phase of endurance testing towards American Bureau of Shipping (ABS) certification. GE is seeking ABS certification to the Steel Vessel and the new Naval Vessel Rules for its LM6000.
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August 23, 2005 -- EVENDALE, Ohio - Singapore Airlines (SIA) signed a 10-year OnPoint
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Rick Kennedy
GE Aviation
[email protected]
+1 513 243 3372
+1 513 607 0609
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August 23, 2005 -- EVENDALE, Ohio - Singapore Airlines (SIA) signed a 10-year OnPoint SM Solutions service agreement with General Electric Company for the maintenance, overhaul and repair of GE90-115B engines that will power 19 Boeing 777-300ERs, which enter service in 2006. The agreement is the first GE90 OnPoint Solutions service agreement.
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STAMFORD, Conn.--(BUSINESS WIRE)--Aug. 23, 2005--GE Consumer Finance, one of the world's leading consumer lenders, and QVC, the leading electronic retailer, today announced that they have entered into a multi-year agreement to offer the private label QCard(R) to QVC customers in the U.S.
We're proud to be partnering with a retailer that is as successful as QVC, said Margaret Keane, president and chief executive officer of GE Consumer Finance's Retail Consumer Finance unit. QVC has a strong brand and customer base.
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August 22, 2005 -- Evendale, Ohio - The GE Rolls-Royce Fighter Engine Team (FET) has been awarded a contract valued at $2.4 billion to develop its F136 engine for the F-35 Joint Strike Fighter (JSF) program.
The contract, issued by the U.S. government, will be applied toward the System Development and Demonstration (SDD) phase of the F136 engine program. This SDD phase will run through September 2013. The F136 Initial Service Release is planned for 2012, at which time delivery of the first F136 production engines will begin.
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STAMFORD, Conn. & HOUSTON--(BUSINESS WIRE)--Aug. 22, 2005--GE Commercial Finance Energy Financial Services announced today it has invested, for the first time offshore, $70 million in a limited partnership with F-W Oil Exploration L.L.C. to acquire and produce natural gas and associated liquid hydrocarbons in the Gulf of Mexico. Energy Financial Services will also finance the completion of a 48-mile pipeline system to transport gas from F-W's gas fields in the South Padre Island area.
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NORWALK, Conn.--(BUSINESS WIRE)--Aug. 22, 2005--GE Commercial Finance Global Media & Communications announced today that it has provided a $70 million financing facility to Charlotte, NC-based Bahakel Communications. GE served as administrative agent and sole lender for the transaction, which closed August 3, 2005.