September 01, 2004 -- EVENDALE, Ohio - Azerbaijan Hava Yollari (AZAL) today announced the selection of CFM56-5B engines to power its new fleet of three Airbus A319s and one Airbus Corporate Jetliner (ACJ). The engine order is valued $45 million at list price.
CFM56-5 engines are produced by CFM International, a 50/50 joint company between Snecma Moteurs and General Electric Company.
The Azerbaijan flag carrier, based in Baku, will begin taking delivery of its new aircraft in 2005. This is the airline's first order for CFM56 engines.
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GE has been in Africa and an African company for more than 100 years. In 1898, GE established its first foreign office in what is now South Africa.
Throughout the continent, GE Transportation's Rail division has service, maintenance and refurbishment contracts with several major rail utilities, in countries such as Egypt, Cameroon, Congo, Gabon, Namibia, Zambia, Tanzania and South Africa.
This is according to Kevin Prozesky, Business Leader of GE Transportation Rail division in South Africa.
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GE Rail announces that a series of winter and summer operational tests on OAO Russian Railways of its modernized 2TE10 locomotive is completed. After a test report is issued by VNIKTI and the results are reviewed with OAO RZhD it is anticipated that decisions on future development will be taken.
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WILMINGTON, Mass.--(BUSINESS WIRE)--Aug. 30, 2004--GE Infrastructure Security, a leading manufacturer of explosives trace detection and identification equipment, today announced that 39 GE Itemiser explosives trace detection systems were deployed prior to the recently concluded 2004 Olympic Games in Athens via a contract with the Greek Ministry of Public Order.
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MUNICH, Germany--(BUSINESS WIRE)--Aug. 30, 2004--GE Healthcare, a unit of General Electric Company (NYSE:GE), today announced that it has developed a new, miniaturized cardiovascular ultrasound so small and lightweight it will transform the way doctors see and treat heart disease.
The new Vivid i is the world's first miniaturized cardiovascular ultrasound system, the result of integrating more than 20 years of expertise in ultrasound and cutting-edge computing technologies, as well as new patented technology developed by GE researchers.
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Under the terms of a new, long-term cooperative agreement between GE Transportation - Aircraft Engines and NPO Saturn, NPO Saturn has begun testing GE and CFM commercial engines. Testing of the first engine, a CFM56-5B, was initiated on July 19 in test cell 26 at the NPO Saturn facility at Rybinsk, Russia
CFM56 engines are produced by CFM International, a 50/50 joint company of Snecma of France and General Electric.
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ATHENS, Greece--(BUSINESS WIRE)--Aug. 29, 2004--GE Energy turned in a gold medal performance at the recently completed Athens 2004 Olympics Games, using technology and teamwork to assure the reliable delivery of back-up electricity for hundreds of events involving thousands of athletes from around the world.
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Trailer Lessor TIP Adopts Parent Company Name; Will Offer Trailer Fleet Services under GE Brand DEVON, Pa.--(BUSINESS WIRE)--Aug. 26, 2004--Transport International Pool, Inc., has transitioned its TIP trailer leasing market brand in North America to that of its parent, the General Electric Company (NYSE: GE), and will now offer its integrated trailer fleet services portfolio directly under the name of GE. Its legal structure as a wholly owned affiliate company within GE's Equipment Services division remains the same.
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August 25, 2004 -- EVENDALE, OH--Singapore Airlines (SA) has signed a letter of intent to purchase up to 31 GE90-powered Boeing 777-300ER aircraft.
Eighteen of the 31 aircraft are firm orders for delivery between 2006 and 2010. SA has purchased rights for the remaining 13 aircraft.
The potential value of the GE90 engine order for the 18 firm aircraft is more than $800 million.
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NORWALK, Conn.--(BUSINESS WIRE)--Aug. 25, 2004--GE Commercial Finance's Global Media & Communications business announced that it has co-arranged $197 million in senior secured financing for Inner City Broadcast Holdings, Inc., the leading radio broadcasting company focused on the African-American community. The transaction closed on August 13.
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