Frontier Airlines Places $60 Million CFM56-5B
Engine Order To Power Airbus A318s
EVENDALE, Ohio--March 21, 2002--Frontier Airlines (Nasdaq: FRNT)
today announced that it has placed a $60 million order for CFM56-5B/P
engines to power five firm Airbus A318 and two firm A319 aircraft.
Frontier will receive its first A319 aircraft in December, with A318
deliveries beginning in July 2003. The order also includes options for
five additional CFM56-5B/P-powered A318s.
The CFM56-5B is a member of the CFM56 engine family produced by
Americans Have Serious Questions About Funding Their Retirement, But GE Financial has the 'Answer' RICHMOND, Va.--(BUSINESS WIRE)--March 20, 2002--GE Financial (NYSE: GE) Revolutionary GE Life & Annuity retirement product guarantees the amount of money you want, when you want it - with only upside potential GE Financial, the consumer insurance and investment arm of GE Capital Services, today introduced one of the most innovative financial products ever developed - the GE Retirement Answer(sm).
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Oman Selects GE F110 Engines to Power New F-16
Aircraft
EVENDALE, Ohio--March 20, 2002--The Royal Air Force of Oman (RAFO)
has selected GE's F110 fighter engine to power its new fleet of 12
Lockheed Martin F-16 aircraft in an engine contract valued at more
than $50 million.
Oman becomes the 10th country to select the F110 engine family for
its F-16 fighter fleet. More than 2,500 F110 engines have been ordered
worldwide since the engine was first selected by the U.S. Air Force in
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FAIRFIELD, Conn.--(BUSINESS WIRE)--March 18, 2002--The General Electric Company announced today that Jeff Schaper has been named Chief Commercial Officer (CCO) and a member of GE's Corporate Executive Council (CEC).
Schaper has been Vice President, Sales for GE Industrial Systems since 1997. As GE's new CCO, he will be responsible for developing the talent and tools necessary to support GE customers. He will provide leadership for boundaryless sales, customer programs, the Commercial Leadership Program and initiatives on sales force effectiveness.
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FAIRFIELD, Conn.--(BUSINESS WIRE)--March 18, 2002--GE continues to target 17-18% growth in ongoing earnings per share (EPS) this year, to $1.65-$1.67, before accounting changes, with upside if there is an economic recovery, GE Senior Vice President and Chief Financial Officer Keith S. Sherin told members of the financial community today during a meeting at the Company's John F. Welch Learning Center in Crotonville, New York.