LYNN, Mass.--(BUSINESS WIRE)--The first CT7-9C3-powered CN-235-300 for the U.S. Coast Guard Deepwater program is now in the hands of the customer.
Deepwater is a multiyear, multibillion-dollar program to modernize and replace the Coast Guard's aging ships and aircraft. The twin-engine CN235 medium-range surveillance, maritime patrol aircraft (MRSMPA) replaces the Falcon 20 and provides more endurance and a more cost-effective mission solution.
FAIRFIELD, Conn.--(BUSINESS WIRE)--General Electric Company (NYSE:GE) announced today that it agreed to purchase Smiths Aerospace, a U.K.-based supplier of integrated systems for aircraft manufacturers and components for engine builders, for $4.8 billion in cash. The deal is subject to approval by Smiths Group shareowners as well as customary regulatory reviews.
FARNBOROUGH, England--(BUSINESS WIRE)--July 18, 2006--Aviation Capital Group (ACG) today announced that it has ordered 14 CFM56-7B-powered Boeing Next-Generation 737-800s. The engine order is valued at approximately $170 million at list price. ACG is a wholly owned subsidiary of Pacific LifeCorp.
FARNBOROUGH, England--(BUSINESS WIRE)--July 19, 2006--General Electric Company (GE) and Samsung Techwin, Co. LTD (STW) have signed a contract to develop the T700 turboshaft engine for the Korean Helicopter Program (KHP).
The Republic of Korea (ROK) selected the GE T700/701K to power 245 new indigenous helicopters.
FARNBOROUGH, England--(BUSINESS WIRE)--July 19, 2006--TAP Portugal has selected General Electric Company's CF6 engines to power five Airbus A330-200 aircraft in an engine deal valued at approximately $150 million (US).
In addition, TAP has signed with GE for a nine-year OnPoint(SM) Solutions service agreement for the maintenance, overhaul, and repair of the 11 CF6-80E1 engines powering this A330 fleet. The potential value over the life of the services agreement is valued at approximately $45 million (US).
EVENDALE, Ohio--(BUSINESS WIRE)--July 18, 2006--Egyptian charter carrier AMC Airlines has signed a 10-year, $40 million OnPoint(SM) Solutions service agreement with GE-Aviation's Engine Services operation for the overhaul and maintenance of the airline's fleet of CFM56-7B* engines.
The Cairo-based airline currently operates four CFM56-7B-powered Boeing Next-Generation 737-800 aircraft and will eventually acquire three additional aircraft. AMC, which was formed in 1992, operates charter flights from Europe to Egyptian tourist destinations.
FARNBOROUGH, England--(BUSINESS WIRE)--July 18, 2006--Lan Airlines has placed a $48 million order for CFM56-5C/P kits to upgrade 18 installed and spare engines powering its fleet of Airbus A340-300 aircraft. The airline is schedule to begin taking delivery in July 2006.
CFM International (CFM) is a 50/50 joint company between Snecma and General Electric Company.
FARNBOROUGH, England--(BUSINESS WIRE)--July 18, 2006--Emirates has signed an agreement to purchase 10 Boeing 747-8 freighters, powered by the new GEnx engine. The agreement for 45 GEnx engines is valued at more than $600 million (USD). Delivery is scheduled to begin in 2010.
The GEnx, based on the highly successful GE90, will succeed GE's CF6 engine. Under development, GEnx is a best-selling engine for new wide-body aircraft, with orders exceeding 600 engines.
FARNBOROUGH, England--(BUSINESS WIRE)--July 18, 2006--International Lease Finance Corporation (ILFC) has selected the GEnx and GE90 engines to power its new Boeing 787 and 777 fleets. The value of the engines ordered is more than $750 million.
The aircraft leasing company has ordered GEnx engines for up to 24 Boeing 787 aircraft, including firm and options. The GEnx is a best-selling engine for new wide-body aircraft, with orders exceeding 600 engines.
FARNBOROUGH, England--(BUSINESS WIRE)--July 18, 2006--UPS has selected GP7200 engines to power its fleet of Airbus A380 freighter aircraft.
The UPS engine selection follows its 10 firm Airbus A380 aircraft orders. UPS also has options on 10 additional A380 aircraft. The value of the order was not disclosed. Aircraft deliveries are scheduled to begin in 2009.
"UPS demands the best," said Bruce Hughes, president of the Engine Alliance. "We're delighted the GP7200 is powering the UPS fleet and look forward to working with UPS to ensure a smooth entry into service."
