July 18, 2005 -- Huerth, Germany - General Electric Company has signed a definitive agreement with Welch Allyn to acquire Everest VIT, Inc. (EVIT), a remote industrial visual inspection technologies subsidiary. The transaction, terms of which are not being disclosed, will be completed upon receipt of the various regulatory approvals. EVIT will become part of GE Inspection Technologies, headquartered in Huerth, Germany.
June 30, 2005 -- EVENDALE, Ohio -- GE Transportation announced it will supply Samsung Techwin, the Republic of Korea (ROK), with several GE LM500 aeroderivative marine gas turbine kits. Once assembled and tested by Samsung Techwin, the LM500 marine gas turbines will be used to power the ROK Navy's next generation PK(X) patrol boats.
"We are delighted that the LM500 gas turbine will be part of the propulsion system for these next-generation vessels," said Karl Matson, general manager of GE Transportation's marine business, Evendale, Ohio.
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June 29, 2005 -- EVENDALE, Oho - Iberia Airlines has announced that CFM56-5B engines will power its new fleet of 30 firm Airbus A320 family aircraft. The firm engine order is valued at more than $360 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.
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June 16, 2005 -- LE BOURGET - During the 2005 Paris Air Show, CFM International logged orders for 218 new CFM56 engines at a combined value of $1.3 billion. The company had received 594 engine orders though May of this year; that total now stands at 812.
CFM56 engines are produced by CFM International, a 50/50 joint company between Snecma and General Electric Company. CFM is the world's leading supplier of commercial aircraft engines, with more than 15,000 delivered to date.
Orders booked this week include:
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June 16, 2005 -- LE BOURGET - Air Europa today announced an order for 18 firm, 12 option Boeing 737-800 aircraft powered by CFM56-7B engines. The firm engine order is valued about $220 million.
CFM56-7B engines are produced by CFM International, a 50/50 joint company between Snecma and General Electric Company. CFM, the world's leading supplier of commercial aircraft engines, with more than 15,000 delivered to date.
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June 15, 2005 -- Paris, France - The Joint Strike Fighter (JSF) F136 engine team of GE and Rolls-Royce announced that they will further expand Turkish industrial participation in the F136 program. At the Paris Air Show on Tuesday, GE Transportation and Tusas Engine Industries (TEI) of Eskisehir, Turkey, signed an agreement wherein GE will provide advanced engineering training to TEI.
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June 15, 2005 -- LE BOURGET - Air Cairo today announced its intent to purchase CFM56-5B/P engines to power six Airbus A318 aircraft in an engine order valued about $75 million.
CFM56-5B/P engines are produced by CFM International, a 50/50 joint company between Snecma and General Electric Company. CFM, the world's leading supplier of commercial aircraft engines, is the engine of choice for the Airbus A320 family, winning 57 percent of the orders in 2004 and 58 percent through May 29 in 2005.
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June 14, 2005 -- LE BOURGET - CFM International (CFM) today has logged orders for a total of 120 firm CFM56-7B engine at a value of $600 million.
Jet Airways today announced an order for 10 Boeing 737-800s powered by the CFM56-7B; GE Capital Aviation Services (GECAS) has ordered 20 737s; and International Lease Finance Corporation has also announced an order for 20 CFM56-7B-powered 737-700/-800s.
CFM is a 50/50 joint company between Snecma and General Electric Company.
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June 14, 2005 -- LE BOURGET - Korean Air has selected the Engine Alliance GP7200 to power the airline's new fleet of Airbus A380 super jumbo aircraft. Korean Air ordered 23 engines for the five firm A380s on order and 13 engines for the three option aircraft. The value of the firm orders is approximately $300M. If the options are exercised, they would be worth an additional $170 million. This order gives the Engine Alliance a 58 percent order share on the A380s for which engines have been selected; the total 320 engines on firm order have a value of $4.1B.
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June 14, 2005 -- LE BOURGET - ALAFCO Aviation Lease and Finance Company (KSCC) has signed a Memorandum of Understanding for the purchase of 12 firm, six option Airbus A350 aircraft powered by General Electric Company's GEnx engine.
The GEnx engines for the firm 12 A350s are valued at more than $300 million. Under the terms of the agreement, delivery of the aircraft, a combination of A350-800 and A350-900 models, is scheduled to begin in 2012.
Based in Kuwait, ALAFCO is a growing aviation lease and finance company with customers in Asia, the Middle East, and Europe.