STAMFORD, Conn.--(BUSINESS WIRE)--Dec. 28, 2005--GE Energy Financial Services announced today that it has completed the financing and syndication, with its affiliate, GE Capital Markets, Inc., of a $72.8 million senior debt facility for a portfolio of eight power and transmission projects owned by ArcLight Capital Partners. This is the second major financing led by GE Energy Financial Services and GE Capital Markets for ArcLight.
December 22, 2005 -- EVENDALE, OH - 2005 has been a record-breaking year of sales for GE's newest large commercial engines, the GE90 and GEnx, with more than 750 engines ordered.
The GE90 engine family has sold more than 240 engines in 2005, including a record 225 of the higher thrust GE90-115B engines. Boeing selected the GE90-115B engines as the exclusive power for the fast-selling 777-300ER, 777-200LR and the 777 freighter. The value of the GE90 engines sold this year exceeds $4.5 billion.
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December 20, 2005 -- EVENDALE, Ohio - The Advanced Upgrade kit being installed in Southwest Airlines' fleet of CFM56-3 engines is having a positive impact on the environment by significantly reducing fuel burn and carbon dioxide emissions.
CFM56-3 engines power the Boeing 737 "Classic" series of aircraft and were produced from 1984 to 1997 by CFM International (CFM), a 50/50 joint company between Snecma and General Electric Company.
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December 19, 2005 -- LYNN, Mass. - The United States Army has awarded General Electric Company a contract valued at $178 million for 2006 to continue overhaul support of T700 engines at the Corpus Christi Army Depot (CCAD) and convert engines to the T700-GE-701D configuration in support of the Army's current fleet transformation.
Potential value of the contract to GE over the next five years, based on estimated workload at CCAD, is $1.5 billion.
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December 14, 2005 -- EVENDALE, Ohio - Korean Air has selected the GEnx engine to power its order for 10 firm, 10 option Boeing 787 Dreamliner aircraft.
The value of the firm engine order is more than $240 million (USD). Engine deliveries begin in 2009.
"By any measure, Korean Air is a key global player in commercial aviation," said Scott Donnelly, President of GE - Aviation. "It is a both a world-leading passenger and cargo carrier, and GE is thrilled Korean Air has selected the GEnx, one of the fastest-selling jet engines in aviation."
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ATLANTA--(BUSINESS WIRE)--Dec. 13, 2005--Marking one of the largest power generation agreements in the country's history, Nigeria's Federal Ministry of Power and Steel has selected GE Energy to supply 18 gas turbines, additional equipment and services for five power plants in the Niger Delta area that will add more than 2,000 megawatts to the country's electricity grid.
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December 9, 2005 -- EVENDALE, Ohio - TAM Brazilian Airlines has signed a 15-year OnPoint
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Rick Kennedy
GE Aviation
[email protected]
+1 513 243 3372
+1 513 607 0609
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December 9, 2005 -- EVENDALE, Ohio - TAM Brazilian Airlines has become CFM International's newest customer, selecting the CFM56-5B engine to power 25 new Airbus A320 family aircraft. The airline has also taken options on up to 20 additional aircraft.
CFM56 engines are a product of CFM International (CFM), a 50/50 joint company between Snecma and General Electric Company. More than 15,500 CFM56 engines have been delivered to date to 430 operators around the globe making CFM the world's leading supplier of commercial aircraft engines.
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December 5, 2005 -- EVENDALE, OH - On December 28, 1995, the world's most powerful jet engine--the GE90--on a new Boeing 777 was delivered to China Southern Airlines. Since then, GE and China Southern have developed a strong relationship and demonstrated the outstanding reliability of the GE90 engines.