Paris, June 15, 2005: ALAFCO Aviation Lease and Finance Company K.S.C.C. (Kuwait-based shareholding closed company) 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.
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.
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.
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.
June 14, 2005 -- LE BOURGET - AirAsia today signed an OnPoint
SM
SM
SM
Rick Kennedy
GE Aviation
[email protected]
+1 513 243 3372
+1 513 607 0609
June 13, 2005 -- Paris, France - AirAsia, the leading low fare no frills airline in Southeast Asia, has finally unveiled its engine choice for its 100-aircraft Airbus A320 order (60 firm, 40 purchase rights). The airline has selected CFM International's CFM56-5B engine to power the A320s scheduled to begin joining the AirAsia fleet as early as December 2005. The purchase agreement for the firm engine order, which covers a total of 120 engines plus 9 spares, is valued at approximately USD $750 million at list price.
June 13, 2005 -- LE BOURGET - General Electric Company's F110, F404 and F414 engine families have successfully powered fighter aircraft since the 1980s. And yet, these engines have a bright, long-term future through the infusion of new technologies, integration of commercial engine designs, and expansion of aircraft applications worldwide.
F110 engine family
