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Press Release

GE Marine Modernizes Dynamic Positioning Training School, Enabling Efficient Maritime Operations

June 18, 2015
  • GE Marine launches new program of Dynamic Positioning Operator Training in their modernized GE Marine Technical Training Center in Houston, Texas
  • The upgraded GE facility meets Class A standards, providing a realistic training environment to vessel operators
  • The training courses provided cover a spectrum of key marine operations, training marine operators to carry out smart operations and allow vessels to perform efficiently

Houston - 18 June - Sirens blare, the vessel starts to drift towards the rig and the captai

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Press Release

CFM signs $14 billion in new deals at Paris Air Show

June 18, 2015
  • More than 9,550 total LEAP engine orders and commitments to date
  • CFM56 engines continue to sell very well

LE BOURGET - 18 June 2015 - CFM International’s industry-leading LEAP and CFM56 product lines remain the engines of choice for single-aisle aircraft, with the company signing orders, commitments, and long-term service agreements for a total of 835 engines at the 2015 Paris Air Show.

Read the rest of the release at cfmaeroengines.com.

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Press Release

Engine Alliance Delivers Steady Improvements in GP7200 Performance, Reliability and Durability

June 18, 2015

Paris, France, June 17, 2015 - The GP7200 engine is exceeding performance expectations with the incorporation of the high pressure turbine (HPT) upgrade announced at the 2014 Farnborough International Airshow. The EA has delivered more than 50 of the upgraded engines and has released a retrofit kit for operators who wish to take advantage of the latest benefits.

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Press Release

Volga-Dnepr Group Signs MOU for Additional GEnx-Powered Boeing 747-8 Aircraft

June 18, 2015

The Volga-Dnepr Group signed a Memorandum of Understanding (MOU) for 20 additional GEnx-2B powered Boeing 747-8 Freighters. This order brings Volga-Dnepr’s total GEnx-2B-powered Boeing 747-8 Freighter fleet to 26 aircraft. The additional engine order is valued at more than $1.8 billion list price.

Read the rest of the release at geaviation.com.

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Press Release

GE Capital Real Estate Closes Nearly $10 Billion In Transactions Towards Exit

June 17, 2015

·         Strong progress  since April 10 disposition announcement

·         Bulk of remaining debt and equity to close in second and third quarter

FAIRFIELD, CT - June 17, 2015 - GE [NYSE:GE] announced its GE Capital Real Estate business has now completed transactions totaling $9.5 billion with Blackstone [NYSE: BX], Wells Fargo [NYSE: WFC], Shinsei Bank Limited and other buyers for portfolios in Canada, Japan, Germany, U.K. and the U.S.

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GE Aviation delivers 10,000th advanced Flight Management Computer for Boeing 737

June 17, 2015

LE BOURGET -- GE Aviation recently delivered the 10,000th flight management computer (model 2907C1) to The Boeing Company marking an era of continuous partnership in support of the versatile 737 airplane.

Read the rest of the release on geaviation.com.

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Press Release

GE Capital is Administrative Agent on $1.335 Billion in Senior Credit Facilities to Sotheby's

June 17, 2015

CHICAGO - GE Capital, Corporate Finance today announced it is serving as administrative and collateral agent on $1.335 billion in senior credit facilities for auction house Sotheby’s (NYSE: BID).  The new facilities include a $485 million credit line increase that will be used for growth in Sotheby’s finance business.  GE Capital Markets served as joint lead arranger and joint book runner on the facilities.

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Press Release

Avolon selects CFM LEAP-1A to power A320neo

June 17, 2015

LE BOURGET - 17 June 2015 - CFM International today announced that Dublin, Ireland based aircraft leasing company Avolon selected CFM International's LEAP-1A engine to power 20 new Airbus A320neo aircraft. The engine order is valued at $590 million U.S. at list price.

Avolon has been a CFM customer since its launch in 2010 and has a committed fleet of 161 CFM-powered aircraft.

Read the full release at CFM.

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Press Release

Altran and GE Announce Intention to Form an Alliance to Drive Game-Changing Outcomes across Industry

June 17, 2015

Both companies to collaborate on development of industrial apps for asset optimization, enterprise optimization and intelligent environments

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Swiss International Air Lines Selects GE Aviation to Drive Operational Efficiency Fleet-wide

June 16, 2015

Swiss International Air Lines (SWISS) selected GE Aviation’s Flight Efficiency Services (FES) for fuel management.

In addition to providing Flight Data Management (FDM) and Flight Operational Quality Assurance (FOQA) services through GE’s Flight Risk Management, GE Aviation’s Flight Analytics System will deliver their Fuel Management Solution, which will include the evaluation and analysis of flight and operational data to identify and prioritize fuel savings opportunities and enable a platform for fuel management analytics.

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