DUBAI - November 12, 2007 - Dubai Aerospace Enterprise (DAE), the global aerospace manufacturing and services corporation, has ordered 10 GE90-115B-powered Boeing 777-300ER and five GEnx-powered Boeing 747-8 freighters. The engine orders are valued at a combined total of more than $770 million (USD) at list price.
DUBAI -- November 12, 2007 -- Emirates has signed a Fleet Management Agreement with the Engine Alliance for the maintenance, repair and overhaul of its GP7200 engines that will power its Airbus A380 fleet. The Fleet Management Agreement is valued at $3 billion (USD) over the life of the contract.
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WILMINGTON, N.C.--(BUSINESS WIRE)--Illinois-based Exelon Nuclear, the nation's largest nuclear utility, has announced it will use GE Hitachi Nuclear Energy's (GEH) next-generation ESBWR reactor design if the company decides to build a new nuclear power plant in Texas.
Exelon Nuclear is studying locations in Matagorda and Victoria counties in Texas as potential reactor sites to help address that state's rapidly growing demand for energy.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it has provided a $550 million asset-based credit facility to Finlay Enterprises, Inc. (NASDAQ: FNLY), a fine jewelry retailer. The loan replaces a previous facility with GE and will be used to support Finlay's acquisition of Bailey Banks & Biddle, a division of Zale Corporation. GE Capital Markets served as sole bookrunner on the transaction.
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NORWALK, Conn.--(BUSINESS WIRE)--GE Commercial Finance Corporate Lending today announced it has provided a $550 million asset-based credit facility to Finlay Enterprises, Inc. (NASDAQ: FNLY), a fine jewelry retailer. The loan replaces a previous facility with GE and will be used to support Finlay's acquisition of Bailey Banks & Biddle, a division of Zale Corporation. GE Capital Markets served as sole bookrunner on the transaction.
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VANCOUVER, British Columbia--(BUSINESS WIRE)--Plutonic Power Corporation (Plutonic) (PCC-TSX) and a Canadian affiliate of GE Energy Financial Services, a unit of GE (NYSE: GE), announced today that a $470 million senior secured credit facility for the Toba Montrose General Partnership has been closed with a syndicate of financial institutions.