STAMFORD, CT, Jan. 20, 2014 -- GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric (NYSE: GE), announced today an order for 40 737s. The order, with a list-price value of approximately $3.9 billion, consists of 20 737 MAX 8s and 20 Next-Generation 737-800s.
4Q and Full-Year 2013 Highlights
- 4Q operating EPS of $0.53, up 20%
Industrial segment profit +12%, with six of seven segments growing earnings
5% Industrial segment organic revenue growth
Full-year operating EPS of $1.64, up 9%
- 4Q U.S. orders +8%, growth market orders +13%, Europe orders +3%
- 4Q margins up 100 bps vs. 4Q'12; full-year margins +66 bps excluding acquisitions
$1.6 billion reduction in Industrial structural costs in 2013, ahead of plan
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SINGAPORE, January 23, 2014 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, today announced delivery of two new leased Embraer E190 aircraft to Air Costa, a new Indian airline focused on regional operations.
Air Costa is promoted by the LEPL Group - a major urban infrastructure player in India. Air Costa started operations in October 2013 and currently flies to six destinations in India.
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FAIRFIELD, Conn. -- January 03, 2014 -- GE (NYSE: GE) announced today that it will hold its 2014 Annual Meeting of Shareowners on Wednesday, April 23, 2014 at the Sheraton Chicago Hotel & Towers in Chicago, Illinois. GE holds its shareowners meeting in a different city each year to illustrate the diversity of the company's businesses and the strength of its portfolio.
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SINGAPORE, December 19, 2013 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, today announced it signed a lease agreement with South Korean low-cost carrier Jeju Air for two Boeing 737-800 aircraft. The aircraft are scheduled for delivery in 2014 to expand the carrier's fleet.
Jejuair currently operates 13 Boeing 737-800s, its first delivered in 2008. It maintains three domestic routes and 15 international routes. Jeju Air has seen 30 percent annual passenger growth the last three years.
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The Board of Directors of GE [NYSE: GE] today raised the Company's quarterly dividend 16%, or $0.03 per outstanding share of the Company's common stock, to $0.22 per outstanding share of the Company's common stock. The Board declared that the dividend is payable January 27, 2014 to shareowners of record at the close of business on December 23, 2013. The ex-dividend date is December 19, 2013.
Trevor Schauenberg
GE Corporate VP Investor Communications
[email protected]
1-203-373-2424
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HONG KONG, December 6, 2013 -- GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced delivery of a new leased Airbus A330 aircraft to China Airlines to help modernize its fleet. This is the first of two A330s that will be leased to China Airlines. The second is scheduled for delivery in 2014. The aircraft come from GECAS' existing orderbook with Airbus.