It’s been a week splashed with sunshine at the Farnborough International Airshow — an unusual sight for England in July — but GE Aviation still made it rain. The GE unit that makes aircraft engines, plane components, avionics and other aerospace technology said it and its partner, CFM International, have won orders valued at more than $22 billion at list price.
Sign up for a new bank account or buy a new car and chances are you’ll be prompted to download corresponding apps that will give you the ability to control your finances or your car stereo from your phone. Constantly updating your phone in this way — so it’s customized to your life — is so routine at this point that most of us just take it for granted.
“It seems we are 13 years ahead of schedule!” said Joyce.
But to do that, Allegheny needed wings. It bought regional carriers like Indiana’s Lake Central airlines and New York’s Mohawk Airlines to provide coverage east of the Mississippi River and in parts of Canada. But it still wasn’t enough. The problem: Planes are expensive and Allegheny couldn’t afford to buy the new aircraft it needed.
GE and its partners have received more than $31 billion in new business at the show, which opened Monday. The bulk of those orders are for a new family of LEAP jet engines with 3D-printed fuel nozzles. The LEAP engine was developed by CFM International, a 50-50 joint venture between GE and France’s Safran Aircraft Engines.